Basic Information

  • MLS # F10490739
  • Type Commercial
  • Status Active
  • Subdivision/Complex North Lake Bus Park
  • Total Size 55,921 Sq.Ft / 1.28 Acre
  • Date Listed 03/06/2025
  • Days on Market 70
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.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description
  • Style Commercial

Interior Features

  • Adjusted Sqft 1.28 AcreSq.Ft
  • Sqft 1.28 Acre Sq.Ft

Property Features

  • Address 2821 SW 3rd Ter
  • Aprox. Lot Size 55,921
  • City Okeechobee
  • County Okeechobee
  • Furnished Info no
  • Lot Features Central Business District, City Lot
  • Possession Close Of Escrow
  • Postal City Okeechobee
  • Public Survey Township 28
  • Sewer Description Public Sewer
  • HOA Fees $0
  • Subdivision Complex
  • Subdivision Info North Lake Bus Park
  • Tax Amount $14,836
  • Tax Legal desc N O R T H L A K E B U S I N E S S P A R K( P L A T B O O K5 P A G E70) L O T S2,3&4
  • Tax Year 2024
  • Type of Property Commercial
  • Water Source Public

2821 SW 3rd Ter

Okeechobee, FL 34974

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