Address not disclosed, Okeechobee, FL 34947
Address not disclosed, Okeechobee, FL 34947
Address not disclosed, Okeechobee, FL 34947
Address not disclosed, Okeechobee, FL 34947
Address not disclosed, Okeechobee, FL 34947
Address not disclosed, Okeechobee, FL 34947
Ana Piriz
Ana Piriz

Agent License ID: 276553097

+1(561) 234-6836

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$ 1,000,000

$ 1,150,000 13.0%

Est. payment | /mo

944 Acres Lot

$ 1,000,000

$ 1,150,000 13.0%

Est. payment | /mo

944 Acres Lot

Key Details

Sold Price $1,000,000

Property Type Commercial

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID F10523905

Sold Date 07/22/26

Construction Status Resale

HOA Y/N No

Year Built 1984

Annual Tax Amount $26,444

Tax Year 2025

Contingent Other

Lot Size 944.000 Acres

Acres 944.0

Property Sub-Type Multi Family

Property 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

State FL

County Okeechobee

Area 6240 - Nw County (Ok)

Zoning RR

Interior

Interior Features InteriorFeatures

Heating Central, Wall Furnace

Cooling Central Air, Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Accessible Parking

Utilities Available Cable Available, Natural Gas Not Available

Water Access Desc Public

Building

Sewer Septic Tank

Water Public

New Construction No

Construction Status Resale

Others

Tax ID 12537350050000400650

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash

Special Listing Condition Standard

BeachesMLS, Inc. (FLR) IDX
Listed by Peter Dacko III Media Realty
Bought with  Peter Dacko III Media Realty

Learn More About LPT Realty

Ana Piriz
Ana Piriz

Agent License ID: 276553097

+1(561) 234-6836

Name
Phone*
Message

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Address not disclosed