Illustrated Properties Real Es
Listed by Illustrated Properties Real Es
$559,000
238 US Highway 441
Details
APN R10338350A0000004C000
Property Type Mixed Use, Business for Sale
Sub Type Business Only, Traditional Office
Square Footage 5,537
Units 3
NOI $33,044
Year Built 1984
Buildings 1
Stories 2
Acreage 0.343
Mixed Use | 5,537 SqFt
Marketing description
This income-producing commercial property features direct lake access, a private boat ramp, and a sea wall, making it ideal for marine-related businesses or future mixed-use development.Currently leased to two tenants generating $40,800 annually, the property offers stable cash flow with significant upside potential. 2BD2BA 1BD1BA. The Commercial Corridor Mixed Use future land use designation allows for a wide range of development possibilities including retail, office, residential mixed use, hospitality, Light Industrial and Warehousing, Public and Institutional Uses. Possibility for additional parking. Lake Okeechobee is the largest freshwater lake in Florida and the second-largest freshwater lake entirely within the contiguous United States.
Listing Contacts
Illustrated Properties Real Es
Listed by Illustrated Properties Real Es
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$33,044.00
$2,753.67/mo
Valuation Metrics
0
DSCR
5.91%
Cap Rate
5.91%
ROI
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