113 5th Ave Okeechobee, FL 34974-4220
This exceptional Okeechobee, FL commercial property presents a rare investment opportunity. Built in 1948, the 3,858 square foot building boasts a thriving, established gym with 75 active members and brand-new equipment. This turnkey gym operation is available for sale separately, offering immediate income potential. Adding to the property's value is a fully remodeled, one-bedroom, one-bathroom apartment currently leased at $1,500 per month, providing consistent rental income. The main building's substantial 3,011 square foot base offers significant flexibility for a variety of business ventures. Entrepreneurs will appreciate the versatility of this space, allowing for expansion or the addition of complementary businesses. The property sits on a 0.15-acre lot in a prime Okeechobee location. The building and the gym business are offered for sale separately, providing buyers with options to tailor their investment strategy. This is a unique chance to acquire a historically significant building with proven income streams and substantial growth potential. The asking price for the entire property is $559,000.
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Premia Fitness Okeechobee Gym & Fitness Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.