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!
Address
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Address: 3603 PLACID LAKES BOULEVARD
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City: Lake Placid
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State/county: FL
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Zip/Postal Code: 33852
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Country: US
Details
Atualizado em março 27, 2026 no 4:29 pm-
Property ID L4949447
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Price $1,750,000
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Property Size 3000 m²
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Land Area 134.09 m²
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Garage Size x x
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Year Built 1967
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Property Type Business, Commercial Sale
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Property Status Active, For Sale
Additional details
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Listing Terms Cash,Conventional,Owner Financing
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Cooling Central Air
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Heating Central
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Flooring Linoleum
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County Highlands
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Property Type Commercial Sale
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