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1 Triangle Park
Lake Placid, FL 33852

$795,000 USD

Auto Repair For Sale  •  2,875 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 2,875 SF
  • Lot Size 0.33 AC
  • Building Class C
  • Year Built 1976
  • Tenancy Single
  • Zoning C2
0 Transit Score
56 Walk Score

Description

Prime Property Features:

SELLER FINANCING OPTION! SELLER IS WILLING TO FINANCE THE PURCHASE TO A QUALIFIED BUYER THAT WOULD REQUIRE A $250,000 DOWN PAYMENT.

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!

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

Property Flyers

Financial Summary

Total Expenses: $0 USD

Amenities

  • Corner Lot
  • Signage
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Storage Space
  • Monument Signage
  • Air Conditioning

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 25
Type: Surface
Included in Rent: Yes
Rich Sotis 305-304-3356 Automotive Point Sales & Service
Rich Sotis 305-304-3356 Automotive Point Sales & Service