Lake & Land Myers Realty
Harelis Santis, Lake & Land Myers Realty Phone: (954) 579-1014
Email: [email protected]

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listing
1 of 30
Business OpportunityFor Sale
$1,850,000
3603 Placid Lakes Boulevard
Lake Placid, FL 33852
Courtesy of Mary C. Birge - Advantage Realty #1
MLS: Heartland (Seabring, Florida) MLS
Est. Mortgage
$9,649/mo

18 Hole Golf Course with Restaurant, Golf Shop & Maintenance Facility with Equipment all on 139+-Acres priced at Only $12,949 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!

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Information courtesy of Advantage Realty #1 is subject to verification and is not guaranteed.
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