928 Belvedere RdWest Palm Beach, FL 33405

Property Details for 928 Belvedere Rd

Year built

1962

Construction

STEEL FRAME

Lot size

0.26 AC

Property size (Sq ft)

6,000 SF

Zone code

NC

Property type

Retail properties

Property subtype

Strip malls

APN

74-43-43-33-36-000-0100

APU

74434333360000100

Description

This West Palm Beach property at 928 Belvedere Rd offers a 1,200 square foot vacant retail space, perfect for a restaurant. Previously a pizzeria, this space boasts a vented double-deck Pride Pizza oven. The building, constructed in 1962 and renovated in 2023, features a total of 6,000 square feet across one story. The 1,200 square foot unit is a "vanilla shell" with recent upgrades including fresh paint, new LED lighting, a new electrical panel, a new grease trap, a new tankless water heater, and an updated bathroom. The property sits on 0.26 acres and is zoned NC-Neighborhood Commercial. Twelve parking spaces are available for patrons. The minimum divisible space is 1,200 square feet, and the maximum contiguous space is also 1,200 square feet. The building's floor area ratio (FAR) is 0.47. This turnkey space is ready for immediate occupancy and is ideally suited for a restaurant or similar retail use. The property's address is 928 Belvedere Rd, West Palm Beach, FL 33405.

• CAP approach

  CAP return

  Valuation

  6%

  $2,266,564

  6.5%

  $2,092,212

  7%

  $1,942,769

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,206,082

  Geo Method

  $4,206,082

• Alternative Use

  Use

  Valuation

  Residential

  $1,764,860

  Hospitality

  $1,616,602

  Educational

  $1,344,994

  Medical

  $1,391,250

  Retail

  $2,092,212

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.6903

Longitude

-80.0638

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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