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    700 Park Ave Lake Park, FL 33403

    Sponsored
    For Lease
    $15 SF/Yr

    Prime Retail Space, Lake Park, FL

    Lot size:
    23,760 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity in Lake Park, Florida, presents multiple spaces within a vibrant plaza at 700 Park Ave. The property, built in 1962, encompasses 23,760 square feet on 1.22 acres and features two stories. Available spaces range from 325 to 9,000 square feet, catering to diverse business needs. The plaza benefits from high visibility and significant foot traffic, enhanced by its location amidst established businesses and ample parking. The area boasts a strong demographic profile, with an average household income exceeding $105,000 within a three-mile radius and over 85,000 residents within the same area. Daily traffic surpasses 6,000 vehicles. Nearby developments, including a new luxury condo complex and a new apartment complex, further enhance the property's appeal and potential for growth. A proposed large residential project will add to the already substantial residential population surrounding the plaza. The property's Palm Beach County location (APN: 36-43-42-20-01-010-0010, Zip Code: 33403) offers easy access and strong market presence. This is an ideal location for businesses seeking high visibility and a thriving customer base.

    Property Features for 700 Park Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,760 SF
    Total Rate
    29700

    Building Details

    Year Built
    1962
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 700
    Size
    9,000 SF
    Rate per SF
    $15
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Park
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0668084
    Latitude
    26.7982874

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, Lake Park, FL
    Where is this retail property located?
    The property is located at 700 Park Ave Lake Park, FL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    Request Owner's contact information
    700 Park Ave Lake Park, FL 33403
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    Lake Park, FL 33403
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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
    700 Park Ave Lake Park, FL 33403
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