Listed by Advantage Realty #1
$1,850,000
3603 Placid Lakes Boulevard
Details
APN C14372911200d00000
Property Type Land
Sub Type Commercial
Square Footage 3,000
Year Built 1967
Acreage 134.090
Zoning AU
Parking Spaces 35 spaces
Parking Per SqFt 11.67
Land | 134.09 acres
Marketing description
Former 18 Hole Golf Course with Restaurant, Golf Shop & Maintenance Facility all on 139+-Acres priced at Only $12,589 per acre for Fast Sale /Offering Tremendous Upside Potential to develop 1/2 of the course into 201+-Homesites Plus 48 Unit Townhomes on 4 acres (on restaurant site). The restaurant with liquor license is leased. Past income of this business produced 8% Cap Rate 2021 & 9% Cap Rate 2022. This course is the Only Golf Course in Lake Placid. Allocation of values / Proforma Metrics: Restaurant, $400,000; 9-hole golf course @ $4,779 +/- per acre, $325,000; 67 acres with 201 homesites+48 Townhomes at $4,117 per homesite/unit, $1,025,000. Do Not Disturb restaurant tenant! Sale is confidential and buyer Must sign confidentiality agreement before showings & getting detail package
Listing Contacts
Listed by Advantage Realty #1
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Zoning
AU AgricultureAgricultural
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 70 uses
View all 70 uses Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
