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1994-2004 PLACID LAKE Blvd
Lake Placid, FL 33852

Placid Lakes Plaza - Lake Placid, FL · Retail Property For Sale

Investment Highlights

  • Gas Station Tenant With a 20-Year Absolute Triple Net (NNN) Lease as the Anchor Tenant, Providing a Stable & Long-Term Income Stream
  • Opportunity to Convert Gross Leases to NNN and Extend Current Terms to Maximize Profitability
  • Located in the Income Tax-Free State of Florida, Offering a Favorable Financial Environment For Investors
  • Four (4) of the Five (5) Units Are Fully Occupied, With Flexible Leases Below Market Rent, Offering Immediate Cash Flow
  • Expansive Property Spanning Over 5 Acres, Providing Ample Room For Expansion and Development, Contributing to Increased Cash Flow
  • C-Stores Have the Potential to Qualify For Bonus Depreciation; Please Consult Your Tax Attorney or CPA to Discuss This Further

PROPERTY FACTS

Property Type
Retail
Property Subtype
Supermarket
Building Size
6,280 SF
Building Class
C
Year Built
1977
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
5.07 AC
Zoning
B2
Parking
65 Spaces (10.35 Spaces per 1,000 SF Leased)
Frontage
248 FT on Placid Lake Blvd

Amenities

  • Pylon Sign

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
C-14-37-29-090-00B0-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$448,309
  • Listing ID: 30278653

  • Date on Market: 12/4/2023

  • Last Updated:

  • Address: 1994-2004 PLACID LAKE Blvd, Lake Placid, FL 33852

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