3603 PLACID LAKES BOULEVARD at

3603 PLACID LAKES BOULEVARD

For sale Days on market 445

$1,850,000

$617/sq ft

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Overview

Year Built

1967

Sqft

3000

Property Type

Business

Property 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!

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

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