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Property profile & analytics
OFF-MARKET Estimated value $2,445,000
Retail space

124 Dixie Hwy West Palm Beach, FL 33401-5320

6,255 SF 0.15 ac lot Built 1926
Entity Owned 5-yr Hold Free & Clear
Property ID
US18-2295375
Property summary
AI-generated overview

This exceptional 2,500 square foot retail space is ideally situated on a corner lot at 124 N Dixie Highway in the heart of West Palm Beach, Florida. The property boasts excellent visibility and high traffic counts due to its prominent location at the intersection of North Dixie Highway and Banyan Boulevard. Its zoning classification is CWD-10. The single-tenant building offers a unique opportunity for a variety of businesses seeking a high-profile presence in a thriving downtown area. The property's strategic placement directly across from City Hall and the Court House ensures consistent foot traffic and high brand awareness. This prime location offers unparalleled exposure to a diverse customer base. The property's parcel number (APN) is 74434321020000010. While the lot size is not currently specified, the building's prominent corner location maximizes its visibility and accessibility. The property presents numerous possibilities for a discerning business owner seeking a high-impact location in West Palm Beach's vibrant commercial district. This is a rare opportunity to acquire a well-positioned retail space in a highly desirable area. The address is 124 N Dixie Highway, West Palm Beach, FL 33401.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1926
Construction CONCRETE
Total area 6,255 SF
Lot 0.15 ac (6,573 SF)
Zoning code CWD-10
APN 74-43-43-21-02-000-0010
UPID US18-2295375
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.56M
Blend (final) Blend
$2.45M
Owner & transaction history
Rb Beachway Banyan LLC · 5 yrs held
Rb Beachway Banyan LLC
since 2021
Last sale
$2.5M
4 recorded transactions
2021
Price N/A
2021
$2.5M
2020
Price N/A
1969
Price N/A
Zoning & alternative use
CWD-10 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $3.7M +3.9%
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