Commercial Lease · Office
346 E ROYAL PALM STREET, LAKE PLACID, FL, 33852
Active337 days on marketListed Sep 11, 2025MLS #L4955796
About this property
The property at a glance
6200+-SF Medical Finished Facility (Previously Physical Therapy) w/ Prime US 27 Hwy Exposure at Full Median Turn Lake Placid, FL.! Use as your Physical Therapy 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 lease at only $16 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.
6,248
Building sq ft
$16
Price / sq ft
0.91
Lot acres
1996
Year built
2
Buildings
C1
Zoning
Office
Property type
The numbers
Investment snapshot
Other
Lease structure
12 Months
Lease term
Estimated payment (illustrative)
Estimated payment
$1,768/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 Leliana 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 346 E ROYAL PALM STREET
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$200,000
102 WASHINGTON BOULEVARD
3,160 sqft · $63/sqft · Sold Aug 15, 2025
$21,684
900 HILLCREST AVENUE UNIT A
1,722 sqft · $13/sqft · Sold Jul 29, 2026
$250,000
1174 US 27 N
1,597 sqft · $157/sqft · Sold Jun 16, 2026
Your team
The pros in your corner
Your agent
Leliana Vazquez
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 346 E ROYAL PALM STREET — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 346 E ROYAL PALM STREET.
See it in person
Schedule a tour
Live availability from Leliana's calendar — pick a time and it's booked.
Listing courtesy of ADVANTAGE REALTY 1 · Gregory Karlson. MLS #L4955796.
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.
Never miss a listing
New LAKE PLACID listings, in your inbox
A daily digest of every new listing in LAKE PLACID — straight from the MLS, hours after it goes live. Unsubscribe anytime.