Current Use by Public Records
- Retail properties & Spaces
Property Details for 12010 Us Hwy
- Year built
- 2002
- Property type
- Retail properties & Spaces
Description
This exceptional retail property, located at 12010 US Highway #1 in North Palm Beach, Florida, presents a rare investment opportunity. Priced at $4,300,000 with a 7.00% cap rate, this single-tenant building boasts 5,991 square feet of space and is currently 100% occupied under a NNN lease with one year remaining. Built in 2002, the building features high ceilings on both the first and second floors, an elevator, and ample parking. A significant advantage is its location in the heart of North Palm Beach, offering unparalleled access to Palm Beach County's most prestigious communities, including Lost Tree, Seminole Landing, and several renowned golf clubs. The property's .41-acre lot backs onto a navigable waterway, enhancing its appeal and providing a unique waterfront aspect. A balcony overlooks the canal leading to Little Lake Worth. The building's design is highly functional and adaptable to various uses, making it an attractive investment for discerning buyers. This is a first-time-to-market offering of a well-maintained, luxury commercial building in a highly desirable location. The zip code is 33408.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0578
- Latitude
- 26.8527
