14375 Okeechobee BlvdLoxahatchee, FL 33470

Property Details for 14375 Okeechobee Blvd

Year built

1986

Construction

WOOD

Lot size

9.92 AC

Property size (Sq ft)

800 SF

Zone code

AR

Property type

Other commercial real estate

Property subtype

Showrooms

APN

41-41-43-17-01-413-0040

APU

41414317014130040

Description

This exceptional $3,500,000 mixed-use property, located at 14375 Okeechobee Boulevard in Loxahatchee Groves, Florida (zip code 33470), presents a rare opportunity. The 800 square foot building sits on a prime 10-acre corner lot at the intersection of Okeechobee Boulevard and D Road, offering unparalleled visibility and accessibility. Its central location in Palm Beach County provides easy access to West Palm Beach, Wellington, and Westlake. This is one of the last large parcels available on Okeechobee Boulevard, with D Road providing direct access to Southern Boulevard. The property boasts an existing irrigation system, ideal for a plant nursery or similar agricultural use. The Ag/Res zoning allows for a diverse range of uses, including residences, caretaker quarters, barns, wholesale nurseries with landscaping operations, covered arenas, and RVs. Agritourism events are permitted. Note that existing nursery stock does not convey with the sale. The property's convenient location offers proximity to the turnpike, airport, fine dining, equestrian events, and beaches. An adjacent property of approximately 20 acres is also available for purchase. All measurements and outlines are approximate. The property is shown by appointment only. This is a unique investment opportunity with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $361,535

  6.5%

  $333,725

  7%

  $309,888

• Comparable approach

  Method

  Valuation

  Relative Method

  $560,811

  Geo Method

  $560,811

• Alternative Use

  Use

  Valuation

  Residential

  $281,510

  Hospitality

  $257,861

  Educational

  $214,537

  Medical

  $221,916

  Retail

  $333,725

Location Insight

City

Loxahatchee

County

Palm Beach

State

Florida

Latitude

26.7079

Longitude

-80.2729

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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