12900 Okeechobee Blvd, Loxahatchee, FL 33470-4960
- Commercial land
- 2,715 SF
- 9.17 lot acres
Current Use by Public Records
- Commercial land
Property Details for 12900 Okeechobee Blvd
- Year built
- 1976
- Lot size
- 9.17 lot acres
- Zone code
- CL
- Property type
- Commercial land
- APN
- 41-41-43-27-20-001-0000
- APU
- 41414327200010000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 11, 2019 | $1,700,000 | Loxahatchee Commercial Dev INC | Day,willie H | Warranty Deed | — |
| Apr 6, 2017 | — | Palm Bch Cnty | Day,willie H & Frankie J | Warranty Deed · related | — |
| Feb 5, 2002 | $382,500 | Church Living First | Dudash,marvin A & Melanie C | Grant Deed · related | $303k · Marvin A & Melanie C Dudash |
| — | — | Willie H Day | — | Deed Of Trust · related | $80k · First Community Bank Palm Beac |
| — | — | Willie H Day | — | Deed Of Trust · related | $197k · First Community Bank Palm Beac |
| — | — | Willie H Day | — | Deed Of Trust · related | $800k · First Community Bank Palm Beac |
Description
This exceptional 30,000-square-foot office building presents a unique investment opportunity in Loxahatchee Groves, Florida. Located at 12900 Okeechobee Boulevard, this single-tenant property boasts a highly desirable location within Palm Beach County, benefiting from proximity to thriving western communities like Royal Palm Beach, Westlake, and Wellington. The property features a 700-square-foot frontage on Okeechobee Boulevard. Importantly, the site plan has already received approval from the Town of Loxahatchee Groves, securing the necessary commercial zoning (0101 commercial) for a mixed-use development. The approved plans encompass 30,000 square feet and allow for a diverse range of uses, including a restaurant, a drive-through restaurant or doughnut shop, and office buildings. Detailed site plan drawings are complete, eliminating significant pre-construction hurdles. This turnkey project is ideal for investors seeking a swift and efficient path to development, eliminating lengthy permitting processes. The property's APN is 41414317016330010. This is a rare chance to acquire a fully approved commercial site in a rapidly growing area. The property is zoned for commercial use and ready for immediate construction. Don't miss this opportunity to capitalize on the burgeoning western Palm Beach County market.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $495,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $780,000
- 6.5%
- $720,000
- 7%
- $670,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $918,000
Market price range: $211k - $1.09M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,085,000
- OFFICE BUILDING
- $1,075,000
- NEIGHBORHOOD: SHOPPING CENTER
- $1,075,000
- MEDICAL BUILDING
- $1,070,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Loxahatchee
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.247
- Latitude
- 26.7052
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
