$1,795,000
Okeechobee, FL 34974
MLS# FX-10490739
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Property Description
Fully leased 17,640 sq ft commercial plaza on 1.291 acres. Recently remodeled and known as Cedar Plaza, this plaza consist of 14 individual leasable bays. Current leases in place are 2 year leases with a built in annual escalator, current actual income reflects a 7% cap rate at asking price with room to grow income. Located just off Hwy 441 South and 1 block West of Home Depot makes this property a great income producer for investors.
Details
Maps
Contract Information
Listing Date: 2025-03-06
Status: Active
Original List Price: 1795000
List Price: $1,795,000
Current Price: $1,795,000
List Price/Acre: 1391472.87
General Property Description
Type: Commercial Land
Lot Dimensions: 55921
Lot SqFt: 55921
Lot Frontage: 375
Lot Depth: 150
Acres: 1.29
Waterfront: No
Subdivision: North Lake Bus Park
Homeowners Assoc: None
Location Tax Legal
County: Okeechobee
Parcel ID: R12837350020000000020
Street #: 2821
Street Dir: SW
Street Name: 3rd
Street Suffix: Terrace
Zip Code: 34974
Legal Desc: NORTH LAKE BUSINESS PARK (PLAT BOOK 5 PAGE 70) LOTS 2, 3 & 4
Geo Lat: 27.217227
Geo Lon: -80.832978
Property Features
Land Use: Other
Location: Central Business Dst
Lot Description: Public Road
Comp Plan Use: Other
Utilities Avail: Irrigated Water; Public Water; Septic Sewer; Other
Utilities On Site: Electric Service Available; Gas; Public Water; Sewer
Roads: City/County Maint.; Public
Usage: Other Usage
Listing Office: The Tucker Group, LLC
Last Updated: March - 06 - 2025
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