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2850 SW 3rd Ter 4,685 SF 100% Leased Retail Building Okeechobee, FL 34974 $675,000 ($144.08/SF)
Investment Highlights
- Five Separate Units
- Close to Route 441/98
- Large Parking Lot
Executive Summary
Well-maintained, five-unit commercial building conveniently located near US Highway 441/98 and SW 32nd Street. Each unit has a separate entrance and utility meter, giving an owner the flexibility to occupy all or part of the building while leasing the remaining space. The property’s central location, flexible configuration, and Commercial Corridor Mixed Use zoning make it suitable for a variety of retail, office, service, and other commercial uses.
4,685± square feet under air
Separate entrance for each unit
Units separately metered
Durable metal roof
Commercial Corridor Mixed Use zoning
Convenient access to US Highway 441/98
Close to shopping, restaurants, and area businesses
4,685± square feet under air
Separate entrance for each unit
Units separately metered
Durable metal roof
Commercial Corridor Mixed Use zoning
Convenient access to US Highway 441/98
Close to shopping, restaurants, and area businesses
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
4,685 SF
Building Class
B
Year Built
1988
Price
$675,000
Price Per SF
$144.08
Percent Leased
100%
Building Height
1 Story
Building FAR
0.24
Lot Size
0.45 AC
Zoning
Commercial - Commercial/ Commercial Corridor Mixed Use
Parking
6 Spaces (1.28 Spaces per 1,000 SF Leased)
Frontage
127’ on Southwest 3rd Terrace
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R1-28-37-35-0020-00000-0190 | Improvements Assessment | $227,146 |
| Land Assessment | $73,125 | Total Assessment | $300,271 |
Property Taxes
Parcel Number
R1-28-37-35-0020-00000-0190
Land Assessment
$73,125
Improvements Assessment
$227,146
Total Assessment
$300,271
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