Office at 346 E ROYAL PALM ST, LAKE PLACID
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$1,200,000

346 E ROYAL PALM ST
LAKE PLACID, FL 33852
Listed by Gregory Karlson · ADVANTAGE REALTY 1
Bedrooms
N/A
Bathrooms
N/A
Living area
6,248 sqft
Year built
1996

About this home

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 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 details

MLS
Stellar MLS
MLS #
MFRL4947621
Property type
Office
Subdivision
REPLAT OF ROBERTS GROVE ADD
Status
Active
Days on market
676
On market date
September 16, 2024
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.9 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
LAKE PLACID ELEMENTARY SCHOOL
0.65 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
615
Student:teacher ratio
19.2:1
District
HIGHLANDS
Middle
LAKE PLACID MIDDLE SCHOOL
0.85 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
666
Student:teacher ratio
17.5:1
District
HIGHLANDS
High
LAKE PLACID HIGH SCHOOL
0.84 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
834
Student:teacher ratio
20.3:1
District
HIGHLANDS

Walkability

Blended score for LAKE PLACID's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

71
Walkable
out of 100
EPA National Walkability Index
11.3 / 20 -- Above average walkable
Google Places amenity density
93 / 100
Restaurants & cafes20
Grocery stores8
Parks6
Schools9
Transit stops1
Pharmacies7

Market position

How this listing compares to current activity in LAKE PLACID, from live MLS data.

On the market 676 days -- 340 fewer days than LAKE PLACID's current average of 1016 days.
For reference, the median list price across 597 active listings in LAKE PLACID right now is $15,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$7,377/mo
$240,000 down
$960,000 loan
Principal & interest$6,227
Property tax (est.)$1,000
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated September 17, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.