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2516 US Highway-98 Hwy - 2516 US Highway 98, Okeechobee, FL 34972 1.55 Acres of Commercial Land Offered at $721,619 CAD in Okeechobee, FL 34972

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Investment Highlights

Braking ground in less than 6 months, owner already paid for mostly of the impact fees

Executive Summary

Ready to build, partially improved 1.55 acres or 67,430 sq ft vacant land in great location, area in expansion and these lots are in the commercial corredor for future developments, currently an open permit to build a single family home with around 1,800 Sq Ft, and plans to build a second 4 Units building on the site. Zoning Allows business use including mix use, City location near industrial Park, Near schools, Urban area development, legal access, city water, electricity including 110/ 220 and 3-phase power, add the already installed brand new septic tank system. The land is ready for development, cleared, fenced, compacted soil, Ditched, Above ground Irrigation, no Flooding zone, Drip System, demucked and filled with stabilizers. Cable, irrigation, water, other utilities available, Trash removal, city Water, as per county, not flooding zone. A great opportunity for investors, developers, General Contractors, Business owners, owner occupied therefore needs appointments to get access to walk the property and do inspections on the site. Trespassing isn't allowed, camaras on the site recording 24/7. All fenced, direct access from US-Highway 98 or from the back from the residential paved road NW 35th Drive.
Close to Seminole elementary, Yearly Middle schools, The Indian River State College and the HCA Florida Raulerson Hospital, very close to the 7-Eleven, Shenanigans, Historical Society, supermarkets, and the Okeechobee County Airport.
Okeechobee is in a permanent demographic expansion with a growth of 1.8% per year, characterized as a "Controlled Growth" by local officials to meet the demands of a rising population, with projects to bring thousands of new residents over the next 25 years.
The Main major access are as follow: Florida's Turnpike, US-98, US-441, CR-68, SR-70, SR-78, and SR-710

2516 US Highway 98 MLS

Property Facts

Price	$721,619 CAD	Property Type	Land
Sale Type	Investment or Owner User	Property Subtype	Commercial
Sale Condition	Build to Suit	Proposed Use	Commercial Office Multifamily Hospitality Apartment Units Apartment Units - Subsidized Bank Bar Department Store Distribution Drugstore Fast Food Garden Centre General Freestanding Hold For Investment Motel Parking Garage Refrigeration or Cold Storage Rehabilitation Centre Religious Facility Restaurant Retail Warehouse Self Storage Single Family Development Storefront Storefront, Retail or Office Storefront, Retail or Residential Strip Centre Supermarket
No. Lots	1	Total Lot Size	1.55 AC
Zoning	Commercial/residential/ - Allows the building of mix use commercial and residential properties. Plans approved

Price	$721,619 CAD
Sale Type	Investment or Owner User
Sale Condition	Build to Suit
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Office Multifamily Hospitality Apartment Units Apartment Units - Subsidized Bank Bar Department Store Distribution Drugstore Fast Food Garden Centre General Freestanding Hold For Investment Motel Parking Garage Refrigeration or Cold Storage Rehabilitation Centre Religious Facility Restaurant Retail Warehouse Self Storage Single Family Development Storefront Storefront, Retail or Office Storefront, Retail or Residential Strip Centre Supermarket
Total Lot Size	1.55 AC
Zoning	Commercial/residential/ - Allows the building of mix use commercial and residential properties. Plans approved

1 Lot Available

Lot 6

Price	$721,619 CAD	Lot Size	1.55 AC
Price Per AC	$465,560.96 CAD

Price	$721,619 CAD
Price Per AC	$465,560.96 CAD
Lot Size	1.55 AC

basswood, inc. unit no 5(plat book 3 page 51) lots 54-55 &56 block 59, Folio number R10537350050005900540, Mix Use Commercial /residential 67,430 Lt Sq Ft, URBAN COMMERCIAL, USAGE: UNIMPROVED BUSINESS/COMMERCIAL, UNIMPROVED MULTI FAMILY (5 UNITS)

Description

Six lots approved for mix use commercial and residential, or just multifamily or Community service, store, supermarket, bakery, etc. Currently approved permits to build a Single family home and as second step a 4 apartment building for income, still, zoning said Supermarket, community services, General Commercial (Retail/Service), Office, Commercial Planned Development, and Mixed Use (Which combines commercial and residential) Great opportunity for a fast investment. Contact Listing Agent directly for more information and to coordinate an inspection/access.)