123 Us 27 N, photo 1
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Overview

0 baOther
TypeOther
HOANone listed
Lot12,000 sqft

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

123 Us 27 N is a home in East Side Add, Lake Placid.

From the listing

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.

The essentials

On market
138 days
Annual tax
$1,321
Lot
12,000 sqft
Type
Other

At a glance

Payment

Est. monthly payment
$2,967/mo
Down payment (20%)
$99,980
Property taxes
$110/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Other
Year Built
-
Lot
12,000 sqft
Cooling
-
Heating
-
Parking
-
Days on Market
138
Annual Tax (2025)
$1,321

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
East Side Add
County
Highlands
Lot Size
12,000 sqft

Price history

Date
Event
Price
6/3/2026
Listed for sale
Source: Stellar MLS #L4962444
$499,900

Neighborhood

123 Us 27 N
Lake Placid, FL, 33852

Market insights

Offer Insights

Choose an offer strength

List price: $499,900
$462,500 – $499,900
92.6% – 100% of listTops out right at the list price
80% of listList price
34 of the last 67 home closings in 33852 landed at this number or higher (51%). The median one sat 51 days before it went under contract, and this one is on day 138.

Sample: 67 closed home sales in 33852 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$2,967/mo
Principal & interest$2,607
Property taxes$110
Insurance$250
Down payment20% · $99,980
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$499,900

Time on market

138 days

Monthly payment

About $2,967/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $1,321 annual tax bill, insurance.

Offer

What should I offer?

Have another question?

Brokered byADVANTAGE REALTY 1Listing agent: Gregory KarlsonListing data from Stellar MLS, MLS# L4962444.

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