Home » Properties » 1011 S. PARROTT, Okeechobee FL 34972

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Prime Commercial Land on Hwy 441 in Okeechobee, FL

5-acre commercial land with 590 ft frontage on Hwy 441, near Home Depot, Walmart, and Publix in Okeechobee.

$4,200,000

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MLS #A11827131

Listing Updated: 2026-07-11 00:41:26

Listed By: Taylor Realty Group LLC

Overview

This prime commercial land parcel spans approximately 5 acres and offers about 590 feet of frontage along Hwy 441 (Parrott Ave), a major four-lane artery running north-south through Okeechobee city and county. Zoned for commercial use, the property benefits from its proximity to established retailers such as Home Depot, Walmart, and Publix. The area is experiencing significant development, including a national home builder project with over 1,300 approved homesites nearby. New commercial establishments like Starbucks, Dunkin, 7 Brew, and Culvers are also under construction, marking this corridor as a key growth and expansion zone for both commercial and residential development.

Property Highlights

5 acres commercial land, 590 ft road frontage, Hwy 441 location, commercial zoning, near Home Depot, Walmart, Publix, new residential and commercial developments, major traffic artery.

Property Details

City: Okeechobee

State: FL

Zip Code: 34972

Address: 1011 S. PARROTT, Okeechobee FL 34972

Year Built:

Property Type: Commercial Land

Property Sub Type:

Listing Office Name: Taylor Realty Group LLC

County: Okeechobee County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $34,500

Days On Market: 348 Days

Original Listing Description

PRIME COMMERCIAL LOCATION. 5 ACRES + / - . LOCATED ON HWY. 441 ( PARROTT AVE. ). 590 FEET + / - OF ROAD FRONTAGE. FOUR ( 4 ) LANES , NORTH / SOUTH BOUND, MAJOR ARTERY THRU THE CITY / COUNTY OF OKEECHOBEE. COMMERCIAL ZONING , CLOSE PROXIMITY TO HOME DEPOT, WALMART AND PUBLIX. NEW DEVELOPMENT HAS ARRIVED , WHICH INCLUDES : NATIONAL BUILDER ON CHARLES HARVEY ROAD, APPROVAL FOR 1300 + / - HOMESITES, NEW STARBUCKS ( UNDER CONSTRUCTION ) , DUNKIN , 7 BREW ( UNDER CONSTRUCTION ) AND CULVERS. THIS IS THE NEW CORRIDOR FOR NEW COMMERCIAL GROWTH AND EXPANSION AND RESIDENTAL DEVELOPMENT.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

1011 S. PARROTT, Okeechobee FL 34972

About This Neighborhood

Located on Parrott Avenue, this property sits within a growing commercial corridor in Okeechobee. The neighborhood features established big-box retailers and new developments, creating a mixed-use environment that supports retail, dining, and residential growth. The area benefits from good road infrastructure and easy access to surrounding communities, making it a convenient location for businesses targeting local residents and travelers along Hwy 441.

Walkability & Lifestyle

While primarily commercial and adjacent to major roadways, the area around this property offers convenient access to retail stores, dining options, and essential services. The nearby presence of Home Depot, Walmart, and Publix supports daily errands and shopping needs. Although walkability may be limited due to the highway setting, the development of new businesses and residential areas is likely to improve pedestrian infrastructure over time.

Things To Do Nearby

Okeechobee provides a variety of recreational and lifestyle opportunities, including nearby parks, lakes, and outdoor activities. The city’s growing commercial corridor offers dining and shopping options, while waterfront areas and marinas are accessible within a short drive. Residents and visitors can enjoy fishing, boating, and local events, making the area appealing for both business and leisure.

Nearby Schools

The property’s location in Okeechobee provides access to local schools serving the community. Families residing in nearby residential developments will find educational facilities within reasonable commuting distance, supporting the area’s appeal as a mixed-use neighborhood. Convenient school access enhances the overall desirability for businesses catering to families and local residents.

Why Buyers Like This Area

Buyers appreciate this property for its strategic location on a major highway with excellent road frontage and commercial zoning. Its proximity to established retailers and new developments offers a strong foundation for future growth. The expanding residential community nearby supports demand for commercial services, making this land attractive for businesses seeking to establish or expand their presence in Okeechobee.

Investment Potential

This 5-acre commercial land parcel in Okeechobee offers strong potential for future development due to its strategic location on Hwy 441, a major thoroughfare. The proximity to large retailers and ongoing residential projects enhances its appeal for commercial enterprises seeking visibility and accessibility. The area’s growth trajectory, supported by new national homebuilder developments and popular retail chains, suggests increasing demand for commercial spaces. Buyers interested in long-term opportunities will find this property positioned within a dynamic corridor poised for expansion.

Market Trends

Okeechobee’s commercial real estate market is experiencing gradual growth driven by new residential developments and increasing retail demand. The presence of national chains and approvals for over 1,300 new homesites indicate a rising need for commercial services and amenities. This market trend supports steady interest from buyers and developers looking to capitalize on expanding consumer bases and infrastructure improvements in the region.

Rental Income Potential

While this property is raw commercial land, its location along a busy highway and near major retailers suggests attractive potential for leasing once developed. Businesses in this corridor benefit from high visibility and traffic flow, factors that typically attract tenants. Seasonal demand related to regional growth and new housing developments may also contribute to tenant interest, making the land suitable for future commercial leasing opportunities.