1412 SW 99th DRIVE
About This Property
5 seperate contiguous parcels. Paved Road frontage on a dead end street.
Zoning: Agricultural, Single-Family, Multifamily, Special Acceptance for Commercial & Industrial Use.
Discover the endless potential with these 5 contiguous parcels totaling 4.99 acres. Situated in Okeechobee Florida, a prime location near world-renowned Lake Okeechobee, famous for its bass fishing tournaments. This property offers a rare blend of zoning flexibility, including agricultural, single-family, and multifamily uses, with special acceptance for commercial, industrial, or storage facility applications.
**Key Highlights:**
**Location:** Adjacent to Lake Okeechobee, with easy access to boat launches at Scott Driver Park.
**Future Development:** Positioned next to the upcoming 100-acre Bass Pro resort, which will attract significant tourism and investment to the area.
- **Zoning Flexibility:** Ideal for agricultural, residential, or commercial development. Special use acceptance allows for unique ventures such as storage facilities or light industrial operations.
One of the parcels is 3.25 acres with an old Cracker house built in 1939, offering excellent potential to be rezoned for a restaurant, beer bar, or other hospitality-related business.
- **Growth Potential:** With the planned Bass Pro development, this property presents a lucrative opportunity for the right investor or developer.
This property offers boundless opportunities for someone with the vision to capitalize on the booming local economy. Whether you're looking to develop a business, build multifamily homes, or create a recreational haven, this parcel is your canvas.
**Contact us today** for more details and to schedule a viewing. Check with Glades County Building and Zoning for Due Diligence.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 28, 2025 | Sold | ||
| Sold | |||
| Feb 3, 2025 | In contract | - | |
| In contract | |||
| Sep 19, 2024 | Listed by TWO TEN REALTY | $299,000 | |
| Listed by TWO TEN REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017