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    555 16Th St Belle Glade, FL 33430

    For Sale
    $360,000

    Four-unit building, redevelopment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional mixed-use property, located at 555 NW 16th Street in Belle Glade, Florida, presents a compelling redevelopment opportunity. The 2003-built structure comprises four units, offering significant potential for a variety of commercial ventures. Currently in shell condition, the building's flexible layout allows for diverse uses, catering to entrepreneurs seeking a blank canvas for their vision. The property is zoned B-2, a designation that opens doors to a wide range of possibilities, including offices, retail spaces, social clubs, funeral homes, banks, and restaurants. The asking price is $360,000. Situated in Palm Beach County, Florida, with a zip code of 33430, this property boasts a prime location within Belle Glade. While the lot size is not specified, the building's existing structure and versatile zoning provide a strong foundation for a successful commercial undertaking. This is an ideal investment for those seeking a project with high upside potential in a dynamic market. The property's current state allows for complete customization, enabling the new owner to tailor the space to their specific needs and business plan. This presents a unique chance to create a thriving commercial enterprise in a growing community.

    Property Features for 555 16Th St

    General Information

    Property type
    Mixed-use properties

    Building Details

    Year Built
    2003
    Units
    4

    HighLights

    • Asking price: $360,000
    • Mixed‑use property with four units
    • Built in 2003
    • Located at 555 NW 16th Street, Belle Glade, FL 33430
    • Redevelopment opportunity in shell condition; B‑2 zoning allows for various uses including offices, retail, and restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    New Life Tabernacle ... Apostolic Church

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Belle Glade
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.683713
    Latitude
    26.6908492

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    FAQs

    What type of property is this?
    Mixed-use property - Four-unit building, redevelopment opportunity.
    Where is this mixed-use property located?
    The property is located at 555 16Th St Belle Glade, FL.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: Asking price: $360,000; Mixed-use property with four units; Built in 2003
    (954) 816-0756
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    555 16Th St Belle Glade, FL 33430
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    Belle Glade, FL 33430
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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
    555 16Th St Belle Glade, FL 33430
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