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3603 Placid Lakes Boulevard, LAKE PLACID, FL 33852
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3603 Placid Lakes Boulevard
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  • MLS#: L4949447 ( Commercial Sale )
  • Street Address: 3603 Placid Lakes Boulevard
  • Viewed: 43
  • Price: $1,850,000
  • Price sqft: $617
  • Waterfront: No
  • Year Built: 1967
  • Bldg sqft: 3000
  • Days On Market: 197
  • Additional Information
  • Geolocation: 27.2583 / -81.4025
  • County: HIGHLANDS
  • City: LAKE PLACID
  • Zipcode: 33852
  • Subdivision: Placid Lakes Sec 11 Rep
  • Provided by: ADVANTAGE REALTY 1
  • Contact: Gregory Karlson
  • 863-386-1111
  • mfrmls
  • DMCA Notice
  • Description
    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!
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Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Flooring
  1. Linoleum
Garage Spaces
  1. 0.00
Heating
  1. Central
Insurance Expense
  1. 0.00
Legal Description
  1. REV OF RESUB OF PORTION OF SEC 11 PLACID LAKES 8/77 TRACT D -GOLF COURSE- 134 ACRES
Living Area
  1. 3000.00
Area Major
  1. 33852 - Lake Placid
Net Operating Income
  1. 0.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. C-14-37-29-112-00D0-0000
Possession
  1. Close Of Escrow
Property Type
  1. Commercial Sale
Road Frontage Type
  1. City Street
Tax Year
  1. 2023
Township
  1. 37S
Views
  1. 43
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/L4949447
Year Built
  1. 1967
Zoning Code
  1. AU
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