1225 NE Park Street, Okeechobee, FL 34972 Lot • Terrain commercial • 2,11 Acres • 1 235 691 $ CAD • Okeechobee, FL 34972

PARK STREET COMMERCE CENTER — LOT 3
±2.115 Acres | State Road 70 | Okeechobee, Florida
OVERVIEW:
Lot 3 at Park Street Commerce Center presents a rare opportunity to acquire a pad-ready commercial site in Okeechobee's premier new mixed-use development along the SR-70 corridor. The site offers direct frontage on State Road 70 (Highway 70), the primary commercial artery through Okeechobee, carrying 29,000 vehicles per day. With all major infrastructure being delivered by the Declarant pursuant to a recorded Master Plan, this is a true turn-key land acquisition for developers, owner-users, and investors seeking to capitalize on one of South Florida's most active emerging retail markets.
THE SITE:
Lot 3 is a ±2.115-acre parcel configured as a north-south rectangular pad site fronting SR-70. The lot is part of the recorded final plat of Park Street Commerce Center (Plat Book 8, Pages 91–92, Okeechobee County Public Records) and is governed by a comprehensive Declaration of Covenants, Conditions, Easements, and Restrictions recorded March 15, 2024 (OR File #2024002893, Okeechobee County). The site is situated immediately north of SR-70 and west of NE 14th Avenue, with shared access via the project's internal roadway network.
The lot is classified as Flood Zone X per FEMA Flood Insurance Rate Map Panel 12093C0480C, effective July 16, 2015, indicating minimal flood hazard and no federal flood insurance requirement.
INFRASTRUCTURE & UTILITIES:
All infrastructure for Park Street Commerce Center is being constructed and delivered by the Declarant, Park Street Okeechobee, LLC, at no cost to individual lot purchasers, pursuant to the recorded Master Plan prepared by American Civil Engineering Co. and approved by the City of Okeechobee. Infrastructure being delivered includes:
Internal roadways and right-of-way improvements, to be dedicated to the City of Okeechobee upon completion
Potable water service and sanitary sewer lines, to be dedicated to OUA (Okeechobee Utility Authority) upon completion
Shared Surface Water Management System (stormwater pond and conveyance), to be conveyed to the Park Street Property Owners Association
Sewer lift station and force main serving all lots, to be dedicated to OUA upon completion
Gravity sanitary sewer service connections to the lift station
Each lot purchaser is responsible only for extending utility connections from the delivered infrastructure to their individual building, at their own expense. All utility extensions must be installed underground. No on-site septic systems are permitted.
ZONING & PERMITTED USES:
Lot 3 is zoned CHV (Heavy Commercial) by the City of Okeechobee, Florida. Permitted uses include but are not limited to quick-service restaurants with drive-thru, retail strip centers, medical and professional office, financial institutions, personal services, and other commercial uses consistent with CHV zoning and the City's Land Development Regulations. Each lot is developed pursuant to an individual site plan subject to City approval and Declarant architectural review.
Note: Per the recorded CC&Rs (Section 5.9(e)), Lot 2 holds an exclusive right for quick-service restaurant uses predominantly selling burgers and/or frozen desserts. This restriction does not apply to Lot 3, which is unrestricted as to food service uses.
GOVERNANCE — PARK STREET PROPERTY OWNERS ASSOCIATION:
All lots within Park Street Commerce Center are subject to mandatory membership in the Park Street Property Owners Association, Inc., a Florida not-for-profit corporation. The Association is responsible for maintenance of all Common Property, the Surface Water Management System, project signage, landscaping within common areas, and enforcement of the Governing Documents. Assessments are allocated by lot square footage. Lot 3's assessment share is approximately 22.28% of total Association expenses. Assessments are collected quarterly in advance. The Declarant currently subsidizes Association operating deficits during the development period.
SURROUNDING TENANTS & TRADE AREA:
Park Street Commerce Center is situated at one of Okeechobee's highest-traffic commercial intersections, surrounded by a strong and growing mix of national and regional tenants:
Culver's — Coming Soon (adjacent Lot 2, 2.16 AC)
RaceTrac — Under Construction (adjacent pad)
Burger King, Popeyes, Zaxby's, Family Dollar, Dollar Tree, Sherwin-Williams, Bravo Supermarket, Royal's Furniture (SW quadrant)
Applebee's, Hampton Inn & Suites by Hilton, U.S. Post Office (SE quadrant)
Ace Hardware, Okeechobee Feed & Supply, ARS Powersports (NE quadrant)
RE/MAX, Domer's Restaurant (nearby)
Amtrak station — Okeechobee (NE corridor)
The SR-70 corridor serves as the primary east-west commercial spine connecting Okeechobee to Port St. Lucie, Fort Lauderdale, and the Treasure Coast to the east, and to LaBelle, Fort Myers, and Southwest Florida to the west.
KEY FACTS AT A GLANCE:
Address: SR-70 / Highway 70, Okeechobee, FL 34972
Parcel: Lot 3, Park Street Commerce Center (PB 8, Pgs 91–92)
Parcel ID: 3-15-37-35-0030-00000-0030
Lot Size: ±2.115 Acres
Zoning: CHV — City of Okeechobee
Frontage: State Road 70 / Highway 70
Traffic Count: 29,000 VPD (FDOT, 2022)
Flood Zone: X (minimal hazard) — FEMA Panel 12093C0480C
Utilities: Water, Sewer, Stormwater — delivered by Declarant
Association: Park Street Property Owners Association, Inc.
Assessment Share: ±22.28% of common expenses
Governing Docs Recorded: OR File #2024002893, 3/15/2024
Infrastructure Status: Under active construction