0 16Th Ave Okeechobee, FL 34974
This exceptional 58+/- acre property in Okeechobee, Florida, presents a remarkable investment opportunity. Located on SW 16th Ave, the land boasts a current Residential General (RG) zoning designation, permitting up to five units per acre. The Future Land Use (FLU) designation is Urban Residential Mixed Use, offering significant flexibility for future development. This zoning allows for a variety of uses, including RV parks, single-family homes, multi-family dwellings, and some commercial ventures, with a maximum density of 16 units per acre in the future. The property's strategic location offers convenient access to city water and sewer services at the front, ensuring seamless infrastructure integration for any project. Its proximity to Lake Okeechobee and major commercial establishments provides added appeal and market accessibility. Furthermore, the property benefits from its advantageous location near a proposed Bass Pro Resort, promising future growth and increased property value. The asking price is $1,740,000. The APN is 1-33-37-35-0A00-00010-A000. Paved road access is readily available. This versatile land parcel is ideal for developers seeking a prime location with substantial growth potential in a thriving Florida community.
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
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