517 Us 27 Highway, Lake Placid, FL 33852

$2,500,000
29
BD
25
BA

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List Price
$2,500,000
Price Change
▼ $450,000 1784702423
MLS#
324399
Bedrooms
29
Baths
25
Acres
1.85
Year Built
1960

Property Description

Prime investment opportunity on highly visible Highway 27 in Lake Placid! This 29-room property is currently operating as H2A housing and offers strong income potential with the capacity to accommodate up to 130 occupants. The building features a durable metal roof and has been updated with new split-unit HVAC systems in every room, providing efficient and comfortable climate control throughout. With excellent highway frontage and easy access, this property is ideal for continued workforce housing, hospitality conversion, or other income-producing uses. Its large occupancy capacity and recent upgrades make it a turnkey opportunity for investors seeking immediate cash flow in a growing area. Don’t miss your chance to own a versatile, high-demand property in a prime location!

Additional Information

Style
One Story
Construction
Block, Concrete
Cooling
Central Air, Electric
Heating
Central, Electric

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty Fort Myers and the Islands.