225 5Th St Belle Glade, FL 33430
- Retail space
- 6,030 SF
- 0.45 lot acres
Current Use by Public Records
- Retail space
Property Details for 225 5Th St
- Year built
- 1959
- Construction
- CONCRETE
- Lot size
- 0.45 lot acres
- Property size
- 6,030 SF
- Zone code
- B-2
- Property type
- Retail space
- APN
- 04-37-43-31-15-009-0020
- APU
- 4374331150090020
Description
This exceptional Belle Glade investment opportunity presents two adjacent properties totaling 2,640 square feet (each property is 1,320 square feet), ideally situated across from Hand Park at 225 NW 5th Street, Belle Glade, FL 33430. Both properties are zoned B-2 Restricted Business, offering a wide array of potential uses. The zoning allows for uses such as daycare centers, multi-family dwellings, delis, coffee shops, beauty salons, and various retail establishments (refer to provided B-2 zoning documents for a complete list). Built in 1945, these properties are being sold together for $55,000 and are designated as tear-downs, requiring demolition by the buyer. The sale is AS IS. This presents a unique chance to acquire a substantial lot in a desirable location, perfect for redevelopment into a profitable venture. The properties are located in Palm Beach County and offer significant potential for investors seeking a prime location for a new development. The combined lot size is not specified. This is a rare opportunity to acquire a significant parcel of land in a growing area. Act quickly, as this property is expected to generate considerable interest.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $335,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $255,000
- 6.5%
- $235,000
- 7%
- $230,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $260,000
- Geo Method
- $260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $270,000
- Retail
- $290,000
- Mixed-Use
- $245,000
- Hospitality
- $220,000
- Educational
- $285,000
- Residential Income
- $225,000
- Energy
- $230,000
- Income-Based Land
- $240,000
- Food Service
- $275,000
Location Insight
- Map
- Local Demand
- City
- Belle Glade
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.6724
- Latitude
- 26.6849
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
