Discover an Unmatched Development Opportunity in Downtown Lake Placid, FL 57.5 Acres of Prime Land
Take advantage of a rare chance to develop a property with immense potential, strategically located in the heart of downtown Lake Placid. This 57.5-acre property sits on the highest elevation in the area, offering a prime canvas for both commercial and residential projects. With established water and 3-phase electric services from Duke Energy and a streamlined city approval process, this property is set to stand out as one of the most valuable and versatile rural opportunities in Florida.
Key Property Highlights:
Prime Location: Centrally located on Highway 27 in downtown Lake Placid, featuring 1,000 feet of highway frontage with approximately 40,000 cars passing daily.
Recreational & Cultural Appeal: Surrounded by lakes and the towns famous historical murals, Lake Placid is a popular d...
Recreational & Cultural Appeal: Surrounded by lakes and the towns famous historical murals, Lake Placid is a popular destination for both locals and tourists.
Usable Land Quality: High, dry, and entirely usable acreage ideal for diverse development.
Central Accessibility: Positioned in the heart of Florida, providing easy access to both coasts and drawing a wide range of visitors.
Property Details:
Commercial Land: 18.84 acres zoned Commercial-General (CG), with flexible zoning to align with your project vision.
Residential Land: 38.71 acres zoned Low Medium Density Residential (LMDR), also with adaptable zoning options.
Total Acreage: Approximately 57.5 acres.
Infrastructure: Established city water, irrigation well access from Saddlebag Lake, and 3-phase electric service.
Tax Benefits: No city or county taxes until property approval and construction begin, enabling a cost-effective development process.
Lakefront Potential: 1,000 feet of frontage on Saddlebag Lakeideal for adding amenities like restaurants, retail spaces, or lakeside recreational areas.
Expansion Potential: The seller is open to discussions for an additional 20 acres just south of the property, along with 7.43 acres on Saddlebag Lake, offering further development possibilities.
Unparalleled Development Potential: Lake Placids natural beauty and central location make this property a visionary developers dream. Positioned at the states core, it grants convenient access to both Florida coasts and is poised to capture the interest of a large portion of Floridas 140 million annual visitors. With 15 million people within a two-hour drive, this property is an ideal foundation for transformative projects that will shape the areas future.