100 Civic Ctr Way Royal Palm Beach, FL 33411
- Commercial land
- 1.22 lot acres
Jan 12, 2022
Current Use by Public Records
- Commercial land
Property Details for 100 Civic Ctr Way
- Lot size
- 1.22 lot acres
- Zone code
- CG
- Property type
- Commercial land
- APN
- 72-41-43-26-28-003-0000
- APU
- 72414326280030000
Description
This 1.22-acre vacant commercial lot presents a prime development opportunity in Royal Palm Beach, Florida. Strategically positioned at the corner of Okeechobee Boulevard and Royal Palm Beach Boulevard, this property boasts exceptional visibility and accessibility. The site shares a plaza with an established medical building occupied by Cano Health and a new Starbucks under construction, ensuring a thriving commercial environment. A current site plan details a 3,750 square foot bank, and active efforts are underway to amend the plan for a larger 6,000 square foot medical office building. The property is zoned CG - General Commercial, offering flexibility for various development options. Okeechobee Boulevard experiences high traffic volume, exceeding 40,000 vehicles daily in 2022, guaranteeing significant exposure for any future development. The location benefits from a strong demographic profile, with a median income of $93,100 and a population of 38,800 within a short radius. The property is located at 100 Civic Center Way, Royal Palm Beach, FL 33411, and is approximately 20 minutes from Palm Beach International Airport. This exceptional location and zoning make this a rare opportunity for investors seeking high-return commercial development in a rapidly growing area. The asking price is $1,400,000. The property was built in 2009.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Royal Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.2298
- Latitude
- 26.705
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA