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    512 Park St Okeechobee, FL 34972

    For Sale
    $1,750,000

    Downtown Okeechobee investment opportunity.

    Property size:
    15,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity encompasses two buildings totaling 15,560 square feet situated on a 1.79-acre lot in downtown Okeechobee, Florida. The property, located at 512 & 513 NW Park St (State Road 70), consists of a 10,592 square foot free-standing retail building and a 4,968 square foot industrial warehouse. Built in 1959 and renovated in 1990, the buildings offer a versatile space suitable for a variety of retail and industrial uses. The retail space boasts approximately 150 feet of frontage on NW Park Street, a high-traffic road with an estimated 22,500 vehicles passing daily, ensuring excellent visibility and accessibility. The property includes 14 parking spaces and offers a spacious interior layout adaptable to diverse business needs. The asking price is $1,750,000, translating to $112.47 per square foot. This property presents a compelling investment opportunity in a thriving downtown location. The property's APN numbers are 31537350010015900070 and 31537350010015900030. The zip code is 34972.

    Property Features for 512 Park St

    General Information

    Property type
    Individual retail properties
    Square Feet
    15,560 SF
    Lot Size
    77,972 SF

    Building Details

    Year Built/Renovated
    1959/1990
    Buildings
    2
    Stories
    1

    HighLights

    • 10,592 SF freestanding retail building and 4,968 SF industrial warehouse on a 1.79‑acre lot.
    • Spacious interior layout adaptable to diverse business needs.
    • Versatile space suitable for various industrial and warehouse uses.
    • Excellent investment opportunity for business expansion in a high‑traffic downtown Okeechobee location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Badcock Home Furniture ... Appliance Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Okeechobee
    County
    Okeechobee
    State
    Florida
    Longitude
    -80.8353691
    Latitude
    27.2439723

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    FAQs

    What type of property is this?
    Individual retail property - Downtown Okeechobee investment opportunity.
    Where is this individual retail property located?
    The property is located at 512 Park St Okeechobee, FL.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: 10,592 SF freestanding retail building and 4,968 SF industrial warehouse on a 1.79-acre lot.; Spacious interior layout adaptable to diverse business needs.; Versatile space suitable for various industrial and warehouse uses.
    Request Owner's contact information
    512 Park St Okeechobee, FL 34972
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    Okeechobee, FL 34972
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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
    512 Park St Okeechobee, FL 34972
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