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    28Th St Okeechobee, FL 34974

    For Sale
    $1,950,000

    65 Acres, Water Frontage, High Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 65+/- acre mixed-use property presents a unique investment opportunity in Okeechobee, Florida. Boasting approximately 1250 feet of water frontage on Taylor Creek, a main navigable waterway, this land offers unparalleled access to the water and proximity to Lake Okeechobee. The property has recently undergone rezoning to RSF, designating 3.82 acres for commercial use, creating the ideal setting for a vibrant development combining residential and commercial components. Imagine a high-end community with integrated shopping and dining options, catering to the needs of its residents. The strategic location provides easy access to major retailers, including Home Depot, Publix, and Walmart, ensuring convenience and attracting a strong customer base. Preliminary due diligence has already been conducted, and comprehensive details are available upon request for qualified buyers. This prime location offers significant potential for a lucrative and impactful development project. The expansive acreage and water frontage provide ample space for a variety of uses, making this a truly exceptional opportunity for a discerning investor seeking a high-return venture in a rapidly growing area. The existing zoning and proximity to established businesses create a solid foundation for a successful and thriving community.

    Property Features for 28Th St

    General Information

    Property type
    Mixed-use properties
    Lot Size
    2,831,400 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Okeechobee
    County
    Okeechobee
    State
    Florida
    Longitude
    -80.82993
    Latitude
    27.21815

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    FAQs

    What type of property is this?
    Mixed-use property - 65 Acres, Water Frontage, High Potential
    Where is this mixed-use property located?
    The property is located at 28Th St Okeechobee, FL.
    What is the asking price?
    The asking price for this property is $1,950,000.
    (863) 261-8338
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    28Th St Okeechobee, FL 34974
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    28Th St Okeechobee, FL 34974
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