2700 Forest Hill BlvdWest Palm Beach, FL 33406

Property Details for 2700 Forest Hill Blvd

Year built

1961

Construction

CONCRETE

Lot size

0.36 AC

Property size (Sq ft)

3,404 SF

Zone code

CG

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

70-43-44-08-23-008-0020

APU

70434408230080020

Description

This exceptional 3,404 square foot retail property, located at 2700 Forest Hill Blvd, West Palm Beach, FL 33406, presents a unique investment opportunity. Situated on a 0.34-acre lot, this single-story building boasts a convenient location, just a quarter-mile from I-95, ensuring high visibility and accessibility. The property benefits from significant traffic volume due to its proximity to major cross streets, S. Congress Ave and Florida Mango Rd. Built in 1961 and extensively renovated in 2024, the building offers a modern and functional space ideal for a variety of retail or office uses. The single-tenant occupancy allows for flexible lease terms and immediate occupancy. Ample parking is provided with 30 spaces on-site. The property is zoned CG and features a building FAR of 0.02. Previously occupied by Oriental Supermarket for over two decades, this location has a proven track record of success. This is a rare chance to acquire a well-located, renovated retail space in a high-traffic area of West Palm Beach. The property is ready for immediate occupancy, making it an attractive option for businesses seeking a quick and efficient move-in. Don't miss this opportunity to establish your business in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,285,897

  6.5%

  $1,186,982

  7%

  $1,102,198

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,386,250

  Geo Method

  $2,386,250

• Alternative Use

  Use

  Valuation

  Residential

  $1,001,264

  Hospitality

  $917,152

  Educational

  $763,060

  Medical

  $789,303

  Retail

  $1,186,982

Location Insight

City

Palm Springs

County

Palm Beach

State

Florida

Latitude

26.6504

Longitude

-80.0833

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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