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OFF-MARKET
Specialty properties

2147 Hwy 98 Okeechobee, FL 34972

Property ID
Property summary
AI-generated overview

Discover a remarkable commercial development opportunity in Okeechobee, Florida. This nearly half-acre lot, located at 2147 N Hwy 98 N, is situated directly adjacent to the Okeechobee Municipal Airport, providing exceptional visibility and accessibility. The property is completely cleared and ready for immediate construction, eliminating significant pre-development hurdles. All necessary permits have already been obtained, including Department of Transportation approval, comprehensive soil testing, surveys, and health department permits. Furthermore, an engineer-approved water analysis ensures the availability of high-quality water infrastructure. This strategic location within a thriving commercial area offers significant advantages. Nearby businesses include a preschool, various restaurants, a roofing company, and a tire shop/mechanics, creating a vibrant and established commercial environment. The property's proximity to these businesses ensures high visibility and potential for synergistic partnerships. This is an exceptional chance to capitalize on a turnkey development site in a rapidly growing area. The asking price is $97,000. Don't miss this opportunity to establish your business in this dynamic Okeechobee County location. The zip code is 34972.

Property profile
Verified
Property type Specialty properties
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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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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