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346 E Royal Palm Street

Lake Placid, FL 33852
  • $1,200,000
  • STATUS: Active
  • ON SITE: 593 Days
  • MLS #: 306742
UPDATED: 84 min ago
$1,200,000
  • 0
    BEDS
  • 0.9
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1996
County:
Area:

School Ratings & Info

Description

Prime US-27 commercial/medical building in the heart of Lake Placid, Florida with excellent highway visibility, monument signage, and full median turn access. This 6,248± SF former physical therapy facility sits on approximately 0.90 acres and offers an efficient mostly open floor plan that can be easily reconfigured for a variety of medical or professional uses including urgent care, dental, imaging, veterinary, specialty clinic, wellness center, or professional office. The property features ample paved parking, strong daily traffic counts on US-27, and established site recognition with over 20 years of medical use at this location. Offered at approximately $190–$200 per SF, this property is priced significantly below replacement cost, creating an excellent opportunity for an owner-user, investor, or medical group seeking a high-visibility location in Highlands County. Building improvements include a newer roof (approx. 6 years), newer HVAC systems, and resealed parking. The current open layout allows new users to easily customize interior buildout. Available for purchase at $1,200,000 or lease at $16 PSF gross. Owner will consider lease-purchase structure for qualified users. Excellent opportunity for medical or professional users seeking highway exposure with direct access and monument signage on US-27.

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© 2026 Heartland Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Heritage Group. Data last updated: 2026-03-12T23:42:35.627.
www.flheritagegroup.com/homes/153031546
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346 E Royal Palm Street Lake Placid, FL 33852

  • Price: $1,200,000
  • Status: Active
  • On Site: 593 Days
  • Updated: 84 min ago
  • MLS #: 306742
0
Beds
0
Baths
0
½ Baths
0.9
Acres
1996
Built
County:
Highlands
Area:
Highlands
Property Description
Prime US-27 commercial/medical building in the heart of Lake Placid, Florida with excellent highway visibility, monument signage, and full median turn access. This 6,248± SF former physical therapy facility sits on approximately 0.90 acres and offers an efficient mostly open floor plan that can be easily reconfigured for a variety of medical or professional uses including urgent care, dental, imaging, veterinary, specialty clinic, wellness center, or professional office. The property features ample paved parking, strong daily traffic counts on US-27, and established site recognition with over 20 years of medical use at this location. Offered at approximately $190–$200 per SF, this property is priced significantly below replacement cost, creating an excellent opportunity for an owner-user, investor, or medical group seeking a high-visibility location in Highlands County. Building improvements include a newer roof (approx. 6 years), newer HVAC systems, and resealed parking. The current open layout allows new users to easily customize interior buildout. Available for purchase at $1,200,000 or lease at $16 PSF gross. Owner will consider lease-purchase structure for qualified users. Excellent opportunity for medical or professional users seeking highway exposure with direct access and monument signage on US-27.
Exterior Features

Architectural Style One Story Construction Materials Block Concrete Stucco Exterior Features Sprinkler / Irrigation Parking Features Paved Roof Rolled / Hot Mop Window Features Casement Window(s)

Interior Features

Building Area Total 6248 Cooling Central Air Electric Cooling YN Yes Heating Central Electric Heating YN Yes Levels One

Property Features

Association YN No Frontage Length 202 Listing Terms Cash Conventional Lot Features Corner Lot Property Condition Good Condition Property Sub Type Commercial Property Sub Type Additional Commercial Road Surface Type Paved Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 13076.36 Tax Year 2023 Water Source Public Zoning Description C1

Listing provided by ADVANTAGE REALTY #1: 863-386-0303: 863-386-0303.


© 2026 Heartland Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Heritage Group. Data last updated: 2026-03-12T23:42:35.627.
 
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