1601 Broadway Riviera Beach, FL 33404
- Retail space
- 2,134 SF
- 0.11 lot acres
Current Use by Public Records
- Retail space
Property Details for 1601 Broadway
- Year built
- 1948
- Construction
- WOOD
- Lot size
- 0.11 lot acres
- Property size
- 2,134 SF
- Zone code
- DC
- Property type
- Retail space
- APN
- 56-43-42-33-04-006-0051
- APU
- 56434233040060051
Description
This exceptional 2,134 square foot free-standing building presents a unique opportunity for a single tenant. Situated on the corner of Broadway and 16th Street in Riviera Beach, Florida, this property boasts unparalleled visibility and high traffic counts. Its strategic location places it directly across from the new Valhalla boat center, Viking Yachts, and the Riviera Beach Marina, ensuring significant exposure to a high-traffic area. The building's proximity to the Port of Palm Beach further enhances its appeal and accessibility. The property is zoned CG (city) and features a single suite within the building. The APN is 56434233040060051. This industrial/retail space is ideal for a variety of businesses seeking a prominent location with excellent visibility. While parking is limited, the high traffic volume and prime location more than compensate. Attractive rent concessions are available for qualified tenants, and long-term lease options are being offered. This is a rare opportunity to secure a highly visible and strategically located property in a thriving waterfront community. The property is classified as both flex and warehouse space, offering versatility for a range of business needs.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $235,000
- 6.5%
- $225,000
- 7%
- $225,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $255,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $250,000
- Retail
- $265,000
- Mixed-Use
- $215,000
- Hospitality
- $200,000
- Educational
- $270,000
- Residential Income
- $205,000
- Energy
- $210,000
- Income-Based Land
- $270,000
- Food Service
- $260,000
Location Insight
- Map
- Local Demand
- City
- Riviera Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0553
- Latitude
- 26.7764
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA