150 Tequesta Dr Tequesta, FL 33469-2773
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.
The purpose and intent of the MU mixed use district is to establish a village center which creates a vital, diverse core for the principles which utilize mixed-use development concepts and which permit a combination of usually separated uses within a unified development district area. Natural features should be enhanced and environmental conditions carefully…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
M-U · Tequesta, FLThe purpose and intent of the MU mixed use district is to establish a village center which creates a vital, diverse core for the principles which utilize mixed-use development concepts and which permit a combination of usually separated uses within a unified development district area. Natural features should be enhanced and environmental conditions carefully assessed.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.