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123 US 27 N, LAKE PLACID, FL 33852

EAST SIDE ADD · Highlands County

Key Facts

0.28Lot (acres)

Description

Prime Highway Commercial Opportunity – Nearly Build-Ready Retail Site in the Heart of Lake Placid Position your brand in one of Lake Placid’s fastest-growing retail corridors. This high-visibility US 27 commercial site is surrounded by established national franchises and major traffic drivers including Dunkin’, T-Mobile, Tractor Supply, Save-A-Lot, Dollar Tree, Beef ‘O’ Brady’s, Anytime Fitness, and the upcoming Culver’s development — creating a powerful retail synergy and built-in customer flow. This C-1 zoned commercial parcel is uniquely positioned for franchise operators, developers, and retail users seeking a near shovel-ready opportunity with significant upfront development work already completed. The property includes previously approved plans for a ±3,200 SF restaurant/retail building, along with survey, utility planning, and sewer engineering already in place. A Florida DEP permit has already been issued for the wastewater collection/transmission system improvements, including lift station and force main infrastructure — dramatically reducing development timelines and helping accelerate the path to construction. Why Franchise Site Selectors Should Move Quickly: Prime frontage and visibility on busy US Highway 27 Co-tenancy with nationally recognized retailers and restaurants Strong demographic growth and regional draw area Utilities and sewer planning substantially advanced Existing permitted site/building plans save valuable time and costs Limited availability of franchise-ready commercial parcels in this corridor Central Highlands County location with access to Tampa, Orlando, Sarasota, and South Florida markets Whether you envision quick-service restaurant, medical, retail, specialty food, or service-oriented commercial use, this site offers a rare combination of location, momentum, and development readiness that is increasingly hard to find in today’s market. Opportunities with this level of entitlement progress and surrounding franchise momentum are becoming scarce — secure your position before the next national brand does.

Property Information

Property Type

Land

Lot Size

0.28 acres

Lot Dimensions

50x120

Ownership

Fee Simple

Zoning

C1

MLS® Listing#

L4962444

Property Features

Utilities

Other

Sewer

Public Sewer

Water Source

Public

Financial Details

Annual Taxes

$1,321

Tax year 2025

Parcel Number

P-31-36-30-040-0000-0100

Directions

from Hammock Rd, Head South on US Hwy 27 to Lake Placid, FL, Property on left next to LP Dunkin

Affordability Calculator

$99,980

Estimated monthly payment

$2,661/mo

Principal $399,920 · Est. interest $557,924 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in LAKE PLACID, FL

$341,842
Median Listing Price
83
Median Days on Market
1,620
Median Sq Ft
$203
Median Price / Sq Ft
2,457
Active Listings
  • This home’s price is 46% above the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in LAKE PLACID, FL.

Location

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Listing Courtesy: ADVANTAGE REALTY 1 - 863-386-1111

Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2026 MLS GRID. All Rights Reserved.

Last Updated: 2026-06-03

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by Lakeland. MLS® Listing#L4962444. © 2026EXIT Realty®. All rights reserved.