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Property profile & analytics
OFF-MARKET
Turn key restaurants

766 Northlake Blvd North Palm Beach, FL 33408-5208

4,000 SF 0.26 ac lot Built 1963
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US18-2196281
Property summary
AI-generated overview

This exceptional 5,466 square foot waterfront restaurant is available for lease in North Palm Beach, Florida. Located at 766 Northlake Blvd, this single-tenant property boasts stunning waterfront views and outdoor covered dining. The C1-zoned property (C1 BUSINESS DISTRICT (36-LAKE PARK)) offers ample space for a thriving culinary establishment. With 15 parking spaces available, customer convenience is ensured. The property's APN is 36-43-42-20-03-125-0310. The entire space is currently vacant, presenting a unique opportunity for a new tenant to establish their brand in a highly desirable location. Property taxes are $3.11 per square foot. The submarket is Northlake Blvd, and the property is conveniently located near Northlake Blvd and Cross Street. This turnkey restaurant space is ready for immediate occupancy, offering a rare chance to capitalize on the vibrant North Palm Beach dining scene. The property's prime waterfront location and outdoor dining area provide an unparalleled dining experience. This is an exceptional opportunity for an experienced restaurateur seeking a high-visibility location with significant potential for success. The property's size and features make it ideal for a variety of restaurant concepts. Don't miss this chance to secure a premier waterfront restaurant space in a thriving Florida community. The zip code is 33408.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1963
Construction CONCRETE
Total area 4,000 SF
Lot 0.26 ac (11,199 SF)
Zoning code C1
APN 36-43-42-20-03-125-0310
UPID US18-2196281
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
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Thomas Heine LLC · 7 yrs held
Thomas Heine LLC
since 2019
6 recorded transactions
2019
$580,000
2017
Price N/A
1999
$250,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C1 · North Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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