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    631 Northlake Blvd North Palm Beach, FL 33408

    For Sale
    $6,500,000

    Marina & Bait Shop - Prime Location

    Property size:
    4,310 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use property, located at 631 Northlake Blvd in North Palm Beach, Florida (zip code 33408), presents a unique investment opportunity. Boasting a prime waterfront location, this 4,310 square foot building combines a thriving marina with an established bait and tackle shop. Built in 1962, the property is offered at an asking price of $6,500,000. The single-unit structure sits on a lot with dimensions not specified in the provided information. The property's classification includes mixed-use, retail, and special purpose designations, making it suitable for a variety of uses. The existing bait and tackle shop comes complete with all inventory, providing a turnkey operation for a new owner. This owner/user investment opportunity is situated in the desirable Palm Beach County area, offering excellent access to the Intracoastal Waterway and the Atlantic Ocean. The property's waterfront position and established business provide significant potential for growth and profitability. The combination of marina and retail space creates a synergistic business model with established clientele. This is a rare chance to acquire a well-established waterfront business in a highly sought-after location. Serious inquiries are encouraged.

    Property Features for 631 Northlake Blvd

    General Information

    Property type
    Marinas
    Square Feet
    4,310 SF

    Building Details

    Year Built
    1962
    Units
    1

    HighLights

    • Prime waterfront mixed‑use property at 631 Northlake Blvd, North Palm Beach, FL 33408.
    • 4,310 sq ft building with established bait and tackle shop and marina.
    • Asking price: $6,500,000.
    • Turnkey operation with existing inventory included.
    • Desirable Palm Beach County location with Intracoastal Waterway and ocean access.
    • Excellent growth potential due to waterfront location and established business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lott Brothers Inc Fishing Store

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.067599
    Latitude
    26.8082009

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    FAQs

    What type of property is this?
    Marina - Marina & Bait Shop - Prime Location
    Where is this marina located?
    The property is located at 631 Northlake Blvd North Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: Prime waterfront mixed-use property at 631 Northlake Blvd, North Palm Beach, FL 33408.; 4,310 sq ft building with established bait and tackle shop and marina.; Asking price: $6,500,000.
    Request Owner's contact information
    631 Northlake Blvd North Palm Beach, FL 33408
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    North Palm Beach, FL 33408
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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
    631 Northlake Blvd North Palm Beach, FL 33408
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