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238 US Highway 441, Okeechobee, FL 34974 (MLS# F10546489)

238 US Highway 441, Okeechobee, FL 34974

$559,000
Property Type: Commercial Sale Square Footage: 5,537 Status: Active
Current Price: $559,000 List Date: 1/20/2026 Last Modified: 4/23/2026

Overview

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 Details MLS# F10546489

General Property Information

Number Of Buildings
Yes
Property Sub Type
Mixed Use
Number Of Units Total
3
Building Area Main
5537
Year Built
1984
Lot Size Area
14941
Lot Size Acres
0.34
Stories Total
2
Leasable Area
4182

Property Features

Business Type: Commercial Location of Property: County Location Parking Features: Common Property Condition: Resale Sale Includes: Land Listing Terms: 1031 Exchange; Cash; Conventional Structure Type: Mixed Use

Contract Information

Comp Sale YN
No
Original List Price
599000

Location and Legal

Country
United States
County Or Parish
Okeechobee
County Parish Name
Okeechobee
Street Number
238
Street Name
US Highway 441
City Name
Okeechobee
State Or Province
FL
Postal Code
34974
Postal Code +4
7410
Area
6220 - SE County (OK)
Geographic Area
OKCB - Okeechobee
Parcel Number
R10338350A0000004C000

Financial Information

Tax Annual Amount
6412
Tax Year
2025
Tax Assessed/SOH Value
318945
Tax Legal Description
BEGINNING AT THE NORTHWEST CORNER OF SECTION 3, TOWNSHIP 38 SOUTH, RANGE 35 EAST, AND RUN THENCE NORTH 89 48'48" EAST ALONG SECTION LINE A D
Assessor Market Value
318945

Status Change Information

Major Change Timestamp
2026-03-11T18:41:27Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-03-11T18:41:27Z
Status Change Date
2026-01-20

More Information

Building and Property Details

# Of Tenants
2

Short Sale Details

Short Sale Addendum
No

Income and Expenses

Gross Income
40800
Net Operating Income
33044
Operating Expense
7756
Real Estate Taxes
6412
Utilities Expense
1200
Occupancy Percentage
100
Vacancy Allowance Rate
0

Price Calculations

Current Price To SqFt
108.18

Section Details

Parcel Number MLX
C000

Originating Details

Originating System Key
609018125
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
FLL

Parking Features

Common
Yes

Property Condition

Resale
Yes

Structure Type

Mixed Use
Yes

Location of Property

County Location
Yes

Business Type

Commercial
Yes

Sale Includes

Land
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes
IDX
Listing Office: Illustrated Properties LLC (Co
Last Updated: April - 23 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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