3603 PLACID LAKES BOULEVARD at

3603 PLACID LAKES BOULEVARD

For sale Days on market 282

$1,750,000

$583/sq ft

$100,000
Price Decreased

показать похожие

3603 PLACID LAKES BOULEVARD

For sale Days on market 282

$1,750,000

$583/sq ft

$100,000
Price Decreased

Overview

Year Built

1967

Sqft

3000

Property Type

Business

Property 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!

Property Details

MLS#

L4949447

Total Floor in Bldg

Address

3603 PLACID LAKES

City

Lake Placid

State/county

Zip/Postal Code

33852

Area

Placid Lakes Sec 11 Rep

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$4,341

Maint Fee

$--

Tax Year

2023

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. © MIAMI Association of REALTORS®, all rights reserved.