207 Park StOkeechobee, FL 34972

Property Details for 207 Park St

Year built

1975

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.16 AC

Property size (Sq ft)

6,371 SF

Property type

Office properties

Property subtype

Other office properties

APN

3-15-37-35-0010-01530-0100

APU

9223372036854775807

Description

This exceptional Okeechobee, Florida retail property, located at 207 SW Park St, 34972, offers 6,371 total square feet on a 0.16-acre lot. The property features two buildings, each two stories high, totaling 5,783 square feet of net rentable space. Built in 1975, the property boasts a recently remodeled lower level featuring tile flooring and walls, fresh paint, and modern updates, ideal for medical or general office space. The upper level provides approximately 2,500 square feet of living space, including four large bedrooms, two bathrooms, an oversized living area, a full kitchen, and a nearly 500-square-foot enclosed porch with a city view and a fireplace. Significant recent improvements include a new roof and A/C equipment installed in 2019. Priced at $1,400,000 ($219.75/sq ft), this property presents a unique opportunity with high visibility and diverse potential uses. Its central location in downtown Okeechobee ensures high foot traffic and excellent exposure. The property's versatility makes it suitable for a variety of commercial and residential applications. This is a rare chance to acquire a substantial, well-maintained property in a thriving downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,958,624

  6.5%

  $1,807,961

  7%

  $1,678,821

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,772,285

  Geo Method

  $1,772,285

• Alternative Use

  Use

  Valuation

  Residential

  $2,241,871

  Hospitality

  $2,053,542

  Educational

  $1,708,523

  Medical

  $1,767,282

  Retail

  $2,657,702

Location Insight

City

Okeechobee

County

Okeechobee

State

Florida

Latitude

27.244

Longitude

-80.8281

CBSA code

36380

CBSA name

OKEECHOBEE, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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