1505 Belvedere RdWest Palm Beach, FL 33406

Property Details for 1505 Belvedere Rd

Year built

1986

Construction

STEEL FRAME

Lot size

3.06 AC

Property size (Sq ft)

47,472 SF

Zone code

GC

Property type

Hospitality properties

Property subtype

Hotels

APN

74-43-43-29-00-000-5400

APU

74434329000005400

Description

This exceptional 6,100 square foot retail space, located at 1505 Belvedere Road in West Palm Beach, Florida, presents a unique investment opportunity. Situated on a 0.9-acre lot, this single-tenant property offers unparalleled visibility and accessibility on a major thoroughfare. The building's entire 6,100 square feet is currently vacant, providing a blank canvas for a discerning tenant to create their ideal commercial space. The property's classification as both retail and restaurant allows for a wide range of potential uses, catering to diverse business needs. Its location in Palm Beach County, specifically West Palm Beach, places it within a vibrant and growing market, offering significant potential for high foot traffic and customer engagement. The property's street retail subtype ensures maximum exposure to potential customers. The zip code is 33406. This is an excellent opportunity for businesses seeking a prominent location with high visibility and ample space to establish a thriving enterprise. The property's size and location make it ideal for a variety of retail or restaurant concepts. Serious inquiries are encouraged to explore the possibilities of this prime commercial real estate offering. The property is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $12,678,599

  6.5%

  $11,703,322

  7%

  $10,867,370

• Comparable approach

  Method

  Valuation

  Relative Method

  $31,033,538

  Geo Method

  $31,033,538

• Alternative Use

  Use

  Valuation

  Residential

  $12,776,627

  Hospitality

  $11,703,322

  Educational

  $9,737,026

  Medical

  $10,071,898

  Retail

  $15,146,485

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.6919

Longitude

-80.0724

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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