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Wade M. Berlin

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

Address: 2821 3rd Ter, 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 ( Commercial/Business/Agricultural/Industrial Land )
  • Street Address: 2821 3rd Ter
  • Viewed: 9
  • Price: $1,795,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 250
  • Acreage: 1.29 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
Property Information
  • Styleof Property: Other Style
  • Typeof Property: Commercial
Land Information
  • Lot Depth: 150
  • Lot Description: 1-2.5 Acres
  • Lot Frontage: 375
  • Lot Sq Footage: 55921
  • Subdivision Name: North Lake Bus Park
  • Total Acreage: 1.2900
Eco-Communities
  • Environmental Audit: Unknown
  • Water Description: Municipal Water
Utilities
  • On Site Utilities: Electric, Gas, Other Utilities Available, Sewer, Water
  • Sewer Description: Public Sanitation
  • Utilities Available: Irrigation Water, Other Utilities Available, Sewer, Water
Finance and Tax Information
  • Dade Assessed Amt Soh Value: 824958
  • Dade Market Amt Assessed Amt: 824958
  • Tax Year: 2024
Other Features
  • Board Identifier: BeachesMLS
  • Comprehensive Plan Use: Other Plan Use
  • Country: United States
  • Geographic Area: OK10
  • Legal Description: NORTH LAKE BUSINESS PARK (PLAT BOOK 5 PAGE 70) LOTS 2, 3 & 4
  • Location: Central Business District, City Location
  • Parcel Number Mlx: 0020
  • Parcel Number: R12837350020000000020
  • Possession Information: At Closing
  • Postal Code + 4: 5966
  • Section: 28
  • Usage: Other Usage
Nearby Subdivisions
0   3rd Add To Buckhead Ridge   3rd Add To Buckhead Ridge Sub   Ancient Oaks   Ancient Oaks Rv Residence   Ancient Oaks Rv Residence 03   Bet-her Acres   Blue Heron Golf & Cc Ph 0   Blue Heron Golf & Country Club   Bridlewood Ranches   Brindaban Forest Sub Un 4   Buckhead Ridge   Buckhead Ridge Sub   Cabbage Wood Ranches   Cabbage Woods Ranches   City   Community Of Buckhead Ridge   Conners Gables   Connors Gables Revised   Consolidated Land Co   Consolidated Land Co Sub   Four Seasons   Four Seasons Estates   J & S Park Estates   Lakeside Shores   Lar-kee Lakes   Larkee Lakes 2nd Add   Martin County Ranch Community   N/a   Na   No Subdivision   None   North Lake Bus Park   Oasis Village   Okee-simmee   Okeechobee   Okeechobee Hammock Rep   Okeechobee Hammock, Section 4   Ousley Estates   Prairie   River Oak Acres   Sherman Wood Ranches   Silver Palms   Silver Palms Rv Reosrt   Silver Palms Rv Resort   Silver Palms Rv Rrsort   Silver Palms Rv Village   Silver Palms Rv Village P   Silver Palms Rv Village Ph 01   Silver Palms Rv Village Ph 1   Silver Palms Rv Village Ph Ii   Silver Palms Rv Village Ph One   Silver Palms Rv Village Resort   Southern Colonization   Spot In The Sun   Suncreek Ranch   Sunset Waters   Taylor Creek   That's Up To You!   The Southern Colonization   The Southern Colonization Comp   Town Of Harding Sec 02   Treasure Island   Treasure Island Un 02   Vikings   Waterway/lk Okeechobee   Wilcox Shores  
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Wade M. Berlin

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