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Property profile & analytics
OFF-MARKET
Mixed-use properties

1401 Hwy Okeechobee, FL 34972

Built 1959
Property ID
Property summary
AI-generated overview

This mixed-use property, located at 1401 Hwy 70 in Okeechobee, Florida (zip code 34972), is offered at $550,000. Built in 1959, this single-unit building sits on a combined five lots, providing significant development potential. The property enjoys a highly visible corner location with two lots facing Highway 70 East and three additional lots situated on NE 14th Ave and NE 2nd St. Parcel ID is 1-15-37-35-0030-00140-0040 (19972), located within the Riverside Park Subdivision (Plat Book 1, Page 23, Lots 4, 5, and 6, Block 14). While the property presents a strong investment opportunity, prospective buyers should note that the roof and bathroom require renovation. The lot size is not specified. This prime Okeechobee location offers substantial upside for the right investor. Serious inquiries are encouraged to explore the full potential of this unique commercial offering.

Property profile
Verified
Property type Mixed-use properties
Year built 1959
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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