631 Northlake Blvd, North Palm Beach, FL 33408-5308
- Retail space
- 4,310 SF
- 0.47 lot acres
Current Use by Public Records
- Retail space
Property Details for 631 Northlake Blvd
- Year built
- 1962
- Construction
- CONCRETE
- Lot size
- 0.47 lot acres
- Zone code
- C-NB
- Property type
- Retail space
- APN
- 68-43-42-16-04-037-0152
- APU
- 68434216040370152
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 11, 2020 | — | George H Lott JR Holdings LLC | George H Lott JR. | Quit Claim Deed · related | — |
| Dec 18, 2008 | — | George H Lott JR. | Lott Carrie E Trust | Quit Claim Deed · related | — |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $470,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,015,000
- 6.5%
- $935,000
- 7%
- $870,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $670,000
Market price range: $201k - $809k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- North Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0674
- Latitude
- 26.8081
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
