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517 Us-27 26,029 SF Health Care Building Offered at $4,293,469 CAD in Lake Placid, FL 33852
Investment Highlights
- Motel
- Highway Frontage
- Multi Family
Executive Summary
Prime investment opportunity on highly visible Highway 27 in Lake Placid! This 29-room property is currently operating as H2A housing and offers strong income potential with the capacity to accommodate up to 130 occupants. The building features a durable metal roof and has been updated with new split-unit HVAC systems in every room, providing efficient and comfortable climate control throughout. With excellent highway frontage and easy access, this property is ideal for continued workforce housing, hospitality conversion, or other income-producing uses. Its large occupancy capacity and recent upgrades make it a turnkey opportunity for investors seeking immediate cash flow in a growing area. Don’t miss your chance to own a versatile, high-demand property in a prime location!
Property Facts
| Price | $4,293,469 CAD | Building Size | 26,029 SF |
| Price Per Bed | $33,027 CAD | No. Beds | 130 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Health Care | Year Built | 1960 |
| Property Subtype | Assisted Living | Tenancy | Single |
| Building Class | C | Parking Ratio | 2.31/1,000 SF |
| Lot Size | 1.84 AC | ||
| Zoning | B3 | ||
| Price | $4,293,469 CAD |
| Price Per Bed | $33,027 CAD |
| Sale Type | Investment |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 1.84 AC |
| Building Size | 26,029 SF |
| No. Beds | 130 |
| No. Stories | 1 |
| Year Built | 1960 |
| Tenancy | Single |
| Parking Ratio | 2.31/1,000 SF |
| Zoning | B3 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | P-31-36-30-080-00F0-0000 | Improvements Assessment | $692,503 CAD |
| Land Assessment | $312,800 CAD | Total Assessment | $1,005,303 CAD |
Property Taxes
Parcel Number
P-31-36-30-080-00F0-0000
Land Assessment
$312,800 CAD
Improvements Assessment
$692,503 CAD
Total Assessment
$1,005,303 CAD
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517 Us-27
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