REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

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Ryan Ditmar

ryan@lineagere.com +1(407) 497-4717

$ 1,850,000

Est. payment | -/mo

3,000 SqFt

Save Virtual Tour

$ 1,850,000

Est. payment | -/mo

Save Virtual Tour

3,000 SqFt

Key Details

Property Type Commercial

Sub Type Business

Listing Status Pending

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $616

Subdivision Placid Lakes Sec 11 Rep

MLS Listing ID L4949447

HOA Y/N No

Year Built 1967

Annual Tax Amount $4,341

Lot Size 134.090 Acres

Acres 134.09

Property Sub-Type Business

Source Stellar MLS

Property Description

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!

Location

State FL

County Highlands

Community Placid Lakes Sec 11 Rep

Area 33852 - Lake Placid

Zoning AU

Interior

Heating Central

Cooling Central Air

Flooring Linoleum

Exterior

View Y/N No

Water Access Yes

Water Access Desc Pond

Building

Story 1

Foundation Slab

Lot Size Range 100 to less than 200

Structure Type Concrete

New Construction false

Others

Ownership Other

Acceptable Financing Cash, Owner Financing

Listing Terms Cash, Owner Financing

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4949447

Listed by Gregory Karlson ADVANTAGE REALTY 1

NEARBY SCHOOL & BUSINESS

+1(407) 497-4717

ryan@lineagere.com

9209 Reymont Street, Orlando, FL 32827, United States

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3603 PLACID LAKES BLVD Lake Placid, FL 33852