1 Triangle Park - Auto Repair FOR SALE


Lake Placid, FL 33852
$795,000 USD
305-304-3356
1 Triangle Park, Lake Placid, FL for Sale
$795,000 USD
Auto Repair - FOR SALE
1/21
null | Request Cap Rate

1 Triangle Park
Lake Placid, FL 33852


HIGHLIGHTS

  • No State Income Tax! Investor/Owner/User Automotive Repair Sls & Service 20+ Yrs in Business + SELLER FINANCING OPTION!
  • .334 AC of Real Estate comes with this Very Profitable Business with 5 Service Bays 3 with lifts
  • Minutes from Downtown Lake Placid FL Corner lot with large area of fenced in storage ground
  • Property near several large lakes. Very busy during the "on season" Great year around demographics
  • 3 Roll up doors and 3 compressors are part of the sale.
  • Property Taxes 2023 $2.145.25

OVERVIEW

Own a Profitable Business & Real Estate for a Reduced Price of Only $795,000 in Sunny Florida! Are you tired of the SNOW and looking to invest in your own business in the Sunshine State? Look no further! This Very Profitable, 20+ Year Quality Established Business in Lake Placid, Florida, is a fantastic opportunity. Averaging approximately $500,000 in Gross Sales Annually, this business is situated in a rapidly growing area surrounded by beautiful lakes, offering both a lucrative investment or perfect for the owner/user and a wonderful lifestyle. SELLER FINANCING OPTION! SELLER IS WILLING TO FINANCE THE PURCHASE TO A QUALIFIED BUYER THAT WOULD REQUIRE A $250,000 DOWN PAYMENT. Prime Property Features The property includes a 2,440 SF building featuring multiple service bays: an indoor service bay with 2 lifts (840 SF), an additional indoor service bay (560 SF), an outdoor service bay with a lift,15’ high (600 SF), and another outdoor service bay 14’ high (280 SF). The premises also boasts an open reception area (480 SF) and a sales area with backroom storage and mezzanine (560 SF). With three roll-up doors, three compressors, and one portable generator, the building is well-equipped for business operations. The exterior wall is C.B. stucco, the roof was replaced approximately 4 years ago, and the HVAC system is electric and forced air ducted. Strategic Location & Attractive Site Located at the busy intersection of Tower Street and CR 621 E, this property offers excellent frontage road exposure (169’ & 239’ linear feet). The 0.334-acre lot (14,554 SF) is zoned Commercial and includes 25 parking spaces with surface ground parking. Fenced-in surface storage adds to the site's utility. This prime location is just minutes from downtown Lake Placid. This site benefits from a growing population and favorable demographics: within a 1-mile radius, the population is 3,077 with a median age of 43.7 and an average household income of $59,006. Within a 3-mile radius, the population grows to 11,279 with a median age of 57 and an average household income of $66,697. Within a 5-mile radius, the population reaches 18,412 with a median age of 57 and an average household income of $65,508. Home values are also robust, averaging $200,159 within 1 mile, $225,744 within 3 miles, and $236,417 within 5 miles. The property taxes for 2023 were $2,145.25. Don’t miss this rare opportunity to own a successful business and valuable real estate in the heart of Sunny Florida!

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$277 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Automotive Point Sales & Service

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,553 SF

ZONING

C2

APN/PARCEL ID

P-31-36-30-120-0000-00A0

ASK ABOUT THIS PROPERTY

Rich SotisAutomotive Point Sales & ServiceMore Info
305-304-3356

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Rich SotisAutomotive Point Sales & ServiceMore Info
305-304-3356

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.