617 Northlake Blvd North Palm Beach, FL 33408-5308
- Retail space
- 1,750 SF
- 0.08 lot acres
Current Use by Public Records
- Northlake Massage / Massage Therapist / Massage Spa
Property Details for 617 Northlake Blvd
- Year built
- 1964
- Construction
- CONCRETE
- Lot size
- 0.08 lot acres
- Property size
- 1,750 SF
- Zone code
- C-NB
- Property type
- Retail space
- APN
- 68-43-42-16-04-038-0022
- APU
- 68434216040380022
Description
This exceptional freestanding retail property, located at 617 Northlake Blvd in North Palm Beach, Florida, presents a compelling investment opportunity. The 1-story building, constructed in 1964, boasts a highly desirable location directly on Northlake Boulevard, ensuring excellent visibility and accessibility for customers. Currently utilized as a retail service business, this 785,000 dollar property offers significant potential for a variety of uses, making it ideal for both established businesses seeking a prime location and savvy investors looking for a strong return. The property's prime location in the thriving North Palm Beach market, within Palm Beach County (zip code 33408), guarantees high foot traffic and exposure to a substantial customer base. The seller is motivated, presenting a unique chance to acquire this well-positioned retail space at an attractive price. The building's single-story design offers ease of access and functionality, while its established retail history provides a solid foundation for future success. This is a rare opportunity to own a highly visible and strategically located retail property in a sought-after area of Florida. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $550,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $625,000
- 6.5%
- $550,000
- 7%
- $590,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $635,000
- Geo Method
- $590,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $525,000
- Retail
- $590,000
- Mixed-Use
- $530,000
- Hospitality
- $670,000
- Educational
- $580,000
- Residential Income
- $660,000
- Energy
- $510,000
- Income-Based Land
- $575,000
- Food Service
- $555,000
Location Insight
- Map
- Local Demand
- City
- North Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0663
- Latitude
- 26.8081
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA