3603 PLACID LAKES BLVD, LAKE PLACID, FL, 33852
$1,850,000
Commercial Sale
|
Living Area
3,000 Sqft
|
Lot Size
5,840,960 Sqft
|
Former 18 Hole Golf Course with Restaurant, Golf Shop & Maintenance Facility all on 139+-Acres priced at Only $13,310 per acre for Fast Sale /Offering Tremendous Upside Potential!
Open it all back up or explore many alternative potential uses. All Subject to Approvals of course. The restaurant with liquor license is leased.
Past income of this business produced was 8% Cap Rate 2021 & 9% Cap Rate 2022. This course is the Only Golf Course in Lake Placid.
Allocation of values: Restaurant, $400,000(4+-acres) then 134+-acres @ $10,486 per acre(w/valuable wells,pumps/barn), 3 residential lots($45k)
Do Not Disturb restaurant tenant! Sale is confidential and buyer Must sign confidentiality agreement before showings & getting detail package of information!
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRL4949447 | Year Built: | 1967 | |
| Construction Materials: | Concrete | Cooling: | Central Air | |
| Country: | US | County Or Parish: | Highlands | |
| Flooring: | Linoleum | Foundation Details: | Slab | |
| Heating: | Central | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Owner Financing | Possession: | Close Of Escrow | |
| Property Sub Type: | Business | Property Type: | Commercial Sale | |
| Road Frontage Type: | City Street | Road Surface Type: | Paved | |
| Showing Requirements: | ShowingTime | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
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