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Multi Family - for Sale

1346 US 27 N, LAKE PLACID, FL 33852

Asking Price$4,700,000 Change Price$1,450,000

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  • Days on market:

    265 day(s)
  • Original Price:

    $3,250,000
  • Price per sqft:

    $596.9
  • Tax Legal Description:

    A 10.08 ACRE TR ON SW R/W OF US HWY 27 SE OF TOMOKA HTS SEC 1 + 575 FT N OF TOMOKA BLVD SOUTH LESS A 20 X 196.75 FT STRIP IN SE COR AND A 20 X 197.4 FT STRIP ON NW SIDE OF LOT 1 TOMOKA HTS PROF PARK PB 15 PG 81 25-36-29/7-3 10.07 ACRES
  • Tax Year:

    2023
  • Property Type:

    Multi Family
  • Parking:

    Over 30 Spaces
  • Construction Type:

    Other
  • Cooling Description:

    Central Air
  • Special Listing Conditions:

    None

Description

$4,700,000 • living size area 7874 sqft

Over 10 acres of prime us highway 27 frontage. three existing buildings w/ total of 7874 sq ft, built as model homes for neighboring gated community, previously used as medical offices and maintained in good, clean condition, with 40 paved parking spaces as currently configured. advent health hospital, medical offices and health & rehabilitation center adjacent to the south. upscale, gated tomoka heights community adjacent to the north and west. 1/5 mile highway frontage, opposite the expected amazon fulfillment center. dedicated highway crossover with deceleration lanes in both directions. private road south to hospital and s. tomoka boulevard, which is expected to be extended across us 27 to the amazon property, complete with signalized intersection. existing r3 zoning permits - among many other uses - medical and professional offices, single and multi-family housing, apartments, condos, hotels/motels and assisted living/nursing care. seven additional acres zoned b3 available directly across the highway. this is ground zero not only for medical facilities, but for the boom expected to accompany the progress of the amazon fulfillment center with its concomitant effect on surrounding property availability and value. as the amazon facility progresses, its employees need housing and ancillary industries and businesses seek a foothold, the owner of this property will be in a most enviable position. seize this opportunity now, before its price reflects its surroundings and its potential!
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