8590 Highway 441 SE
8590 Highway 441 SE, Okeechobee, Florida 34974
Sold: $360,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
2,257 sqft
Land Size
1.9 acres
Sewer
Septic
Water
Well
Zoning
Commercial
Property Description
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