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Property profile & analytics
OFF-MARKET Estimated value $3,415,000
Banks

600 Dixie Hwy West Palm Beach, FL 33401-3914

1,475 SF 0.33 ac lot Built 1994
Entity Owned 4-yr Hold Free & Clear
Property ID
US18-2605299
Property summary
AI-generated overview

This exceptional 4,500 square foot retail space is situated in the heart of downtown West Palm Beach, offering a truly unique opportunity. The property is a Class A building, boasting a turnkey, fully-furnished upscale spa layout. This is a rare find in the downtown area, where parking is often a significant challenge. This location includes 25 reserved parking spaces, a considerable advantage for both staff and clientele, supplemented by ample street parking. The single-tenant occupancy ensures complete control and flexibility for the new owner or tenant. The building's prime location within the vibrant downtown core provides excellent visibility and accessibility, making it ideal for a variety of businesses. The existing spa build-out represents significant cost savings, allowing for immediate operation or a seamless transition to a different use. The property's features make it an attractive investment opportunity for those seeking a high-quality, well-located retail space in a thriving urban environment. The turnkey nature of the space, combined with the abundant parking, presents a compelling proposition for discerning buyers or tenants. This is a rare chance to acquire a move-in ready, high-end retail space in a highly desirable location. Don't miss this opportunity to secure a prime piece of West Palm Beach real estate.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1994
Construction CONCRETE
Total area 1,475 SF
Lot 0.33 ac (14,431 SF)
Zoning code QGD-5
APN 74-43-43-22-12-002-0100
UPID US18-2605299
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
  • Spartan Fitness Personal Training LLC Gym & Fitness Center
  • Critical RF Direct (Bike/Boat/Book/etc) Store Corporate Office
  • Revitalize IV Lounge Spa & Massage Center Alternative Medicine Practice
  • Christopher Arlotta Firearm Instruction Training Center Vocational School
  • Chic Wig Boutique Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.85M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.42M
Owner & transaction history
Rys Corner LLC · 4 yrs held
Rys Corner LLC
since 2021
Last sale
$3.3M
7 recorded transactions
2021
$3.3M
2019
$100
2018
$450,000
2016
Price N/A
2012
$2.3M
2011
$1.0M
2005
$1.0M
Zoning & alternative use
QGD-5 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The Quadrille garden district is intended to function as a transition zone between the Quadrille business district and the waterfront, the greatest development intensity should be oriented towards Quadrille Boulevard to create a signature mixed use corridor, development should respect the scale of the pedestrian streets, Dixie Highway, and Olive Avenue

Zone name Quadrille Garden District 5
General category MIXED_USE
Zone area 2.06 ac
Source Realmo
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