710 NE 2nd Ave - Industrial LAND FOR SALE


Okeechobee, FL 34972 99,317 SF
$1,200,000 USD
772-486-8336
710 NE 2nd Ave, Okeechobee, FL for Sale
$1,200,000 USD
Industrial LAND - FOR SALE
1/24
99,317 SF

710 NE 2nd Ave
Okeechobee, FL 34972


HIGHLIGHTS

  • Current Tenant: Occupying the land with 4 years remaining on the initial lease term, plus a 5-year option and 3% annual rent increases
  • Building: 15,428 square-foot with grade-level and dock-high loading
  • Location: Directly on a rail line with access to CSX Rail Line, off US Hwy 441

OVERVIEW

This 2.28-acre ground-leased industrial property offers a unique investment opportunity with a tenant currently occupying the land. Located directly on a rail line, the site includes a 15,428 square-foot building with both grade-level and dock-high loading, presenting potential value-add through renovation. Positioned off US Hwy 441 with direct access to the CSX Rail Line, this centrally located property benefits from a robust transportation network, providing quick access to metropolitan areas, seaports, and airports in West Palm Beach, Ft. Lauderdale, Miami, and Orlando. Situated in Okeechobee, a hub for heavy industry and agriculture, the property is just 30 minutes from Florida’s Turnpike and I-95. The current tenant has four years remaining on the initial lease term, with an additional five-year option and 3% annual rent increases, offering a 8% cap rate. Located on the north shore of Lake Okeechobee, the largest lake in Florida, and is connected to the Atlantic and Gulf of Mexico by the Okeechobee Waterway. The area is home to several international companies, enhancing its industrial appeal.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/ACRE

$526,315/AC

PRICE/SF

$12 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

8% CAP Fully Leased Property

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Industrial

LAND PROPOSED USE

Commercial, Industrial, Open Space, Agribusiness

LAND ACRES

2.28 AC

LAND SF

99,317 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

Industrial

APN/PARCEL ID

R3-15-37-35-0010-00560-0010

ASK ABOUT THIS PROPERTY

Lauren VinayaFlorida Commercial Enterprises, LLCMore Info
772-486-8336

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Lauren VinayaFlorida Commercial Enterprises, LLCMore Info
772-486-8336

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