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2821 3rd Terrace
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PRICED AT ONLY: $1,795,000

Address: 2821 3rd Terrace, Okeechobee, FL 34974

Description

Fully leased 17,640 sq ft commercial plaza on 1.291 acres. Recently remodeled and known as Cedar Plaza, this plaza consist of 14 individual leasable bays. Current leases in place are 2 year leases with a built in annual escalator, current actual income reflects a 7% cap rate at asking price with room to grow income. Located just off Hwy 441 South and 1 block West of Home Depot makes this property a great income producer for investors.

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  • MLS#: F10490739 ( Land & Docks )
  • Street Address: 2821 3rd Terrace
  • Viewed: 85
  • Price: $1,795,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Acreage: 1.28 acres

Description

Fully leased 17,640 sq ft commercial plaza on 1.291 acres. Recently remodeled and known as Cedar Plaza, this plaza consist of 14 individual leasable bays. Current leases in place are 2 year leases with a built in annual escalator, current actual income reflects a 7% cap rate at asking price with room to grow income. Located just off Hwy 441 South and 1 block West of Home Depot makes this property a great income producer for investors.
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Features
Eco-Communities
  • Water Source: Public
Utilities
  • Road Frontage Type: Public Road
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Sewer Available, Water Available, Other, Irrigation Water Onsite
Finance and Tax Information
  • Tax Year: 2024
Other Features
  • Legal Description: NORTH LAKE BUSINESS PARK (PLAT BOOK 5 PAGE 70) LOTS 2, 3 & 4
  • Parcel Number: R12837350020000000020
  • Views: 85
Nearby Subdivisions
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