UPDATED:
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
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
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