Home » Loxahatchee Groves » 12900 Okeechobee Boulevard, Loxahatchee Groves, FL 33470 | R10566868/RX-10566868

12900 Okeechobee Boulevard, Loxahatchee Groves, FL 33470 | For Sale

$7,500,000
Price has increased by $1,500,000

Property Highlights

Listing ID R10566868/RX-10566868 Status of this Listing: Active For Sale Property Type Commercial Sale Other Time of this property on Rebonus 1791 Day(s)
18 Photos of this Property

12900 Okeechobee Boulevard, Loxahatchee Groves, FL 33470

Property Description: This is an incredible opportunity to own and develop right in the middle of the growing western communities. With Royal Palm Beach to the East and all of the development to west such as Westlake and Wellington to the South you can not go wrong with this location. The site plan has already been approved through the Town of Loxahatchee Groves. The Commercial Zoning has already been approved. The approval is for 30,000 SF mixed use with 700 sq ft frontage on Okeechobee Blvd. Approved for a restaurant, a drive through restaurant/ doughnut shop and office buildings. The site plan drawings have been completed and the site is ready to build. If your looking for a project that is ready to go this is it.

Useful Info

Previous Asking Price:$8,000,000
Original List Price:$6,000,000

Lease Details

Lease Terms Description:11 Years Plus Lease,Land Lease,Long Term Lease

Land Lot (Parcel) Details

Lot Size Acres:10

Construction

Flooring:
  • Other

Property Features

Waterfront:No
Roof:
  • Other
Air Conditioning System:
  • Other
Heating System:
  • Other

Taxes and Expenses

Tax Annual Amount:$13,030

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2018

Terms

Documents Available:
  • Survey
  • Environmental Study
Listing Terms Considered by Seller:
  • Cash
  • Lease with Buyer Option to Purchase Agreement
Lease Term:
  • Long Term
Tenant Pays:
  • Exterior Electric
Lease Considered:No

Community

Subdivision Name:LOXAHATCHEE GROVES
Complex Name:LOXAHATCHEE GROVES
Senior Community:No

Parking

Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Electricity Available
  • Sewer Available
  • Water Available
  • Underground Utilities
Water Source:
  • Public

More Details

Other Information:
Data exchange original Listing Number: RX-10566868

Zoning and Legal

Tax Legal Description:LOXAHATCHEE GROVES TR 33 (LESS W 1158.6 FT, E 50.02 FT & NELY TRGLR PAR ADDL FOLSOM RD R/W) BLK F
Real Estate Folio Number (Parcel Number):41414317016330010
Zoning Description:0101 com

Listing History

Update/EventDate/Days
Published Date:October 4, 2019 12:58 pm
On Market Date:October 4, 2019
Listing Contract Date:October 4, 2019
Price Change Date Time:February 20, 2023 12:00 am
Last Important Update Description:Price Change
Date and Time of Last Important Update:February 20, 2023 6:38 pm
Status Last Changed:November 6, 2020 12:00 am
Photos Last Modified:September 10, 2023 10:59 pm
Last Modified:August 25, 2024 5:35 am
Days on the Market Reference Date:August 25, 2024
Days on the Market (updated on Last Modified*):1787
Cumulative Days on the Market (updated on Last Modified**):1787

Additional Information

Lot Size Range:,
Number of Photos Count:18
Geographical Area:Palm Beach 5540ab; 5560ab; 5590b
Area:5590
Ref ID:361244919
Automated Valuation Display:Yes
Courtesy of:Reliant Realty ERA Powered
Universal Property Id:US-12099-N-41414317016330010-R-N

Location

Show Property Address:Yes
Street Name:Okeechobee Boulevard
Street Number:12900
Street Address:12900 Okeechobee Boulevard
City : Loxahatchee Groves
State : Florida
Zip Code : 33470
County : Palm Beach County
Full Address:12900 Okeechobee Boulevard, Loxahatchee Groves, FL 33470
Latitude:N26° 42' 18.7''
Longitude:W81° 45' 10.8''

Neighborhood

Postal City:Loxahatchee Groves

Property Map