Commercial Sale · Retail
708 US 27 S, LAKE PLACID, FL, 33852
Active73 days on marketListed May 18, 2026MLS #L4961986
About this property
The property at a glance
Prime Retail(4650SF) / Storage Facility(30 Units) On US 27 & Wirick Rd Lake Placid @ Only $150 / Sq.Ft(Bld w/Lnd) for Fast Sale! Significantly below replacement value(up to 1/2 price). This commercial property consists of 4 structures, containing the addresses: 708 - 714 US 27 S, Lake Placid. The front building facing US 27 is a 4650 SF Retail Building with 4 store fronts. This building can be used as 1 space or divided into 4 individual spaces. There are 3 buildings at the back with access from Wirick Rd - which consists of 30 Mini Storage Units. There is also an upside potential of adding more storage units or adding RV/Boat storage at the back of the building. The storage units are secured with a 6-foot-high chain link fence and a locking gate. Currently all rents are below market. There are 21 parking spaces in the front with additional parking in the rear. Must sign a CA to receive any additional information. This is an ideal facility for a user/ business owner to occupy the space you need for your growing business while leasing the balance for additional income to go with your appreciation of increasing potential values.
9,650
Building sq ft
$88
Price / sq ft
0.78
Lot acres
1979
Year built
1
Building
C1
Zoning
Retail
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$4,823/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
21,630
Population
$54,841
Median income
54.8
Median age
2.16
Avg household
$205,800
Median home value
$1,063/mo
Median rent
1,979
Households w/ kids
Recent sales
What actually sold near 708 US 27 S
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$2,000,000
800 US 27 S
21,875 sqft · $91/sqft · Sold Oct 6, 2025
$200,000
102 WASHINGTON BOULEVARD
3,160 sqft · $63/sqft · Sold Aug 15, 2025
$250,000
1174 US 27 N
1,597 sqft · $157/sqft · Sold Jun 16, 2026
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 708 US 27 S — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 708 US 27 S.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Listing courtesy of ADVANTAGE REALTY 1 · Gregory Karlson. MLS #L4961986.
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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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