About This Home

This 0-bedroom, 0-bathroom commercial at 346 E Royal Palm Street in Lake Placid, FL is listed for $1,200,000 ($192 per sqft). Built in 1996, the home offers 6,248 sqft of living space on a 0.90 acres lot.

Key Features

  • Built in 1996
  • 0.90 acre lot

Property Details

1 story
1996

Amenities

A/C
Listing 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 p

rofessional 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.

Monthly Cost Estimate

$6,418/mo

20% down · 6.5% · 30 years

Principal$868
Interest$5,200
Insurance$350

Estimates only. Actual payments may vary.

Location

346 E Royal Palm Street

Lake Placid, FL 33852

Features & Amenities

Exterior Features

Other IrrigationStucco

Property Details

Construction

Concrete Block

Heating

Electric (Heating)Central

Cooling

ElectricCentral Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 346 E Royal Palm Street is listed at $1,200,000 ($192/sqft). The estimated monthly payment is $6,418 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1996, 0.90 acre lot. Exterior Features: Other Irrigation, Stucco.

This property is listed by Gregory Karlson.

GK

Gregory Karlson

Agent at Advantage Realty

Listed by Advantage Realty · Broker phone: (863) 386-0303 · Broker website

MLS# 306742· Source: Heartland Multiple Listing Service, Inc.· 829 days on PropertySimple

Copyright © 2026 Heartland Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

346 E Royal Palm Street, Lake Placid, FL 33852

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