26
  • Property Type
  • Business, Commercial Sale
  • 3000 Sqft
  • Area Size

3603 PLACID LAKES BOULEVARD, Lake Placid, FL 33852

  • $1,750,000
  • $1,850,000

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: 3603 PLACID LAKES BOULEVARD
  • City: Lake Placid
  • State/county: FL
  • Zip/Postal Code: 33852
  • Country: US

Details

Atualizado em março 27, 2026 no 4:29 pm
  • Property ID L4949447
  • Price $1,750,000
  • Property Size 3000 m²
  • Land Area 134.09 m²
  • Garage Size x x
  • Year Built 1967
  • Property Type Business, Commercial Sale
  • Property Status Active, For Sale

Additional details

  • Listing Terms Cash,Conventional,Owner Financing
  • Cooling Central Air
  • Heating Central
  • Flooring Linoleum
  • County Highlands
  • Property Type Commercial Sale

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