8237 Hwy 441 Okeechobee, FL 34974

Property Details for 8237 Hwy 441

Lot size

18.39 lot acres

Property type

Land

Property subtype

Industrial properties

Description

This exceptional 18.39-acre parcel in Okeechobee, Florida, presents a lucrative opportunity for developing a 200-site RV park. Located at 8237 Hwy 441 Southeast, Okeechobee, FL 34974, this commercially zoned land is already entitled for development, eliminating significant pre-construction hurdles. The asking price is $5,000,000, translating to approximately $25,000 per entitled site. This represents a compelling investment considering comparable recent sales of RV sites in the Okeechobee area, ranging from $83,000 to over $224,000 per lot. The strong demand for RV park spaces in Okeechobee is driven by its proximity to the Palm Beaches and the town's growing amenities, attracting both seasonal and year-round residents. Existing amenity-rich RV parks in the area command impressive rental rates, ranging from $1,300 to $2,000 per month per site, depending on the season. The estimated cost to build out the park is projected between $35,000 and $40,000 per site, excluding land acquisition. This development opportunity benefits from the robust growth anticipated in the RV market over the next decade, fueled by an increasing number of retirees and younger adults embracing the RV lifestyle. The property's location in a tax-free state further enhances its investment appeal. Detailed market analysis is available upon request.