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3603 Placid Lakes Blvd - Placid Lakes Country Club Golf Course 134.09 Acres of Commercial Land Offered at $2,562,491 CAD in Lake Placid, FL 33852

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Investment Highlights

Golf course In Resort Community of Lake Placid, FL with Upside Potential:9hole/201+-homesites+48+-apts!
Prime Residential Investment/Development Upside Potential in Growing Rural Heartland Community/ThePlayground of Coastal Cities!

Placid Lakes Country Club Golf Course:18 holes with Restaurant(lease) & Tennis Courts/Upside potential!

Offering Memorandum -3603 Placid Lakes (2) (1)

Property Facts

Price	$2,562,491 CAD	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Apartment Units Health Club Hold For Development Hold For Investment Single Family Development
No. Lots	1	Total Lot Size	134.09 AC
Property Type	Land
Zoning	Ag/R-3 - 134ac Golf course itself is zoned Ag/MediumDensity Res(3+-Units/Acre)See Upside potential plan-67ac 9hole GC/201+-unit res dev; 5+-acre Restaurant R3

Price	$2,562,491 CAD
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Apartment Units Health Club Hold For Development Hold For Investment Single Family Development
Total Lot Size	134.09 AC
Zoning	Ag/R-3 - 134ac Golf course itself is zoned Ag/MediumDensity Res(3+-Units/Acre)See Upside potential plan-67ac 9hole GC/201+-unit res dev; 5+-acre Restaurant R3

1 Lot Available

Lot

Price	$2,562,491 CAD	Lot Size	134.09 AC
Price Per AC	$19,110.23 CAD

Price	$2,562,491 CAD
Price Per AC	$19,110.23 CAD
Lot Size	134.09 AC

REV OF RESUB OF PORTION OF SEC 11 PLACID LAKES 8/77 TRACT D -GOLF COURSE- 139+- ACRES

Description

Former 18 Hole Golf Course with Restaurant, Golf Shop & Maintenance Facility all on 139+-Acres priced at Only $13,310 per acre for Fast Sale /Offering Tremendous Upside Potential! Open it all back up or explore many alternative potential uses. All Subject to Approvals of course. The restaurant with liquor license is leased. Past income of this business produced was 8% Cap Rate 2021 & 9% Cap Rate 2022. This course is the Only Golf Course in Lake Placid. Allocation of values: Restaurant, $400,000(4+-acres) then 134+-acres @ $10,486 per acre(w/valuable wells,pumps/barn), 3 residential lots($45k) Do Not Disturb restaurant tenant! Sale is confidential and buyer Must sign confidentiality agreement before showings & getting detail package of information!