3603 Placid Lakes Boulevard Lake Placid, FL 33852
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!
- Property TypeCommercial
- NeighborhoodPlacid Lakes
- CountyHighlands
- Taxes$12,046
- HOA/Condo/Coop Fees$2
- Days on Site51 Days
- MLS StatusPending
- MLS ID Number300855
- Home Size Source N/A
- Year Built1967
- Lot Size134.09 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style One Story
- Construction BlockConcreteStucco
- Parking PavedParking Available
- Sewer Public Sewer
- Number of Stories 11
- Acreage 134.09
- Water Public
- Zoning AU
- Property Sub Type Business
Interior Features
- Cooling Central AirElectric
- Heating CentralElectric
- Flooring Linoleum
- Interior Cathedral Ceilings
Exterior Features
- Exterior Sprinkler IrrigationPatioShedWorkshop
- Patio And Porch Patio
Community Features
- Association Dues 25