1865 Tamarind Ave West Palm Beach, FL 33407
- Retail space
- 896 SF
- 0.09 lot acres
Current Use by Public Records
- Retail space
Property Details for 1865 Tamarind Ave
- Year built
- 1947
- Construction
- WOOD
- Lot size
- 0.09 lot acres
- Property size
- 896 SF
- Zone code
- CP-NC
- Property type
- Retail space
- APN
- 74-43-43-16-08-000-0790
- APU
- 74434316080000790
Description
This exceptional mixed-use property in West Palm Beach, Florida, presents a unique investment opportunity. The single-standing building, totaling 906 square feet, sits on a 4,052 square foot lot and is ideally configured as a small café, complete with a kitchen, storage, restroom, and seating area. The property is being sold with the adjacent lot at 1181 N Tamarind Ave, adding an additional 4,050 square feet of land. This strategic acquisition offers significant potential for redevelopment or expansion. The area is experiencing substantial growth, with new multifamily construction underway and planned. Furthermore, the city recently approved a two-acre land parcel south of Tamarind Avenue for Vanderbilt University's new South Florida campus, promising further economic development and increased property values. This presents a compelling opportunity for a forward-thinking investor or developer. Detailed architectural plans and development reports are available upon request. The asking price for this prime West Palm Beach property is $450,000. Built in 1947, this property offers a blend of established character and immense future potential in a rapidly evolving neighborhood. Don't miss this chance to capitalize on the burgeoning growth of West Palm Beach.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $230,000
- 6.5%
- $230,000
- 7%
- $220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $210,000
- Geo Method
- $235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $185,000
- Retail
- $235,000
- Mixed-Use
- $210,000
- Hospitality
- $210,000
- Educational
- $190,000
- Residential Income
- $220,000
- Energy
- $245,000
- Income-Based Land
- $245,000
- Food Service
- $250,000
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0614
- Latitude
- 26.7298
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
