Home » Properties » 346 E Royal Palm Street, Lake Placid FL 33852

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Commercial Medical Facility for Sale in Lake Placid, FL

6200 sqft medical facility with prime US 27 Hwy exposure in Lake Placid, FL. Well-maintained and ready for new use.

$1,200,000

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MLS #F10453688

Listing Updated: 2026-07-16 18:42:11

Listed By: Advantage Realty #1

Overview

This 6200+-square-foot commercial medical facility located at 346 E Royal Palm Street in Lake Placid offers excellent visibility with prime exposure on US 27 Highway. Built in 1996, the property was previously used as a physical therapy center and benefits from 20 years of site recognition. The building is well maintained, featuring a roof only six years old and an air conditioning system replaced about a year ago. The parking area has been resealed recently. With an average daily traffic count of 20,400, this location provides significant exposure and accessibility. The property is currently vacant, offering flexibility for various medical or commercial uses.

Property Highlights

6200 sqft medical facility, prime US 27 Hwy exposure, built 1996, roof 6 years old, new A/C, resealed parking, 20,400 daily traffic count, vacant

Property Details

City: Lake Placid

State: FL

Zip Code: 33852

Address: 346 E Royal Palm Street, Lake Placid FL 33852

Year Built: 1996

Property Type: Commercial Sale

Property Sub Type: Commercial

Listing Office Name: Advantage Realty #1

County: Highlands County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $13,076

Days On Market: 724 Days

Original Listing Description

6200+-SF Medical Finished Facility (Previously Physical Theropy) w/ Prime US 27 Hwy Exposure at Full Median Turn Lake Placid, FL.! Use as your Physical Theropy Facility with 20 years of Site Recognition. Average Daily Traffic Count is the highest in Lake Placid 20,400. Don't miss out on this turn key medical property/ opportunity! Priced to sell at only $194 per sq/ft substantially less than it's replacement value and is well maintained with roof only 6 years new, A/C also 1+-year new, resealed parking, etc. Cora Physical Theropy tenant is moving so subject property is being sold as vacant.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

346 E Royal Palm Street, Lake Placid FL 33852

About This Neighborhood

Situated in Lake Placid, this property benefits from a community known for its small-town charm and accessibility to regional hubs. The area around US 27 is a commercial corridor with various businesses, providing convenience and visibility. Lake Placid’s supportive local economy and steady traffic make this location practical for medical and commercial enterprises seeking a well-recognized site with established infrastructure.

Walkability & Lifestyle

The property’s location on US 27 provides easy access to nearby restaurants, shops, and services, contributing to daily convenience. While primarily a commercial corridor, Lake Placid features walkable areas with local amenities and community spaces. Residents and workers benefit from proximity to parks and recreational spots, enhancing lifestyle options beyond business hours.

Things To Do Nearby

Lake Placid offers various recreational and cultural activities, including parks, lakes, and local events. The area’s natural surroundings provide opportunities for outdoor activities such as fishing, boating, and hiking. Nearby dining and entertainment options cater to diverse tastes, making it a balanced location for work and leisure.

Nearby Schools

Lake Placid offers access to a range of educational institutions within reasonable distance, supporting families and professionals relocating to the area. While this property is commercial, proximity to schools enhances community appeal and convenience for employees and clients alike. The local school system contributes to the overall desirability of the neighborhood.

Why Buyers Like This Area

Buyers appreciate this property for its strategic location on a heavily trafficked highway, well-maintained condition, and flexibility for medical or commercial use. The established site recognition and infrastructure reduce entry barriers. Additionally, Lake Placid’s community atmosphere and accessibility to larger markets enhance its appeal for business owners and investors seeking a stable commercial asset.

Investment Potential

This commercial medical facility in Lake Placid offers strong visibility on a busy highway, attracting potential tenants or buyers interested in medical or commercial operations. The property's location on US 27 ensures steady traffic flow, which can support business activities. Its condition, including recent updates to the roof and air conditioning, reduces immediate maintenance concerns. While currently vacant, the building's prior use as a physical therapy center highlights its suitability for healthcare services or adaptable commercial purposes.

Market Trends

The Lake Placid commercial real estate market reflects steady demand for properties with strong highway exposure. Buyers and tenants often seek locations with high visibility and accessibility, characteristics this property offers. The market favors well-maintained buildings that can accommodate medical or professional services, and this facility’s condition and location align well with these preferences. Inventory in this segment remains competitive, appealing to those looking for turnkey opportunities.

Rental Income Potential

Given its prime location on US 27 with significant daily traffic, this commercial medical facility is attractive for tenants in healthcare or related fields. The building’s prior use as a physical therapy center demonstrates its suitability for medical tenants. Seasonal demand and local business activity support rental interest, though prospective investors should consider market conditions and tenant availability carefully.