1. Florida
  2. Lake Placid
  3. 3603 PLACID LAKES BOULEVARD
$1,850,000

3603 PLACID LAKES BOULEVARD, Lake Placid, FL 33852

  • 3,000 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1967
  • Property Lot Size Icon134.09acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $617/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

Owner Financing 1/2 Down 7% int/2yr Bal. 18 Hole Golf Course with Restaurant, Golf Shop & Maintenance Facility with Equipment all on 139+-Acres priced at Only $13,309 per acre for Fast Sale /Offering Tremendous Upside Potential to develop 1/2 of the course into 201+-Homesites Plus 48 Unit Townhomes on 4 acre (on restaurant site) while retaining the balance of the course as 9 Hole Golf Course, add pickle ball courts & add a spa on the extra commercial lot for even more potential profit! 60 Golf Carts & equipment are included in sale & the restaurant with liquor license is leased. Past income of this business produced 8% Cap Rate 2021 & 9% Cap Rate 2022. This course is the Only Golf Course in Lake Placid. Allocation of values / Proforma Metrics: Restaurant, $400,000; 9-hole golf course @ $4,105 +/- per acre, $275,000; 67 acres with 201 homesites+48 Townhomes at $4,117 per homesite/unit, $1,025,000; golf cart and equipment, $150.000. Do Not Disturb restaurant tenant! Sale is confidential and buyer Must sign confidentiality agreement before showings & getting detail package of information!

Listing Status:
Active
Date Added:
December 16, 2024 at 06:00AM
Listing Office:
ADVANTAGE REALTY 1 : 863-386-1111
Listing Agent:
Gregory Karlson : 863-381-4932
MLS ID:
L4949447
  • Flooring: Linoleum
  • A/C: Central Air
  • Heating: Central

This listing courtesy of Gregory Karlson, ADVANTAGE REALTY 1

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Lake Placid Elementary School

101 Green Dragon Dr, Lake Placid, FL, 33852

Grades PK-5

2.97 miles away

L

Lake Placid Middle School

201 S Tangerine Ave, Lake Placid, FL, 33852

Grades 6-8

2.96 miles away

L

Lake Placid High School

202 Green Dragon Dr, Lake Placid, FL, 33852

Grades 9-12

2.84 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.