601 Dixie Hwy West Palm Beach, FL 33401
- Office buildings
- 4,853 SF
- 0.19 lot acres
Current Use by Public Records
- Katz & Phillips, P.A. / Attorney / Legal Services
Property Details for 601 Dixie Hwy
- Year built
- 1940
- Construction
- CONCRETE
- Lot size
- 0.19 lot acres
- Property size
- 4,853 SF
- Zone code
- QGD-5
- Property type
- Office buildings
- APN
- 74-43-43-21-06-014-0111
- APU
- 74434321060140111
Description
This exceptional free-standing, two-story building (4,853 square feet) offers a unique opportunity in the heart of Downtown West Palm Beach's core submarket. Located at 601 N Dixie Hwy, near Quadrille Boulevard, this Class B property boasts a prominent location with excellent visibility and signage potential at a high-traffic intersection. The building features twelve on-site parking spaces, with the option for five additional spaces nearby. The flexible zoning (QGD-5) allows for diverse uses, including office, retail, live/work, and restaurant spaces, making it ideal for a variety of businesses. The building is currently vacant, presenting a blank canvas for a new tenant. The property includes a private parking lot. Tenants are responsible for real estate tax overages beyond the current year's assessment. This single-tenant building presents a rare chance to establish a presence in a thriving downtown location. The building has no elevators. APN: 74-43-43-21-06-014-0111.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,805,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,755,000
- 6.5%
- $2,780,000
- 7%
- $2,540,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,755,000
- Geo Method
- $2,850,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,555,000
- Retail
- $2,755,000
- Mixed-Use
- $2,290,000
- Hospitality
- $2,760,000
- Educational
- $2,585,000
- Residential Income
- $3,045,000
- Energy
- $2,575,000
- Income-Based Land
- $2,935,000
- Food Service
- $2,390,000
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0537
- Latitude
- 26.7181
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
