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    5286 16Th Ave Okeechobee, FL 34974

    For Sale
    $1,400,000

    High-return commercial property near Bass Pro Shops.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional mixed-use property in Okeechobee, Florida, presents a lucrative investment opportunity. Situated on a 2.62-acre lot in a rapidly growing resort area, it's just minutes from downtown Okeechobee and the future Bass Pro Shops Resort. The property boasts a large, modern retail building, complemented by a well-maintained, two-bedroom, two-bathroom apartment on the second floor. Significant income potential is generated by 21 extra-large bass boat storage units, totaling 7,500 square feet. A separate 1,500-square-foot enclosed boat repair shop offers further revenue streams, with potential for expansion and additional outdoor storage. The main building also includes over 2,500 square feet of secure, climate-controlled space currently used for private offices and inventory storage. This property is ideally positioned to capitalize on the area's expanding tourism and recreational sectors. Showings are by appointment only, and a non-disclosure agreement and pre-approval are required. The asking price is $1,400,000.

    Property Features for 5286 16Th Ave

    General Information

    Property type
    Mixed-use properties
    Lot Size
    114,127 SF

    Building Details

    Year Built
    2003
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dream Tackle Design Fishing Store Okeechobee Fishing Headquarters Fishing Store

    Suggested Use

    Restaurant Realty agency Wholesale Shop Auto Repair Shop Hotel & Motel Storage Facility Bar & Pub Convenience Store Travel Agency Tailor Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Okeechobee
    County
    Okeechobee
    State
    Florida
    Longitude
    -80.84404
    Latitude
    27.19503

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    FAQs

    What type of property is this?
    Mixed-use property - High-return commercial property near Bass Pro Shops.
    Where is this mixed-use property located?
    The property is located at 5286 16Th Ave Okeechobee, FL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    (561) 427-2154
    Request Owner's contact information
    5286 16Th Ave 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
    5286 16Th Ave Okeechobee, FL 34974
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