924 160Th St Okeechobee, FL 34972
This exceptional 40-acre property, located at 924 NE 160th St, Okeechobee, FL 34972 (APN 13435350A00000020), presents a unique investment opportunity. Zoned A, this versatile land boasts both agricultural and residential potential. Currently used for hay production, 12 acres show promise for sod cultivation. The property is conveniently situated on the corner of NE 60th Street (68) and 441 North, offering easy access, just 15 minutes from Okeechobee's town center. Improvements include a newly constructed pole barn and a new 5-inch well equipped with a 5 hp pump. The entire property is fully fenced, providing security and containment for livestock or other uses. The asking price for this remarkable parcel is $1,120,000. This is an ideal opportunity for those seeking a blend of agricultural use and future residential development potential in a desirable Florida location. The property's strategic location and existing infrastructure make it a compelling investment prospect. Serious inquiries are encouraged.
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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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.