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Multi-Tenant Retail & Professional Building 200 SW 3rd Ave 4,000 SF 100% Leased Retail Building Okeechobee, FL 34974 $495,000 ($123.75/SF)
EXECUTIVE SUMMARY
This 4,000 SF retail and professional building is centrally located in the heart of downtown Okeechobee and is currently 100% leased with long-term tenants in place at below-market rental rates, presenting immediate upside. With approximately one year remaining on existing leases, the property offers a clear path to rental rate increases upon renewal or repositioning. The building is well suited for an owner-user or investor and benefits from excellent visibility, easy ingress and egress, and on-site parking. Each unit is equipped with private restrooms and dedicated storage/warehouse space, enhancing functionality for service-based retail and professional users. Situated among a strong mix of downtown retailers and businesses, this property offers stable income with future value-add potential.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,000 SF
Building Class
C
Year Built
1998
Price
$495,000
Price Per SF
$123.75
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.32 AC
Zoning
B-3 - General Commercial
Parking
12 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
65’ on Southeast 3rd Street
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R3-21-37-35-0020-02080-0060 | Improvements Assessment | $78,118 |
| Land Assessment | $28,400 | Total Assessment | $106,518 |
PROPERTY TAXES
Parcel Number
R3-21-37-35-0020-02080-0060
Land Assessment
$28,400
Improvements Assessment
$78,118
Total Assessment
$106,518
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Multi-Tenant Retail & Professional Building | 200 SW 3rd Ave
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