78 State Rd Lakeport, FL 33471
This exceptional 2,164 square foot retail property, located at 0 State Rd 78 in Moore Haven, Florida (zip code 33471), presents a unique investment opportunity. Built in 1974, this single-unit commercial space sits on a 3.66-acre lot comprised of six lots (five parcel IDs). The property includes an existing structure described as part mobile home, part concrete block structure, needing improvement, along with a small pavilion and an older barn. Its strategic location on State Road 78, a major east-west thoroughfare, offers high visibility and convenient access for travelers between Florida's coasts. The property's proximity to a new hotel under construction near a casino further enhances its potential. Numerous development possibilities exist, including a lakefront community with multiple residential homes, a large residential lakefront estate, or an expanded commercial/retail center. The property's current zoning is commercial, while future zoning is residential; prospective buyers should consult Glades County regarding planned use and necessary zoning changes. The property is also conveniently located near a bait and tackle shop and the recreational amenities of Lake Okeechobee. This versatile property offers significant potential for a savvy investor.
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.