2700 Frst Hl Blvd, Palm Springs, FL 33406-5933
- Grocery and convenience stores
- 3,404 SF
- 0.36 lot acres
Current Use by 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
Property Details for 2700 Frst Hl Blvd
- Year built
- 1961
- Construction
- CONCRETE
- Lot size
- 0.36 lot acres
- Zone code
- CG
- Property type
- Grocery and convenience stores
- APN
- 70-43-44-08-23-008-0020
- APU
- 70434408230080020
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 27, 2016 | $1,121,201 | Gt & Jt Construction Corp | Chiang,david S & Dona H | Warranty Deed | $250k |
| Jan 27, 2016 | — | Gt & Jt Construction Corp | Chiang,david S & Dona H | Warranty Deed | — |
Description
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $915,000
- 6.5%
- $845,000
- 7%
- $785,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $510,000
Market price range: $511k - $1.13M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,000,000 Current use
- RETAIL STORES
- $1,410,000 Change: +41% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,355,000 Change: +35% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,325,000 Change: +32% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Palm Springs
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0833
- Latitude
- 26.6504
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
