About 3603 Placid Lakes Boulevard
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!
Features of 3603 Placid Lakes Boulevard
| MLS® # | L4949447 |
|---|---|
| Price | $1,850,000 |
| Square Footage | 3,000 |
| Acres | 134.09 |
| Year Built | 1967 |
| Type | Commercial Sale |
| Sub-Type | Business |
| Status | Pending |
Community Information
| Address | 3603 Placid Lakes Boulevard |
|---|---|
| Area | Lake Placid |
| Subdivision | PLACID LAKES SEC 11 REP |
| City | LAKE PLACID |
| County | Highlands |
| State | FL |
| Zip Code | 33852 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Central |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Foundation | Slab |
|---|
Additional Information
| Date Listed | December 16th, 2024 |
|---|---|
| Days on Market | 515 |
| Zoning | AU |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | ADVANTAGE REALTY 1 |
|---|