1401 Hwy Okeechobee, FL 34972
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.
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
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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.