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Property profile & analytics
OFF-MARKET Estimated value $850,000
Grocery and convenience stores

2700 Frst Hl Blvd Palm Springs, FL 33406-5933

3,404 SF 0.36 ac lot Built 1961
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US18-3910818
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1961
Construction CONCRETE
Total area 3,404 SF
Lot 0.36 ac (15,725 SF)
Zoning code CG
APN 70-43-44-08-23-008-0020
UPID US18-3910818
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$845k
Comparable Approach Comparable
$511k
Blend (final) Blend
$850k
Owner & transaction history
Gt & Jt Construction Corp · 10 yrs held
Gt & Jt Construction Corp
since 2016
2 recorded transactions
2016
$1.1M
2016
Price N/A
Zoning & alternative use
CG · Palm Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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…

Zone name Commercial General
General category COMMERCIAL
Zone area 601.31 ac
Source Realmo
Top alternative use upside
Retail stores $1.4M +41.0%
Warehouse, storage $1.4M +35.1%
Commercial (general) $1.3M +32.0%
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