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    28Th St Okeechobee, FL 34974

    For Sale
    $1,950,000

    65 Acres, Waterfront, High Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 65-acre mixed-use property presents a unique investment opportunity in Okeechobee, Florida. Situated on Taylor Creek, this expansive parcel boasts approximately 1250 feet of waterfront access on a main navigable waterway, offering unparalleled access to Lake Okeechobee. The property's recent rezoning to RSF (Residential Single Family) includes 3.82 acres designated for commercial use, creating a dynamic blend of residential and commercial possibilities. Imagine a thriving community with on-site shopping and restaurants, catering to both residents and visitors. The location is highly convenient, with proximity to major retailers such as Home Depot, Publix, and Walmart. This prime location offers significant potential for a high-end development, capitalizing on the desirable waterfront setting and the convenience of nearby amenities. The property's strategic location in the heart of Okeechobee provides easy access to various businesses and services. Some preliminary due diligence has already been conducted and will be shared with qualified buyers upon request. This is a rare opportunity to acquire a substantial waterfront tract with significant development potential in a rapidly growing area. The property is located at TBD SW TBD 28th Street, Okeechobee, FL 34974. The asking price is $1,950,000. Lot size is approximately 65 acres.

    Property Features for 0 28Th St

    General Information

    Property type
    Mixed-use properties

    HighLights

    • 65‑acre mixed‑use property in Okeechobee, FL, with $1,950,000 asking price.
    • Approximately 1,250 feet of waterfront access on Taylor Creek, a navigable waterway leading to Lake Okeechobee.
    • Recently rezoned RSF (Residential Single Family) with 3.82 acres designated for commercial use.
    • Convenient location near major retailers (Home Depot, Publix, Walmart).
    • Preliminary due diligence available to qualified buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Okeechobee
    County
    Okeechobee
    State
    Florida
    Longitude
    -80.84747
    Latitude
    27.218048

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    FAQs

    What type of property is this?
    Mixed-use property - 65 Acres, Waterfront, High Development 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.
    What are key features of this property?
    This property features: 65-acre mixed-use property in Okeechobee, FL, with $1,950,000 asking price.; Approximately 1,250 feet of waterfront access on Taylor Creek, a navigable waterway leading to Lake Okeechobee.; Recently rezoned RSF (Residential Single Family) with 3.82 acres designated for commercial use.
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    28Th St 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

    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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