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    8840 Hwy Okeechobee, FL 34974

    For Sale
    $399,500

    1.7 Acres, Hwy 78 Frontage, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.7-acre mixed-use property in Okeechobee County, Florida, presents a compelling investment opportunity. Strategically located on Highway 78, the property boasts over 405 feet of road frontage, providing excellent visibility and accessibility. Its prime location is less than a mile from the planned Bass Pro Resort and the Kissimmee River boat launch, placing it within a rapidly developing resort corridor. The property includes an existing 2240 square-foot concrete block residence and a 1220 square-foot metal building suitable for workshop or storage use. This versatile property offers unlimited potential for various commercial and residential ventures, making it an ideal investment for those seeking high-growth opportunities in a desirable location. The asking price is $399,500, reflecting a strong value proposition in this thriving market. The property's address is 8840 Hwy 78, Okeechobee, FL 34974. Its proximity to key attractions and its existing structures make it a turnkey opportunity for immediate development or rental income generation. Don't miss this chance to acquire a significant piece of real estate in a rapidly expanding area. The property is easily shown and ready for a new owner.

    Property Features for 8840 Hwy

    General Information

    Property type
    Mixed-use properties

    HighLights

    • $399,500 asking price.
    • Mixed‑use property.
    • 1.7 acres on Hwy 78 with 405+ feet of road frontage.
    • Less than one mile from proposed Bass Pro Shops Resort and Kissimmee River boat launch.
    • Located in the resort corridor.
    • Includes a 2,240 sq ft CBS residence and a 1,220 sq ft metal workshop/storage building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Okeechobee
    County
    Okeechobee
    State
    Florida
    Longitude
    -80.8608921
    Latitude
    27.1639788

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    FAQs

    What type of property is this?
    Mixed-use property - 1.7 Acres, Hwy 78 Frontage, High Potential
    Where is this mixed-use property located?
    The property is located at 8840 Hwy Okeechobee, FL.
    What is the asking price?
    The asking price for this property is $399,500.
    What are key features of this property?
    This property features: $399,500 asking price.; Mixed-use property.; 1.7 acres on Hwy 78 with 405+ feet of road frontage.
    Request Owner's contact information
    8840 Hwy Okeechobee, FL 34974
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    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

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    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
    8840 Hwy Okeechobee, FL 34974
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