About this property
Very rare opportunity to own a retail/office center in the heart of the City of Okeechobee. The property has excellent frontage and exposure along US Highway 441, and is in close proximity to the Okeechobee Courthouse.
The building was built in 2000 by Close Construction, with the interior recently remodeled by both tenants. Although originally designed to house four tenants, the building has been occupied by two tenants each taking up two spaces since the building was completed. American General Financial Services occupies half of the building, while the Red Cross occupies the remainder.
The 2010 income based on the leases is approximately $47,000. Expenses have been estimated at $12,500, indicating an NOI of $34,500 in rounded numbers.
Property details
- Property Type
- Improved property
- Building Type
- Freestanding
- Building Size
- 2,972 sqft
- Land Size
- 0.34 acres
- Sewer
- Yes
- Water
- Yes
- Zoning
- Commercial
- Electric
- Yes
- Year Built
- 2000
- Roof
- Flat T&G
- Parking
- Adequate
- Lease Type
- 425000
- Construction
- CBS
Location
- Address
-
319 N. Parrott Avenue
Okeechobee, Florida 34972