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    3551 State Rd West Park, FL 33023

    For Sale
    $2,995,000

    High-traffic retail building, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail property, located at 3551 S State Road 7 in West Park, Florida, 33023, offers a compelling investment opportunity. The single-building property, constructed in 1987, encompasses 2,553 square feet and sits on a substantial 37,476-square-foot lot. Its strategic location provides excellent visibility and accessibility, making it highly attractive to a wide range of businesses. The property's Transit-Oriented Corridor (TOC) zoning allows for diverse development possibilities, including potential redevelopment into a multifamily mixed-use project or expansion for a national retailer. The asking price is $2,995,000. This presents a unique chance for both end-users seeking a well-positioned retail space and developers looking to capitalize on the property's significant potential in a thriving market. The substantial lot size offers ample room for expansion or redevelopment, catering to a variety of business needs and future growth. This property is situated in Broward County, Florida, offering easy access to major transportation routes and a growing consumer base. The combination of its prime location, flexible zoning, and considerable lot size makes this a truly remarkable investment prospect.

    Property Features for 3551 State Rd

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1987
    Buildings
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    West Park
    County
    Broward
    State
    Florida
    Longitude
    -80.2059764
    Latitude
    25.9790596

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail building, prime location.
    Where is this retail property located?
    The property is located at 3551 State Rd West Park, FL.
    What is the asking price?
    The asking price for this property is $2,995,000.
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    3551 State Rd West Park, FL 33023
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3551 State Rd West Park, FL 33023
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