2700 Frst Hl Blvd Palm Springs, FL 33406-5933
This exceptional 3,404 square foot retail property, located at 2700 Forest Hill Blvd, West Palm Beach, FL 33406, presents a unique investment opportunity. Situated on a 0.34-acre lot, this single-story building boasts a convenient location, just a quarter-mile from I-95, ensuring high visibility and accessibility. The property benefits from significant traffic volume due to its proximity to major cross streets, S. Congress Ave and Florida Mango Rd. Built in 1961 and extensively renovated in 2024, the building offers a modern and functional space ideal for a variety of retail or office uses. The single-tenant occupancy allows for flexible lease terms and immediate occupancy. Ample parking is provided with 30 spaces on-site. The property is zoned CG and features a building FAR of 0.02. Previously occupied by Oriental Supermarket for over two decades, this location has a proven track record of success. This is a rare chance to acquire a well-located, renovated retail space in a high-traffic area of West Palm Beach. The property is ready for immediate occupancy, making it an attractive option for businesses seeking a quick and efficient move-in. Don't miss this opportunity to establish your business in a thriving commercial area.
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It is the purpose of the CG commercial general land development district to provide lands within the village for a wide range of goods and commercial services that serve a consumer market that may extend beyond municipal limits. Such areas shall be located convenient to major roads and automotive traffic. However, it is not the intent of this land developmen…
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
CG · Palm Springs, FLIt is the purpose of the CG commercial general land development district to provide lands within the village for a wide range of goods and commercial services that serve a consumer market that may extend beyond municipal limits. Such areas shall be located convenient to major roads and automotive traffic. However, it is not the intent of this land development district to necessarily create or promote an extension of strip commercial areas.
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.