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Court Plaza (+/- 2,972 SF)

319 N. Parrott Avenue, Okeechobee, Florida 34972
Sold: $340,000
Court Plaza (+/- 2,972 SF)

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

Property Description

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. 

 

Location