Building Details

Year Built 1943

Listing Agency: Douglas Elliman Jupiter M***@Elliman.com Show Phone

Listed By: Matthias Jay Fretz · License #3283808 Show Phone

Source: Exitrealty

Added: Oct 16, 2024 Changed: Jul 6 Last Checked: Aug 7 at 1:30AM

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Investment Insights

Based on property information with market context.

This is an eight-unit CBS building comprised of two 1-bedroom/1-bath units and six studios. The property is located one block from the ocean, presenting an opportunity for income generation. The building has a property size of 1,836 square feet.

Key Highlights

• Income‑producing 8‑unit building
• Only 1 block from the ocean
• CBS (Concrete Block Structure) building

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Storage Facility Home Appliance Store Butcher Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

807

Businesses Nearby

Explore this area Business Placement

Demographics for 33480, FL

10,716

Population

12,438

Households

0.9

Avg Household Size

68

Median Age

65%

College-Educated

98%

High-School Grad

3.9 sq mi

ZIP Area

2,748

Density / Sq Mi

$151,121

Median Household Income

$81,850

Median Earnings

$1,840

Median Rent

$1,218,500

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Eight-unit building, one block from the ocean, great income potential.

Where is this apartment building located?

The property is located at 172 N County Road Palm Beach, FL.

What is the asking price?

The asking price for this property is $7,500,000.

What are key features of this property?

This property features: Income‑producing 8‑unit building; Only 1 block from the ocean; CBS (Concrete Block Structure) building