$1,250,000

1111 S Parrott Avenue

OKEECHOBEE FL, 34974

Description

LISTED UNDER APPRAISAL VALUE!!! Great opportunity for business owners and investors! On a main road in Okeechobee with great thoroughfare! As stated by appraisal, "site has direct exposure from the highway, which would allow development of those commercial uses that benefit from the increased exposure of a highway location". This property is zoned as heavy commercial with over 2.16 acres, and multiple potential uses (retail, professional/business/medical office, dry cleaner/laundromat, hotel/motel, nightclub, business school, commercial indoor recreation, and commercial parking lot). 5,517 Sq/Ft of interior space, and 94,090 Sq/Ft of exterior space. Nearly 54,000 Sq/Ft of parking area (currently 90+ parking spots). From '14-'18, there were updates done to the building including: new roof, some new electrical, some flooring, air conditioning, and plumbing. According to the appraisal (done in February 2020), the building is considered to be in good condition. Business is NOT included in listing price, but is also available for purchase.

Details

MLS#A4471278
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1994
Days On Site85

Features

SQ Feet5,517
Acreage2.16
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Area Information
StateFL
CountyOkeechobee
CityOKEECHOBEE
Zip Code34974
Area34974 - Okeechobee
Listing VS Median (in 34974)
Price:
$1,250,000
low | high
Med:
$115,000
100% of Average
SqFt:
5,517
low | high
Med:
0
100% of Average
$ / SqFt:
$227
low | high
Med:
$0
100% of Average
On Site:
85
low | high
Med:
579
14.680483592401% of Average
Listing Updated: 09/07/2020
George Menihtas LogoMLS Number: A4471278
Listing Provided By:
George Menihtas  of  WAGNER REALTY

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