Overview

Description

The Subject Property is currently utilized as agricultural land with approved future land use of 61± acres of commercial zoning directly along US-441 with excellent visibility and 260± acres of residential, as well as an additional deeded access point at the rear of the property providing potential investors endless options for a future residential/commercial/mixed-use development of scale in this high growth corridor.

This is the only remaining parcel suitable for large scale/big box development available in Okeechobee County. The site is zoned for 870,000+ square feet of retail/commercial space and 520+ multi-family units and 26, five-acre residential parcels. The property is located 2 miles north of the Super Walmart and Home Depot as well as other retailers such as Tractor Supply, Harbor Freight, Publix, Winn-Dixie, and most of the major retailers and restaurants. The county Airport is just south of this parcel, and I-70, which is the main East-West highway running from Tampa to the Palm Beach Coast is 2.5 miles south.

The property features over 1/2 miles frontage on US-441 only 2.5 miles North of SR-70, and is adjacent to the proposed SR-70 connector. There are large water and sewer lines to the property with adequate capacity. Electricity, phone and cable are already to the site. Property currently benefits from agricultural exemption providing lower taxes until the time of a change in use. This property offers a wealth of opportunities for development for the right buyer. The Seller will accept a contract subject to final DCA and zoning approvals.

The Site is currently zoned agricultural and approved for future land use of commercial and urban residential providing potential investors endless options for a future residential/commercial/mixed-use development of scale in this high growth corridor. Located on the West side of US 441 just north of downtown, this 321± acre parcel is the largest contiguous strip of raw land available in
Okeechobee County.

Okeechobee is centrally located south of Orlando and less than an hour West of the Treasure Coast. As housing prices have risen dramatically in Orlando and the Treasure Coast in the last five years, Okeechobee County is the best choice for families seeking lower housing costs within a reasonable distance of employment, as is the next County in Florida that will experience rapid growth in the economic cycle. A planned Seminole Indian Casino expansion and proposed development of the largest water them park in the country in abutting Glades County will also have a positive impact on development in Okeechobee.Okeechobee County Airport is two blocks South of this property.

The property is located 2 miles north of the Super Walmart and Home Depot as well as other retailers such as Tractor Supply, Harbor Freight, Publix, Winn-Dixie, and most of the major retailers and restaurants. The county Airport is just south of this parcel, and I-70, which is the main East-West highway running from Tampa to the Palm Beach Coast is 2.5 miles south.

Highlights

• 321± Acres AG Land with Future Commercial and Residential Zoning Approved
• 2,640 ft. of Direct Commercial Frontage on US-441, 1,000 ft deep, 2.5 miles north of SR-70
• Future approval for 870,000+ square feet of retail/commercial space and 520+ multi-family units and 26, five-acre residential parcels.
• Electric, Water, Sewer, Cable and Phone Available
• In Town Close to Shopping and Restaurants
• Insignificant Wetlands (0.58 Acre)
• 22,000 Residential Units Approved or in Approval Process in Surrounding Area
• Current Traffic Count 11,000 VPD - Projected 28,000 VPD

Documents

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