
123 US 27 N, LAKE PLACID, FL 33852
EAST SIDE ADD · Highlands County
Key Facts
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
Sewer
Water Source
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
Map is currently unavailable for this location.
Points of Interest in LAKE PLACID, FL
Showing the LAKE PLACID area map.
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1945 SW SR 247 (01), Lake City, FL | $350,000 | — | — | — |
| 2916 SW ICHETUCKNEE AVENUE, LAKE CITY, FL | $350,000 | 4 | 3 | 2,452 |
| 795 SE BALD EAGLE Loop, Lake City, FL | $350,000 | 4 | 3 | 2,338 |
| 1563 SW CENTURY GLN (LOT 2), Lake City, FL | $350,000 | — | — | 150 |
| 12 HEARTLAND DRIVE, LAKE PLACID, FL | $350,000 | — | — | — |
| 1348 MELROSE STREET, LAKE ALFRED, FL | $350,000 | 4 | 3 | 2,056 |
Moving Cost Estimate
EXIT Agents in LAKE PLACID
Listing Courtesy: ADVANTAGE REALTY 1 - 863-386-1111
Last Updated: 2026-06-03














