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238 US Highway 441 SE 5,537 SF 100% Leased Retail Building Okeechobee, FL 34974 $650,000 ($117.39/SF)
EXECUTIVE SUMMARY
This income-producing commercial property features direct lake access, a private boat ramp, and a sea wall, making it ideal for marine-related businesses or future mixed-use development.
Currently leased to two tenants generating $40,800 annually, the property offers stable cash flow with significant upside potential. 2BD2BA 1BD1BA. The Commercial Corridor Mixed Use future land use designation allows for a wide range of development possibilities including retail, office, residential mixed use, hospitality, Light Industrial and Warehousing, Public and Institutional Uses. Possibility for additional parking. Lake Okeechobee is the largest freshwater lake in Florida and the second-largest freshwater lake entirely within the contiguous United States. Its vast size makes it impossible to see across from shore to shore, and it plays a vital role in South Florida’s water management, ecology, and recreation. Lake Okeechobee Permanent population (2025 estimate): ~43,535 winter population to approximately increases 52,000–56,000 people.
Highlights:
Waterfront location with Lake Okeechobee access
Private boat ramp and sea wall
Zoned commercial with flexible future land use
Two income-generating tenants
High visibility and traffic potential
Perfect for investors, developers, or business owners looking to capitalize on one of Florida’s most iconic lakefront locations.
Currently leased to two tenants generating $40,800 annually, the property offers stable cash flow with significant upside potential. 2BD2BA 1BD1BA. The Commercial Corridor Mixed Use future land use designation allows for a wide range of development possibilities including retail, office, residential mixed use, hospitality, Light Industrial and Warehousing, Public and Institutional Uses. Possibility for additional parking. Lake Okeechobee is the largest freshwater lake in Florida and the second-largest freshwater lake entirely within the contiguous United States. Its vast size makes it impossible to see across from shore to shore, and it plays a vital role in South Florida’s water management, ecology, and recreation. Lake Okeechobee Permanent population (2025 estimate): ~43,535 winter population to approximately increases 52,000–56,000 people.
Highlights:
Waterfront location with Lake Okeechobee access
Private boat ramp and sea wall
Zoned commercial with flexible future land use
Two income-generating tenants
High visibility and traffic potential
Perfect for investors, developers, or business owners looking to capitalize on one of Florida’s most iconic lakefront locations.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,537 SF
Building Class
C
Year Built/Renovated
1984/2019
Price
$650,000
Price Per SF
$117.39
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.37
Lot Size
0.34 AC
Zoning
C - (C) COMMERCIAL FLU: COMMERCIAL CORRIDOR MIXED USE
Parking
10 Spaces (1.81 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Waterfront
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R1-03-38-35-0A00-00004-C000 | Improvements Assessment | $220,395 (2025) |
| Land Assessment | $98,550 (2025) | Total Assessment | $318,945 (2025) |
PROPERTY TAXES
Parcel Number
R1-03-38-35-0A00-00004-C000
Land Assessment
$98,550 (2025)
Improvements Assessment
$220,395 (2025)
Total Assessment
$318,945 (2025)
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238 US Highway 441 SE
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