512 Park St Okeechobee, FL 34972
- Retail space
- 10,592 SF
- 0.49 lot acres
Current Use by Public Records
- Badcock Home Furniture &more / Home Goods Store / Bedroom Furniture Store
Property Details for 512 Park St
- Year built
- 1959
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.49 lot acres
- Property size
- 10,592 SF
- Property type
- Retail space
- APN
- 3-15-37-35-0010-01590-0070
- APU
- 9223372036854775807
Description
This exceptional Okeechobee, Florida property offers a combined 15,560 square feet of retail and industrial space, presenting a unique investment opportunity. The property comprises two buildings situated on a 1.79-acre lot at 512 & 513 NW Park St, in the heart of downtown Okeechobee. One building, a 10,592 square foot free-standing structure, renovated in 1990, is ideally suited for retail use. It benefits from approximately 150 feet of frontage on NW Park Street, a major thoroughfare with an estimated 22,500 vehicles passing daily, ensuring high visibility. The second building, a 4,968 square foot warehouse, provides ample space for industrial operations or storage. The entire property boasts 14 parking spaces and is served by readily available power. Built in 1959, this single-tenant property is zoned for retail and industrial uses, offering flexibility for a variety of businesses. The property's location in downtown Okeechobee provides easy access to local amenities and a strong customer base. The property's APN numbers are 31537350010015900070 and 31537350010015900030, located in Okeechobee County, Florida, zip code 34972. This is a rare opportunity to acquire a well-located, versatile property with significant potential for growth and return on investment. The property is a single-story building.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,450,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,715,000
- 6.5%
- $1,555,000
- 7%
- $1,580,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,745,000
- Geo Method
- $1,545,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,460,000
- Retail
- $1,840,000
- Mixed-Use
- $1,640,000
- Hospitality
- $1,665,000
- Educational
- $1,400,000
- Residential Income
- $1,630,000
- Energy
- $1,505,000
- Income-Based Land
- $1,895,000
- Food Service
- $1,775,000
Location Insight
- Map
- Local Demand
- City
- Okeechobee
- County
- Okeechobee
- State
- Florida
- Longitude
- -80.8353
- Latitude
- 27.244
- CBSA code
- 36380
- CBSA name
- OKEECHOBEE, FL MICROPOLITAN STATISTICAL AREA
