304 3Rd AveOkeechobee, FL 34974

Property Details for 304 3Rd Ave

Year built

1930

Construction

WOOD

Lot size

0.33 AC

Property size (Sq ft)

1,446 SF

Property type

Office properties

APN

3-15-37-35-0010-01820-0010

APU

9223372036854775807

Description

This exceptional commercial property, situated at 304 SW 3rd Avenue in Okeechobee, Florida, presents a compelling investment opportunity. The 1,446 square foot office building is strategically located on a 0.32-acre corner lot at the intersection of SW 3rd Avenue and SW 3rd Street, placing it within easy reach of the city's downtown core. The building is zoned for commercial use, offering flexibility for a variety of businesses. While the property requires some attention and improvements (TLC), its prime location and substantial size make it an attractive prospect for renovation and repositioning. The building's current condition offers a chance to add value through upgrades and modernization. This is a rare opportunity to acquire a well-situated commercial property in a growing area. Note that all measurements are approximate and should be verified independently. There is also a separately listed vacant commercial lot available nearby, presenting potential for expansion or additional income streams. Contact us today to schedule a viewing and explore the possibilities this property offers. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $444,541

  6.5%

  $410,346

  7%

  $381,035

• Comparable approach

  Method

  Valuation

  Relative Method

  $402,248

  Geo Method

  $402,248

• Alternative Use

  Use

  Valuation

  Residential

  $508,828

  Hospitality

  $466,084

  Educational

  $387,776

  Medical

  $401,113

  Retail

  $603,208

Location Insight

City

Okeechobee

County

Okeechobee

State

Florida

Latitude

27.2408

Longitude

-80.8325

CBSA code

36380

CBSA name

OKEECHOBEE, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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