Commercial: MLS #F10523905 Okeechobee, FL $ 1,150,000
Commercial: MLS #F10523905
$ 1,150,000
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Commercial: MLS #F10523905

Okeechobee, FL, 34971
$ 1,150,000
Bedrooms24 Baths--

Monthly Estimate*

$ 7,175

MLS #/Web ID: F10523905 - Image 1
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Commercial Property for sale in Okeechobee, FL

for $1,150,000 with 24 bedrooms. This building was built in 1984 on a lot size of 944.

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

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Commercial Active

Price

$ 1,150,000

Bedrooms

24

Property Type

Commercial

Taxes

$ 26,444

Style

Lot Size

944

Year Built

1984

Town/City

Okeechobee

County/Region

Okeechobee

MLS | Web ID

F10523905

List By
Media Realty

Broker

mediarealty@earthlink.net

Email

Affordability Calculator

$9,378
Per Month
77%
23%
0%
Monthly Principal & Interest
$7,175
Monthly Property Taxes
$2,204
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
295894 Elementary School
296011 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/17/2025$1,150,000 -17.56% Price Down
11/21/2025$1,395,000 -9.12% Price Down
8/28/2025$1,535,000 Listed Price

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