150 Tequesta Dr Tequesta, FL 33469-2773
- Banks
- 6,100 SF
- 1.40 lot acres
Current Use by Public Records
- Banks
Property Details for 150 Tequesta Dr
- Year built
- 2004
- Construction
- CONCRETE
- Lot size
- 1.40 lot acres
- Property size
- 6,100 SF
- Zone code
- M-U
- Property type
- Banks
- APN
- 60-43-40-30-52-000-0010
- APU
- 60434030520000010
Description
This exceptional 6,100 square foot office building, situated on a 1.4-acre lot in desirable Jupiter, Florida, presents a unique investment opportunity. Built in 2004 and renovated in 2010, the property boasts a prime location at the corner of US Highway 1 and Tequesta Drive, offering excellent visibility and accessibility. Currently configured as a single-tenant space, the building features a drive-thru and ample parking, making it suitable for a variety of uses. The property is zoned MU, allowing for flexibility in terms of future development. New ownership has the option to renovate the existing structure for single or multiple tenancy, or to pursue a complete redevelopment, capitalizing on the high-demand location. The building's history as a former Bank of America branch speaks to its strong structural integrity and desirable location within the highly sought-after east coast of Florida market. This property offers significant potential for investors seeking a prime location with redevelopment or renovation options. The substantial lot size provides ample space for expansion or additional development. This is an exceptional opportunity to acquire a well-located commercial property with significant upside potential. The property's strategic location and flexible zoning make it an ideal investment for both short-term and long-term growth.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,100,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,950,000
- 6.5%
- $4,380,000
- 7%
- $4,275,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,045,000
- Geo Method
- $4,090,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,895,000
- Retail
- $4,435,000
- Mixed-Use
- $4,455,000
- Hospitality
- $3,550,000
- Educational
- $4,400,000
- Residential Income
- $4,340,000
- Energy
- $4,485,000
- Income-Based Land
- $3,960,000
- Food Service
- $4,975,000
Location Insight
- Map
- Local Demand
- City
- Tequesta
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0854
- Latitude
- 26.9589
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
