1422 US 441 SE - Hospitality FOR SALE


Okeechobee, FL 34974
$1,300,000 USD
305-894-6644
1422 US 441 SE, Okeechobee, FL for Sale
$1,300,000 USD
Hospitality - FOR SALE
1/23
null | Request Cap Rate

1422 US 441 SE
Okeechobee, FL 34974


HIGHLIGHTS

  • Motel Hotel RV Manufactured Homes Park All-in-One
  • Direct Access to Lake Okochobee Spectacular Fishing Opportunities
  • Central Location
  • Multifamily Portfolio
  • 100% Occupancy With Room To Expand
  • Stable Income Property

OVERVIEW

1422 US-441, Okeechobee, FL 34974 This is a 9-room motel currently being expanded to 10 rooms, complemented by existing RV/manufactured home lots located to the rear and side of the property. The attached rent roll reflects three recent vacancies that were filled over the weekend with long-term local tenants, stabilizing occupancy. The current owner is in the process of adding seven additional seven (7) RV/manufactured home sites, including electrical and plumbing infrastructure. There is an adjacent portion of land historically utilized for RV placement for over 20 years, though part of that area may involve state ownership. This will require proper due diligence to confirm legal use and future entitlement. If validated, it presents meaningful expansion potential beyond the current footprint. Asking Price: $1,300,000 Visual tour: https://tours.swift-pix.com/KGbIisnvv7SRmmOks9Z6 Parcel information is attached or you can look it up here: https://www.okeechobeepa.com/gis/ Parcel: 1-34-37-35-0A00-00022-A000 Rent roll is available upon request and signed NDA/CA. FAQ: https://docs.google.com/document/d/1cz3lb27jUkcIYKKDlxvzfjDmXZTbQSF-XqMgsMihGA8/edit?tab=t.0 More questions ? Call or email ilya @ 3058946644 io3058946644@gmail.com

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$472 USD /SF

# OF ROOMS

9

PRICE/ROOM

$144,444 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Okeechobee Motel & RV Park

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1972

PARKING SPACES

29

LAND DETAILS

LAND ACRES

7.94 AC

LAND SF

345,689 SF

ZONING

C

APN/PARCEL ID

R1-34-37-35-0A00-00022-A000,R1-34-37-35-0A00-00034-0000

ASK ABOUT THIS PROPERTY

Ilya OvsishcherWFR CommercialMore Info
305-894-6644

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Ilya OvsishcherWFR CommercialMore Info
305-894-6644

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.