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614 US 27 S

Commercial Recently Sold
$1,029,000

BTC: 11.83645539

ETH: 328.08838299

Sold on: 2024-07-22
2 days
0 room(s)
7,840 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Exceptional Commercial Opportunity! This 11,760+/- SF prime retail space is situated in the most lucrative business hub of Lake Placid. A Pro Forma Cap Rate of 7.5%, this currently vacant facility was previously utilized as a motor sports sales center, catering to renowned brands such as Honda, Yamaha, Polaris, and more. This property boasts a substantial 7,600+ SF showroom with generous 11ft ceilings, two private cubicle offices, and two public restrooms. Towards the rear of the premises, you'll find a spacious 3,354+/- SF workshop, complete with a service manager's office, break room, security room, and a private 10x16 manager's office. The convenience of 9x9 roll-up doors at both the front and back ensures effortless access for vehicles, deliveries, and more. Behind the building is approximately 10,000sf +/- gated and fenced paved yard for storage, big repairs and/or deliveries with direct access via Wirick Rd. This versatile space is not limited to motor sports; it's an ideal location for a golf cart store, distribution center, or automotive sales and service. Moreover, the property can be customized to suit various business needs, such as urgent care facilities, professional offices, and much more. Don't miss out on this incredible commercial opportunity in a highly sought-after business district! Owner financing available with 25% down.

Location

Facts and features

Type:
Commercial Sale
Parking:
19 to 30 Spaces
Year Built:
1984
Lot:
0.89 Acres
Heating:
No Data
Price/sqft:
$140
Cooling:
Central Air / Zoned
HOA:
No Data
All facts and features
  • Cooling

    • Central Air

    • Zoned

  • Parking

    • 19 to 30 Spaces

    Lot

    • Lot: 0.89 Acres

    Other Property Information

    • Parcel Number: P063730A0000670000

    • Zoning: C1

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Retail

  • Other financial information

    • Annual tax amount: $11,717

  • Source details

    • MLS ID: L4945106

    Other facts

    • Construction Materials: Block / Concrete / Stucco

    • Foundation Details: Slab

    • Lot Features: City Lot / Interior Lot

    • Living Area: 7840

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: ADVANTAGE REALTY 1