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2054 Hwy 70 W 7,464 SF 100% Leased Retail Building Okeechobee, FL 34974 $739,000 ($99.01/SF)
Investment Highlights
- Located at a signalized intersection with access from multiple directions.
- Commercial zoning supports a variety of business and redevelopment uses.
- Approximately 300 feet of frontage along State Road 70.
- Existing building provides potential for renovation or repositioning.
Executive Summary
Prime Commercial Development Opportunity! This 1.076± acre C-2 Commercial property offers approximately ±300 feet of frontage along Florida State Road 70 with excellent visibility at a signalized intersection along one of Okeechobee's primary commercial corridors. This site presents an outstanding opportunity for ground-up commercial development while also offering flexibility to complete, renovate, or repurpose the existing shell structure. Features include existing access improvements and curb cuts, city water, septic, and an on-site lift station with potential future sewer connection, subject to OUA approval. A food truck currently operates on-site under a month-to-month lease generating $1,000/month. Potential uses include retail, restaurant, medical/professional office etc.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,464 SF
Building Class
C
Year Built
1976
Price
$739,000
Price Per SF
$99.01
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.08 AC
Zoning
Commercial - C2
Frontage
170’ on Highway 70 Ter
Amenities
- Signage
- Signalized Intersection
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R1-20-37-35-0060-00000-0010 | Improvements Assessment | $26,889 |
| Land Assessment | $274,930 | Total Assessment | $301,819 |
Property Taxes
Parcel Number
R1-20-37-35-0060-00000-0010
Land Assessment
$274,930
Improvements Assessment
$26,889
Total Assessment
$301,819
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2054 Hwy 70 W