
$1,150,000 USD
Commercial for Sale, 3611 SE 36 Ave SE 36 Ave, Okeechobee, Florida 34971
- MLS#F10523905
Listed By Media Realty
The Commercial Property for Sale located at 3611 SE 36 Ave SE 36 Ave, Okeechobee, Florida 34971 is currently for sale. 3611 SE 36 Ave SE 36 Ave, Okeechobee, Florida 34971 is listed for $1,150,000.
Property features
Construction
- Year built: 1984
- Condition: Resale
Utilities
- Telecommunication: Internet Access
- Other utilities: Septic Tank
Description
Palm Drive Trailer Park presents a compelling Value Add investment opportunity located just 4 miles from downtown Okeechobee, offering residents convenient access to local services, retail, and employment centers. The property consists of 24 pad sites situated along 36th Avenue, a publicly maintained city street, ensuring dependable infrastructure and municipal service access. The park is also canal-front, with direct water access to Lake Okeechobee. Ownership has recently experienced a shift in motivation and has aggressively reduced the asking price, creating a compelling entry point for investors seeking immediate cash flow with future upside in a supply-constrained submarket. Cap Rate 7.0% at asking price. Easy Management. No Repair and Maintenance. Below Market Rent +8.5% Cap Rate
Location
3611 SE 36 Ave SE 36 Ave, Okeechobee, Florida 34971