1505 Belvedere Rd West Palm Beach, FL 33406-1501
- Hotels
- 47,472 SF
- 3.06 lot acres
Current Use by Public Records
- Quality Inn Palm Beach International Airport / Hotel
Property Details for 1505 Belvedere Rd
- Year built
- 1986
- Construction
- STEEL FRAME
- Lot size
- 3.06 lot acres
- Property size
- 47,472 SF
- Zone code
- GC
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 74-43-43-29-00-000-5400
- APU
- 74434329000005400
Description
This exceptional 6,100 square foot retail space, located at 1505 Belvedere Road in West Palm Beach, Florida, presents a unique investment opportunity. Situated on a 0.9-acre lot, this single-tenant property offers unparalleled visibility and accessibility on a major thoroughfare. The building's entire 6,100 square feet is currently vacant, providing a blank canvas for a discerning tenant to create their ideal commercial space. The property's classification as both retail and restaurant allows for a wide range of potential uses, catering to diverse business needs. Its location in Palm Beach County, specifically West Palm Beach, places it within a vibrant and growing market, offering significant potential for high foot traffic and customer engagement. The property's street retail subtype ensures maximum exposure to potential customers. The zip code is 33406. This is an excellent opportunity for businesses seeking a prominent location with high visibility and ample space to establish a thriving enterprise. The property's size and location make it ideal for a variety of retail or restaurant concepts. Serious inquiries are encouraged to explore the possibilities of this prime commercial real estate offering. The property is available for lease.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $11,420,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $11,315,000
- 6.5%
- $10,490,000
- 7%
- $11,615,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $9,860,000
- Geo Method
- $10,275,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $12,175,000
- Retail
- $9,570,000
- Mixed-Use
- $10,045,000
- Hospitality
- $11,145,000
- Educational
- $11,225,000
- Residential Income
- $10,970,000
- Energy
- $12,185,000
- Income-Based Land
- $10,640,000
- Food Service
- $10,430,000
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0724
- Latitude
- 26.6919
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
