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2821 SW 3rd Terrace, Okeechobee, FL 34974

Local realty services provided by:CENTURY 21 Tenace Realty
2821 SW 3rd Terrace,Okeechobee, FL 34974
$1,795,000
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  • 1.29 Acres
  • Lots / Land
  • Active
Listed by: bryan holden
Office: the tucker group, llc.
MLS#:F10490739
Source:RMLS

Price summary

  • Price:$1,795,000

About this home

Fully leased 17,640 sq ft commercial plaza on 1.291 acres. Recently remodeled and known as Cedar Plaza, this plaza consist of 14 individual leasable bays. Current leases in place are 2 year leases with a built in annual escalator, current actual income reflects a 7% cap rate at asking price with room to grow income. Located just off Hwy 441 South and 1 block West of Home Depot makes this property a great income producer for investors.

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Home facts

  • Listing ID #:F10490739
  • Added:183 day(s) ago
  • Updated:January 24, 2026 at 03:51 PM

Structure and exterior

  • Lot area:1.29 Acres

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$1,795,000
  • Tax amount:$14,836 (2024)
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