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NW 8th St - Fully Entitled and Permitted Industrial Land

250 Acres of Industrial Land Offered at £10,257,000 in Okeechobee, FL 34974

Virtual Tour

Investment Highlights

  • Okeechobee West Industrial Park offers a prime development location with frontage to CSX Freight/Amtrak Rail and State Road 70.
  • Nearby developments have drawn retailers like Dunkin', Walmart Supercenter, McDonald's, Marathon, Starbucks, The Home Depot, Holiday Inn, and more.
  • NMTC-qualified, Okeechobee County has emerged as a burgeoning industrial hub for businesses seeking a crucial central location.
  • Lots range from 10 to 34 acres, with the flexibility to acquire multiple tracts or the entire development site, providing optionality to developers.
  • Proximity to Class 1 rail, four interstate highways, seven deep-water ports, two coasts for global shipping, and 19 airports (eight international).
  • Seize the opportunity in the Sunshine State, which has the nation's number one economy and is second in the workforce and access to capital.

Executive Summary

Okeechobee West Industrial Park presents a rare opportunity for industrial development on 250 gross acres of well-located land. This expansive site, with frontage to the CSX Freight/Amtrak Rail and State Road 70, includes 14 land tracts ranging from 10 to 34 acres, offering substantial development potential. With approximately 200 net acres of buildable land, this property is zoned I-2 for heavy industrial use, has 45-foot height restrictions, and has a maximum land coverage of 90%. Depending on business needs, developers can acquire multiple tracts or the entire site with build-to-suit potential.

The park benefits from its proximity to major commercial amenities and services, including Dunkin', Walmart Supercenter, McDonald's, and Starbucks, as well as direct access to US Highway 98 and US Highway 441. Okeechobee County, emerging as a vital industrial hub, is supported by its rapidly growing population and pro-business local government, making it a prime location for investment and growth. Additionally, the site is qualified for the New Markets Tax Credit Program (NMTC), enhancing its appeal to investors. Ownership is open to exploring various collaborative opportunities, including joint ventures, creative deal structures, and flexible financing arrangements. They are committed to finding innovative solutions that align with mutual goals and welcome discussions on partnerships and other strategic moves.”

With access to significant Florida markets such as Miami, Tampa, Orlando, and West Palm Beach, the property connects to crucial infrastructure, including Class 1 rail, four interstate highways, seven deep-water ports, two coasts for global shipping, and 19 airports (eight of which are international). With exceptional connectivity, Okeechobee West Industrial Park is a highly advantageous site for industrial ventures seeking to capitalize on Florida's robust and diverse economy.

Sale Flyer

Property Facts

Price £10,257,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Industrial
Proposed Use
Commercial
  • Industrial
  • Mixed Use
  • Distribution
  • Industrial Live or Work Unit
  • Industrial Park
  • Research and Development
  • Warehouse
Total Lot Size 250.00 AC

1 Lot Available

Lot 1-14

Price £10,257,000
Price Per AC £41,028
Lot Size 250.00 AC

Zoned I-2 heavy industrial. Substantial development potential with building height restrictions of 45 feet and a maximum land coverage of 90%.

Description

14 properties ranging from 10 acres to 34 acres. Substantial development potential with building height restrictions of 45 feet and a maximum land coverage of 90%.

DEMOGRAPHICS

Regional Accessibility

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
Orlando
285,713
109
2 h 12 m
Miami
470,914
130
2 h 48 m
Saint Petersburg
265,098
133
2 h 50 m
Tampa
392,890
147
3 h 9 m
Jacksonville
903,889
254
4 h 57 m
Atlanta
498,044
538
9 h 55 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
35,958
Total Labor Force
14,798
Unemployment Rate
3.05%
Median Household Income
$47,336
Warehouse Employees
1,420
High School Education Or Higher
82.60%
$ values in USD

Nearby Amenities

Hotels

Hampton by Hilton
85 rooms
9 min drive
Holiday Inn Express
65 rooms
10 min drive
Best Western
43 rooms
11 min drive

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R1-18-37-35-0A00-00002-0000
Land Assessment
£1,450,261
Improvements Assessment
£482
Total Assessment
£1,450,743

zoning

Zoning Code Industrial (Industrial)
Industrial (Industrial)

Sale Advisor

Sale Advisor

(347) 232-3700
Contact
Jonathan Einhorn, President
(347) 232-3700
Contact
For more than 30 years, Jonathan has been working in the ownership and management of the family’s portfolio of Commercial/Multi-family properties located throughout the US. By way of example, some of the properties Jonathan continues to own and manage include Oaklee/Leeds, 397 Units, and 1001 Arion Park Road, Baltimore, MD. The Vue, 109 Units, 4545 Wheeler Road, Oxon Hill, MD. Oakley Village,230 units, 5600 54 Avenue Riverdale, MD. Las Vegas Portfolio, 480 Units, 5155 Escondido Street, Las Vegas, NV.
  
In 2019, Jonathan relocated to Miami and founded Einhorn Capital Group “ECG,” focusing solely on land acquisitions throughout Central and South Florida. ECG investments thus far include Emerald Green Apartments, and 190 ground development in Okeechobee, FL. site work will commence on Oct 2022. Aura Estates, ground-up development of 11 Villas and a small plaza. 1700 N Andrews Ave Fort Lauderdale, FL. 257 Acres of heavy Industrial land. It is currently being plotted; the plan is to build an industrial park with railroad access.
  
Jonathan graduated from New Castle University, London, where he earned his Master’s in Talmudical studies.
  • Listing ID: 32734345

  • Date on Market: 08/08/2024

  • Last Updated:

  • Address: NW 8th St, Okeechobee, FL 34974

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