1925 SE 9th Ave - Sports and Entertainment FOR SALE


Okeechobee, FL 34974
$5,000,000 USD
863-447-6844
1925 SE 9th Ave, Okeechobee, FL for Sale
$5,000,000 USD
Sports and Entertainment - FOR SALE
1/21
null | Request Cap Rate

1925 SE 9th Ave
Okeechobee, FL 34974


HIGHLIGHTS

  • 1925 SE 9th Avenue is an opportunity to own a prime golf course with terrific views and mixed-use zoning, allowing for redevelopment.
  • Blue Heron Golf and Country Club is a well-groomed, 18-hole course with 5,558 yards of golf from the longest tees for a par of 71.
  • Over 37.1 acres of the expansive 138.70-acre lot are platted and approved for over 70 single-family homes.
  • Blue Heron Golf and Country Club is 3 miles from the Okeechobee County Airport, and local amenities are within 5 miles.
  • Highways 70 and 441 intersect in the center of Okeechobee, making travel to the Gulf of Mexico, Disney World, and the Atlantic Coast a breeze.
  • Conveniently located within the city limits, the property includes city utilities.

OVERVIEW

Blue Heron Golf and Country Club offers terrific views and challenging play for golfers at every skill level. 1925 SE 9th Avenue is a manicured, 18-hole course featuring 5,558 yards of golf from the longest tees for a par of 71. Designed by Marlen Collins and M. McMaster in 1991, Blue Heron Golf and Country Club is currently closed but is well-maintained. The property sits on a 138.70-acre lot, with 37.1 acres platted and approved for over 70 single-family homes. The asset is zoned for mixed-use, allowing investors the opportunity to transform the entire course, and several single-family homes surround the golf course. Within 5 miles of the property, 71% of the housing occupancy is homeowner-dominated, making the asset optimal for redevelopment. 1925 SE 9th Avenue sits north of Lake Okeechobee, also known as Florida’s Inland Sea. Highways 70 and 441 intersect in the center of Okeechobee, making travel to the Gulf of Mexico, Disney World, and the Atlantic Coast a breeze. The golf course is 3 miles from the Okeechobee County Airport, and local amenities are within 5 miles. Demand drivers in the area include Seminole Casino Brighton and the planned Bass Pro's Okee-Tantie Recreation Area. Blue Heron Golf Club is an excellent opportunity to own a premier golf course with the option to transform sections or the entire course into housing.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$5,000 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Blue Heron Golf Course | Redevelopment Opp

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

138.7 AC

LAND SF

6,041,772 SF

ZONING

C2

APN/PARCEL ID

R2-27-37-35-0A00-00001-A000

ASK ABOUT THIS PROPERTY

David FeltenbergerDavid FeltenbergerMore Info
863-447-6844

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David FeltenbergerDavid FeltenbergerMore Info
863-447-6844

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.