Technical
Financial
Distress signals
Property profile

1725 Spruce Ave West Palm Beach, FL 33407

OFF-MARKET
Grocery and convenience stores
Property ID
US18-2817770
1,250 SF 0.16 ac lot Built 1947
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 0.32-acre commercial land parcel in West Palm Beach, Florida, presents a unique redevelopment opportunity. Located at 1725 Spruce Ave, zip code 33407, this property boasts a 1,418 square foot existing retail building situated on a 13,722 square foot lot. The property is zoned for multi-family use, allowing for the construction of various residential projects, or certain commercial uses as permitted by the zoning code. Given West Palm Beach's burgeoning real estate market and the significant influx of new residents, this location offers substantial potential for high returns. The city is experiencing a construction boom, with numerous multi-family projects underway, indicating strong demand and a favorable investment climate. This prime location offers developers the chance to capitalize on this growth, creating a thriving residential or commercial development. The existing structure provides a potential starting point for redevelopment, or could be demolished to make way for a new construction. The 0.32-acre lot size provides ample space for a variety of development options. This is an exceptional opportunity to invest in a rapidly growing area of West Palm Beach. The property is conveniently located in Palm Beach County, Florida.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1947
Construction WOOD
Total area 1,250 SF
Lot 0.16 ac (6,861 SF)
Zoning code MF14
APN 74-43-43-16-18-010-0120
UPID US18-2817770

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1725 Spruce Ave West Palm Beach, FL 33407-6410
West Palm Beach metro Census 2300 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$145k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$145k

Owner & transaction history

since 2024
Last sale
$142,500
2 recorded transactions
2026
Price N/A
2024
$142,500

Zoning & alternative use

MF14 · West Palm Beach, FL
Zoning description

ict; single-family low density Sec. 94-73. - Single-family/small lot (SF11) high density residential district. Sec. 94-74. - Single-family high density (SF14) residential district. Sec. 94-75. - Multifamily low density (…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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