8590 Highway 441 SE

  SOLD April 2022 for $360,000

8590 Highway 441 SE, Okeechobee, Florida 34974


Documents
Building Size2,257 Square Feet
Land Size1.9 Acres
ZoningCommercial
WaterWell
SewerSeptic

PROPERTY HIGHLIGHTS:

  • 1.9± acre waterfront commercial property on Lake Okeechobee
  • Property contains a restaurant/bar, a single family home, (4) RV lots, and (2) mobile home lots
  • Income opportunities include leasing the restaurant/bar, single family home, and RV/MH lots
  • (1) mobile home lot and (2) RV lots are currently leased and generating $11,796 per year
  • Great value-add opportunity with potential to expand RV/MH lot count
  • Private boat ramp with direct access to Lake Okeechobee (maintenance needed)
  • Private dock for temporary mooring (currently in disrepair)
  • Property is located in close proximity to new commercial development

APPROVED USES:

  • Medical Office
  • Professional Office
  • Veterinarian Clinic
  • Retail Establishment
  • Hotel/Motel
  • Restaurant
  • Barber Shop
  • Funeral Home
  • House of Worship
  • Financial Institution
  • Storage (Special exception permit required)

Complete list provided upon request

PRIOR RENTAL RATES FOR IMRPOVEMENTS:

  • Restaurant/Bar (2,257 Sq. Ft.): $7,200/year
  • Single Family Home (1,584 Sq. Ft.): $9,600/year
  • (2) Waterfront RV Pads: $9,600/year
  • (2) Standard RV Pads: $8,400/year
  • (2) Mobile Home Lots: $7,200/year

TOTAL: $42,000/year


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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