631 Northlake Blvd North Palm Beach, FL 33408
For Sale
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This exceptional mixed-use property, located at 631 Northlake Blvd in North Palm Beach, Florida (zip code 33408), presents a unique investment opportunity. Boasting a prime waterfront location, this 4,310 square foot building combines a thriving marina with an established bait and tackle shop. Built in 1962, the property is offered at an asking price of $6,500,000. The single-unit structure sits on a lot with dimensions not specified in the provided information. The property's classification includes mixed-use, retail, and special purpose designations, making it suitable for a variety of uses. The existing bait and tackle shop comes complete with all inventory, providing a turnkey operation for a new owner. This owner/user investment opportunity is situated in the desirable Palm Beach County area, offering excellent access to the Intracoastal Waterway and the Atlantic Ocean. The property's waterfront position and established business provide significant potential for growth and profitability. The combination of marina and retail space creates a synergistic business model with established clientele. This is a rare chance to acquire a well-established waterfront business in a highly sought-after location. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-NB · North Palm Beach, FLNorth Palm Beach. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.