200 SW 3rd Ave - Freestanding FOR SALE


Okeechobee, FL 34974
$495,000 USD
772-486-8336
200 SW 3rd Ave, Okeechobee, FL for Sale
$495,000 USD
Freestanding - FOR SALE
1/22
null | Request Cap Rate

200 SW 3rd Ave
Okeechobee, FL 34974


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$124 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Multi-Tenant Retail & Professional Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

B-3

APN/PARCEL ID

R3-21-37-35-0020-02080-0060

ASK ABOUT THIS PROPERTY

Lauren VinayaFlorida Commercial Enterprises, LLCMore Info
772-486-8336

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Lauren VinayaFlorida Commercial Enterprises, LLCMore Info
772-486-8336

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