This investment property, ideally situated near Lake Placid, offers a prime location with immense potential for both residential and commercial development. The listing consists of two separate parcels that must be sold together. These adjoining parcels are positioned on a corner lot, providing excellent visibility and accessibility, and are currently zoned residential with the possibility of rezoning to commercial use, making this an ideal location for a wide range of development opportunities. The first parcel features a tri-plex on 0.3280 acres, with 1,428.80 feet of road frontage along Kingsbury St./Hwy 90. The tri-plex spans a total of 2,637 square feet, with three one-bedroom, one-bath units, offering immediate rental income potential or the opportunity to renovate and enhance the current structure. The second parcel, located on 0.2360 acres, faces Reiley Road and includes a 1,624-square-foot manufactured home with three bedrooms, two bathrooms, and a carport. This parcel provides additional space for potential expansion or redevelopment. The property is situated in a growing area, surrounded by businesses already zoned commercial. The neighboring property to the tri-plex houses a restaurant, while the property across Reiley Road features a marina. This thriving commercial activity increases the potential for rezoning and offers options to transform the existing buildings or redevelop the site into a new commercial property. Whether you're looking to improve the current structures or pursue redevelopment, this property offers flexible opportunities for future growth.

Listing courtesy of Lynda Ploetz of Century 21 Integra



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Last checked: 2025-10-25 05:24 AM UTC