28Th St Okeechobee, FL 34974
This exceptional 65+/- acre mixed-use property presents a unique investment opportunity in Okeechobee, Florida. Boasting approximately 1250 feet of water frontage on Taylor Creek, a main navigable waterway, this land offers unparalleled access to the water and proximity to Lake Okeechobee. The property has recently undergone rezoning to RSF, designating 3.82 acres for commercial use, creating the ideal setting for a vibrant development combining residential and commercial components. Imagine a high-end community with integrated shopping and dining options, catering to the needs of its residents. The strategic location provides easy access to major retailers, including Home Depot, Publix, and Walmart, ensuring convenience and attracting a strong customer base. Preliminary due diligence has already been conducted, and comprehensive details are available upon request for qualified buyers. This prime location offers significant potential for a lucrative and impactful development project. The expansive acreage and water frontage provide ample space for a variety of uses, making this a truly exceptional opportunity for a discerning investor seeking a high-return venture in a rapidly growing area. The existing zoning and proximity to established businesses create a solid foundation for a successful and thriving community.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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.