Listing Agency: Miami Waterfront Realty r***@gmail.com Show Phone

Listed By: Richard Feldman · License #3249105 Show Phone

Source: Exprealty

Added: Jun 9 Changed: Jul 10 Last Checked: Jul 31 at 12:10PM

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Investment Insights

Based on property information with market context.

This property operates as a combined hospitality and manufactured housing community, featuring a 10-room motel currently in expansion. The site also includes long-term apartment unit accommodations and existing RV/manufactured home lots positioned to the rear and side of the property. Recent vacancies were filled with long-term local tenants, and the current owner is adding seven additional RV/manufactured home sites, with electrical and plumbing infrastructure included as part of the expansion.

The motel and RV/manufactured home components are located at 1422 US-441 in Okeechobee, Florida. An adjacent portion of land has been historically utilized for RV placement for more than 20 years; however, part of that area may involve state ownership. The seller notes that due diligence will be required to confirm legal use and future entitlement for any additional expansion beyond the current footprint.

For buyers and operators seeking a two-part hospitality and long-term lodging platform, the property provides an established motel configuration alongside an active RV/manufactured home lot layout. Expansion work is already in progress for additional RV/manufactured home sites, and a rent roll is available upon request with a signed NDA to support underwriting and planning.

Key Highlights

• 10‑room motel on US‑441 in Okeechobee, FL 34974, currently being expanded to 10 rooms
• Property includes existing RV/manufactured home lots located to the rear and side of the motel
• Owner is adding 7 additional RV/manufactured home sites with electrical and plumbing infrastructure underway

Property Analytics

Property Profile

Current Use

Motels

Suggested Use

Top Pick Parking Lot & Garage Storage Facility Veterinary Clinic Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

941

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 34972, FL

19,514

Population

7,004

Households

2.8

Avg Household Size

37

Median Age

15%

College-Educated

77%

High-School Grad

854.4 sq mi

ZIP Area

23

Density / Sq Mi

$53,902

Median Household Income

$33,612

Median Earnings

$994

Median Rent

$193,300

Median Home Value

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Similar Off Market Nearby

• Hampton Inn Okeechobee - Lake Okeechobee — 1200 FL-70, Okeechobee, FL 34972
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Frequently Asked Questions

What type of property is this?

Motel - A 10-room motel with rear and side RV/manufactured home lots, with infrastructure underway to add additional sites.

Where is this motel located?

The property is located at 10-1421 S Parrott Ave Okeechobee, FL.

What is the asking price?

The asking price for this property is $1,299,994.

What are key features of this property?

This property features: 10‑room motel on US‑441 in Okeechobee, FL 34974, currently being expanded to 10 rooms; Property includes existing RV/manufactured home lots located to the rear and side of the motel; Owner is adding 7 additional RV/manufactured home sites with electrical and plumbing infrastructure underway