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**Exceptional 22-Acre Mixed-Use Development Opportunity on Highway 98* Welcome to a once-in-a-lifetime investment opportunity in the heart of the rapidly expanding Okeechobee area! This remarkable 22-acre parcel of vacant land, embraced by the charm and growth of its surroundings, is your canvas for envisioning a vibrant community. With its coveted Planned Unit Development (PUD) zoning, the potential for this site is as boundless as your imagination!
Situated prominently on Highway 98, this property boasts an impressive **217 feet of highway frontage**, guaranteeing unparalleled visibility and accessibility for your future venture. Just a stone's throw away, you'll find a bustling **7-11 convenience store**—a perfect anchor point for retail or dining establishments. Its strategic location also places you adjacent to **Seminole Elementary School** and merely **1 mile from the Okeechobee County Airport**, making it an ideal spot for commercial or residential development. Immerse yourself in the vibrant lifestyle that Okeechobee has to offer! This property is only **15 minutes away** from the picturesque shores of **Lake Okeechobee**a haven for fishing, boating, and outdoor activities. Additionally, the charming downtown area is within easy reach, providing a delightful mix of local shops, dining, and essential healthcare services. Your development could become a cornerstone of this lively community, enhancing the lives of residents and visitors alike. Picture your vision set against a backdrop of mature oak trees and lush native vegetation. This land is not just a blank slate; it's adorned with natural beauty that will enrich any development. Unlike many properties in the area, this parcel is exceptionally **dry and primed for development**, allowing you to hit the ground running with city water and sewer and without the hassle of extensive land preparation. Owning this 22-acre gem is more than a real estate purchaseit's a strategic investment in the future of Okeechobee. With the area poised for significant growth, diverse development opportunities await, ranging from **retail spaces to residential communities and everything in between**. The flexible PUD zoning allows you to tailor your project in a way that maximizes community engagement and fulfills local needs. Whether you envision a thriving commercial hub, an inviting residential neighborhood, or a harmonious mix of both, this property is your gateway to success. The potential here is unlimited, and your vision can become a reality! **Schedule Your Private Showing Today!** Don't let this rare opportunity slip away! Step into a world of possibilities awaiting you on this extraordinary property. **Reach out to us today to arrange your private showing** and explore the untapped potential that this 22-acre parcel offers. Your dream project in Okeechobee is just a call away!
Exact location enter 27. 26764, -80. 86788 into Google Maps
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $791,600 | $791,600 | $791,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.214% | 6.110% | 6.078% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,557 | $4,746 | $6,627 |
| Total Monthly Payment | $4,649 | $4,838 | $6,719 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.