3208 Forest Hill BlvdPalm Springs, FL 33406

Property Details for 3208 Forest Hill Blvd

Year built

1974

Construction

WOOD

Lot size

1.25 AC

Property size (Sq ft)

5,563 SF

Zone code

CG

Property type

Retail properties

Property subtype

Turn key restaurants

APN

70-43-44-07-01-001-0020

APU

70434407010010020

Description

This exceptional freestanding retail building, located at 3208 Forest Hill Boulevard in Palm Springs, Florida, presents a rare investment opportunity. Boasting 5,563 square feet on a 1.25-acre lot, this 1974-constructed CBS building enjoys a prominent position with approximately 200 feet of frontage on Forest Hill Boulevard, experiencing a daily traffic count exceeding 47,000 vehicles. Its strategic location is less than 1.5 miles west of I-95, ensuring high visibility and accessibility. The property features a substantial 216-seat capacity, a separate bar area, a large commercial kitchen, and ample parking with 88 spaces. Recent upgrades include a new roof, six new commercial train A/C units, and a new walk-in cooler. Adding significant value, a liquor license is included in the sale. The asking price for this turnkey operation is $2,150,000. This property is ideal for a variety of retail uses and represents a strong investment in a thriving Palm Beach County location. The zip code is 33406.

• CAP approach

  CAP return

  Valuation

  6%

  $2,101,482

  6.5%

  $1,939,830

  7%

  $1,801,270

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,899,739

  Geo Method

  $3,899,739

• Alternative Use

  Use

  Valuation

  Residential

  $1,636,319

  Hospitality

  $1,498,859

  Educational

  $1,247,033

  Medical

  $1,289,921

  Retail

  $1,939,830

Location Insight

City

Palm Springs

County

Palm Beach

State

Florida

Latitude

26.6504

Longitude

-80.0908

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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