8237 HWY 441 S - Entitled RV Park Development - Okeechobee, FL
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8237 HWY 441 S - Entitled RV Park Development - Okeechobee, FL
18.39 Acres of Commercial Land Offered at £3,950,050 in Okeechobee, FL 34974
Investment Highlights
- Priced at $25,000 Per Entitled Site - Land to Be Sold With Entitlements in Place For a 200 Site RV Development
- Recent RV Parks With No Amenities in Older Shape (and Permanent Homes) Have Traded For $83K a Site in This Market
- Developer Could Build Out Park For Approx. $35K to $40K a Site Plus Land Acquisition Cost
- Nearby Rent Comps Per RV Site Range From $1,300 Per Mo. / $291 Per Wk. Off Season to $2,000 Per Mo. / $500 Per Wk. a Site in Season
- Per Lot Comps For Individually Deeded RV Lots Traded Between $120K to $224K in Okeechobee Recently
- Reach Out For Additional Details and Full CMA of This Development Opportunity in the Okeechobee RV Market
Executive Summary
Capitalize on This Opportunity to Develop a 200 Lot RV Park in the Growing Popular Okeechobee FL RV Market. Market is Made Up of Only a Few Amenity Laden Higher End RV Parks and Flanked By Many Older Communities. The Nice RV Parks in This Market See High Rental Rates and Strong Occupancy Year Round. Given the Town of Okeechobee's Growing Amenities, the Lake and Locations Proximity to the Palm Beaches Make This Location a Strong Draw For RV'ers Traveling and Snow Birding and Living Year Round in Florida. The RV Space in General is Expected to Grow Steadily Over the Next 10 Years Due to Many Retires Entering the Market as Well as Sub 35 Yr Old's Making up 22% of RV Owners.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
Property Facts
| Price | £3,950,050 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 18.39 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | £3,950,050 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 18.39 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot 200
| Price | £3,950,050 | Lot Size | 18.39 AC |
| Price Per AC | £214,793 |
| Price | £3,950,050 |
| Price Per AC | £214,793 |
| Lot Size | 18.39 AC |
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PROPERTY TAXES
| Parcel Number | R1-04-38-36-0A00-00016-0000 | Improvements Assessment | £0 |
| Land Assessment | £116,144 | Total Assessment | £116,144 |
PROPERTY TAXES
Parcel Number
R1-04-38-36-0A00-00016-0000
Land Assessment
£116,144
Improvements Assessment
£0
Total Assessment
£116,144
zoning
| Zoning Code | commercial |
| commercial |
-
William Capone -
Kristen Deninno -
Stephen Kruszenski -
Andrew Ackerman -
Sands Investment Group
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8237 HWY 441 S - Entitled RV Park Development - Okeechobee, FL
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