This expansive 40.84-acre property in Okeechobee is located at the Florida Turnpike/State Road 60 exit at Yeehaw Junction - only 30 minutes from Vero Beach and central to all major Florida markets. Currently zoned RMH residential with almost 6 acres of the property approved for commercial future land use. In addition to potential residential development, this property is in a prime location for various industrial and commercial uses such as distribution centers or mixed use. Features 1700 feet of frontage on the Turnpike with an income-generating billboard and 1700 feet of frontage on US 441/Kenansville Rd. Owned by the same family for over 50 years. The adjacent 205+ acre property is also available for purchase for a potential of 246+ acres combined.
5001 S Kenansville Road, Okeechobee, FL, 34972
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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