|
Prime Retail/Restaurant Opportunity in Okeechobee’s Booming Growth Corridor Seize this rare opportunity to acquire a once-thriving 4, 580± SF restaurant facility with an additional 2, 500± SF of prime retail/office space—perfect for expansion, lease income, or potential condo resale. Situated on a 1-acre corner lot with full median turn access, this high-exposure site offers exceptional visibility, signage, and abundant parking along one of Okeechobee’s busiest commercial arteries. Located just 1 mile north of Walmart and positioned directly on the main retail route to Home Depot, Aldi, and Publix, this property sits at the heart of Okeechobee’s most dynamic trade area. Surrounding development includes new residential communities and the planned Bass Pro Fishing Resort at Lake Okeechobee, projected to bring a surge of tourism, jobs, and retail traffic to the region. Whether you’re an owner-operator seeking to reopen or reimagine a restaurant in a proven location—or an investor pursuing strong income potential and long-term appreciation—this property offers unmatched upside and flexibility. The additional 2, 500 SF can be separately leased or sold as an office/retail condo, providing immediate value-add potential. Highlights: 1-acre corner lot with full median cut & high visibility 4, 580± SF restaurant + 2, 500± SF flex/office or retail space Excellent parking, signage, and traffic flow 1 mile north of Walmart / near Aldi, Publix & Home Depot Within Okeechobee’s fastest-growing retail & residential corridor Zoned for commercial use with multiple reconfiguration options Surrounded by major retail, new housing, and destination development Act fast—properties with this much exposure, access, and potential are rarely available in Okeechobee’s expanding retail corridor.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$2,499,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,999,920 | $1,999,920 | $1,999,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.875% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.229% | 6.007% | 5.952% |
| Monthly Tax Payment | $57,388 | $57,388 | $57,388 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,355 | $11,830 | $16,608 |
| Total Monthly Payment | $68,868 | $69,343 | $74,121 |
* 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.