2558 144Th StOkeechobee, FL 34972

Property Details for 2558 144Th St

Year built

1993

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.75 AC

Property size (Sq ft)

3,785 SF

Property type

Retail space

APN

1-02-36-35-0A00-00003-0000

APU

10236350A00000030000

Description

This exceptional commercial retail property in Okeechobee, Florida, presents a unique investment opportunity. Priced at $799,000 with owner financing options, this versatile 3,317 square foot building is ideally suited for a variety of retail uses, including a food mart or restaurant. Its location ensures moderate traffic flow, providing excellent visibility and accessibility for customers. The property includes a dedicated office space, enhancing operational efficiency and providing a separate area for administrative tasks. Beyond the building itself, the significant 2.75-acre cleared lot offers substantial space for expansion, storage, or outdoor business activities. The ample land provides considerable flexibility for future growth and development, catering to a range of business needs. To facilitate a seamless transition, all existing furniture and inventory are included in the sale, allowing a new owner to commence operations immediately. This turnkey solution minimizes startup costs and streamlines the process of establishing a successful business. The lot line photos provide a visual representation of the property's dimensions, although measurements are approximate. This is a prime opportunity to acquire a well-positioned commercial property with significant potential for return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,541,270

  6.5%

  $1,422,710

  7%

  $1,321,090

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,003,430

  Geo Method

  $1,003,430

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,787,330

  Mixed-Use / Specialty

  $1,412,420

  Hospitality / Lodging

  $1,029,460

  Office

  $1,398,600

  Institutional / Educational

  $1,466,490

  Residential Income

  $1,715,790

  Multifamily

  $2,086,730

  Automotive / Energy

  $1,256,990

  Parking / Income-Based Land

  $438,923

  Restaurant / Food Service

  $723,484

  Healthcare / Senior Housing

  $1,453,760

Location Insight

City

Okeechobee

County

Okeechobee

State

Florida

Latitude

27.3756

Longitude

-80.8008

CBSA code

36380

CBSA name

OKEECHOBEE, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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