1994-2004 PLACID LAKE Blvd | Lake Placid, FL 33852
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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
Building Size
6,280 SF
Building Class
C
Year Built
1977
Tenancy
Multiple
Number of Floors
1
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
| Parcel Number | C-14-37-29-090-00B0-0000 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £353,133 |
PROPERTY TAXES
Parcel Number
C-14-37-29-090-00B0-0000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£353,133
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