120 Olive Ave West Palm Beach, FL 33401
- Office buildings
- 3.00 lot acres
Current Use by Public Records
- Ocean Capital Lending, LLC / Mortgage Lender
- Brian L Kimber, P.A. / Attorney
- Ocean Capital Real Estate Services Group, LLC / Real Estate Agency / Commercial Real Estate Agency
- kolinou / Beauty Supply Store
- Kenny Leigh & Associates / Attorney / Divorce Lawyer
Property Details for 120 Olive Ave
- Year built
- 1925
- Construction
- CONCRETE BLOCKS
- Lot size
- 3.00 lot acres
- Property type
- Office buildings
- APN
- 74-43-43-22-40-000-1030
- APU
- 74434322400001030
Description
This beautifully renovated 649-square-foot office space is ideally situated in the heart of West Palm Beach's thriving downtown area. Located in a historic building, this single-tenant property offers unparalleled convenience with its walkable location to a variety of amenities. The property is zoned CWD-CD, and its APN is 74434322400003030. While the lot size is not specified, the building itself comprises a single suite. Parking is readily accessible in several nearby garages within a short distance. This presents a fantastic opportunity for a business seeking a prestigious and centrally located office space in a vibrant urban setting. The address is 120 S Olive Avenue, West Palm Beach, Florida, 33401 (latitude 26.712456800000002, longitude -80.0516836). The property's prime location and recent renovations make it an attractive option for businesses looking to establish or expand their presence in downtown West Palm Beach. This is a single-tenant office space, offering a unique opportunity for a business seeking a dedicated and well-maintained workspace.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $630,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $800,000
- 6.5%
- $835,000
- 7%
- $840,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $700,000
- Geo Method
- $735,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $665,000
- Retail
- $785,000
- Mixed-Use
- $875,000
- Hospitality
- $690,000
- Educational
- $770,000
- Residential Income
- $695,000
- Energy
- $740,000
- Income-Based Land
- $680,000
- Food Service
- $670,000
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0517
- Latitude
- 26.7125
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
