3969 Military Trl Greenacres, FL 33463-3433
- Retail space
- 16,294 SF
- 1.59 lot acres
Jul 18, 2022
Current Use by Public Records
- Retail space
Property Details for 3969 Military Trl
- Year built
- 2005
- Construction
- CONCRETE
- Lot size
- 1.59 lot acres
- Property size
- 16,294 SF
- Zone code
- CI
- Property type
- Retail space
- APN
- 18-42-44-24-38-001-0000
- APU
- 18424424380010000
Description
This exceptional commercial property presents a rare opportunity to lease a freestanding retail building totaling 16,294 square feet situated on a generous 1.59-acre lot in the thriving city of Greenacres, Florida. Located at 3969 S Military Trail, this single-tenant space offers significant potential for a variety of businesses. The property boasts ample on-site parking, catering to the needs of both employees and customers. The building's strategic location at the signalized intersection of Lake Worth Road and S Military Trail benefits from a combined Annual Average Daily Traffic (AADT) of 80,000 vehicles, ensuring high visibility and accessibility. The property is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific requirements. All uses are considered, making this a versatile option for a wide range of commercial enterprises. The property is classified as Retail, Land, and Restaurant, offering flexibility in its potential use. Palm Beach County location provides access to a strong consumer base and robust infrastructure. This is an ideal opportunity for a business seeking a prominent location with high traffic counts and ample space. The 16,294 square foot building sits on a 1.59-acre lot in the 33463 zip code. The property's size and location make it an attractive proposition for businesses seeking significant visibility and accessibility.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,795,000
- ML approach
- $4,655,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,590,000
- 6.5%
- $4,240,000
- 7%
- $3,935,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $4,768,000
Market price range: $923k - $5.57M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $6,495,000 Current use
- AUTO REPAIR, GARAGE
- $8,050,000 Change: +24% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $7,665,000 Change: +18% Conversion: Easy
- OFFICE BUILDING
- $6,465,000 Change: -1% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $6,435,000 Change: -1% Conversion: Moderate
- MEDICAL BUILDING
- $6,420,000 Change: -1% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Greenacres
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.114
- Latitude
- 26.6192
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
