3395 42Nd Ave Palm City, FL 34990
- Industrial properties
- 4,940 SF
- 0.10 lot acres
Current Use by Public Records
- Palm City Transmissions / Transmission Shop / Auto Repair Shop
Property Details for 3395 42Nd Ave
- Year built
- 1986
- Lot size
- 0.10 lot acres
- Property size
- 4,940 SF
- Property type
- Industrial properties
- APN
- 14-38-40-009-021-00000-4
- APU
- 143840009021000004
Description
This exceptional 4,940-square-foot industrial warehouse in Palm City, Florida, is offered for sale at $950,000 ($151/SF). Built in 1985, this Class C, single-tenant property boasts a 100% occupancy rate and features two stories, offering approximately 1,000 square feet of additional upstairs storage and loft space. The warehouse includes two loading docks, a 22-foot ceiling height, and ample parking (0.41 spaces per 1,000 sq ft). Situated on a 0.103-acre lot (APN: 14-38-40-009-021-00000-4), it benefits from convenient access to major transportation arteries, including proximity to the Florida Turnpike (a quarter-mile) and I-95 (3.5 miles). The property also includes approximately 25' x 60' of fenced outside storage, three heavy-capacity lifts, an air compressor, and 3-phase electric service. Its location on a road currently undergoing widening by the Florida Department of Transportation ensures enhanced traffic flow and visibility, making it ideal for manufacturing, warehousing, or distribution businesses. The permitted zoning is Industrial. This owner-user investment opportunity presents a compelling combination of functionality, location, and growth potential within Palm City's thriving industrial corridor.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $315,000
- 6.5%
- $290,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $290,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $310,000
- Retail
- $320,000
- Mixed-Use
- $375,000
- Hospitality
- $340,000
- Educational
- $350,000
- Residential Income
- $290,000
- Energy
- $370,000
- Income-Based Land
- $285,000
- Food Service
- $300,000
Location Insight
- Map
- Local Demand
- City
- Palm City
- County
- Martin
- State
- Florida
- Longitude
- -80.3103
- Latitude
- 27.1644
- CBSA code
- 38940
- CBSA name
- PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA