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Lake Placid, FL
Property Type
Business
Central AC
Yes
Year Built
1967
Listing courtesy of Gregory S Karlson of Advantage Realty #1.
18 Hole Golf Course with Restaurant, Golf Shop & Maintenance Facility all on 139+-Acres priced at Only $12,589 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 acres (on restaurant site). 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 @ $4,779 +/- per acre, $325,000; 67 acres with 201 homesites+48 Townhomes at $4,117 per homesite/unit, $1,025,000. Do Not Disturb restaurant tenant! Sale is confidential and buyer Must sign confidentiality agreement before showings & getting detail package.
134.09 Acres
Lake Placid
B26007766
Business
1967
Concrete
1
1967
florida
Yes - Central Air, Ceiling Fan(s)
Carpet, Vinyl
Yes - Central
Public
Total$9,173.63/Month
*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.
3603 Placid Lakes Boulevard, Lake Placid, FL
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Information is deemed reliable but is not guaranteed and should be independently verified.