0 28Th St Okeechobee, FL 34974
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.