2100 45Th StWest Palm Beach, FL 33407

Property Details for 2100 45Th St

Year built

1985

Construction

CONCRETE

Lot size

5.51 AC

Property size (Sq ft)

37,608 SF

Zone code

CPD

Property type

Retail properties

Property subtype

Strip malls

APN

74-43-43-06-08-001-0000

APU

74434306080010000

Description

Park Plaza, a Class B commercial building (58,700 total square feet) situated on 5.51 acres in West Palm Beach, Florida, offers multiple tenancy options. Built in 1985, this property is located at 2100 45th St, West Palm Beach, FL 33407, near the intersection of 45th & Congress Ave. The building is zoned CPD - Commercial Planned Development and boasts a highly visible location with excellent access to I-95, making it ideal for a variety of businesses. Seven spaces are currently available, ranging from 1,200 to 3,135 square feet. The property's diverse subtype options include Traditional Office, Medical Office, Executive Office, Coworking, and Creative Office spaces, catering to a broad range of business needs. This prime West Palm Beach location offers exceptional visibility and accessibility, ensuring high traffic and exposure for tenants. The property is in Palm Beach County and falls under the West Palm Beach submarket. Note that pricing and availability are subject to change.

• CAP approach

  CAP return

  Valuation

  6%

  $16,128,987

  6.5%

  $14,888,296

  7%

  $13,824,846

• Comparable approach

  Method

  Valuation

  Relative Method

  $26,363,720

  Geo Method

  $26,363,720

• Alternative Use

  Use

  Valuation

  Residential

  $12,558,835

  Hospitality

  $11,503,825

  Educational

  $9,571,047

  Medical

  $9,900,210

  Retail

  $14,888,296

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7576

Longitude

-80.0873

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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