Overview
- Business, Commercial Sale
- 3000
- 1967
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!
Address
Open on Google Maps- Address 3603 PLACID LAKES BOULEVARD
- City Lake Placid
- State/county FL
- Zip/Postal Code 33852
- Country US
Details
Updated on June 24, 2026 at 4:42 pm- Property ID: HZMFRL4949447
- Price: $1,850,000
- Property Size: 3000 Sqft
- Land Area: 134.09 Acres
- Garage Size: x x
- Year Built: 1967
- Property Type: Business, Commercial Sale
- Property Status: Active, For Sale
Additional details
- Listing Terms: Cash,Owner Financing
- Cooling: Central Air
- Heating: Central
- Flooring: Linoleum
- County: Highlands
- Property Type: Commercial Sale
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