357 Hiatt DrPalm Beach Gardens, FL 33418

Property Details for 357 Hiatt Dr

Year built

1990

Construction

WOOD

Lot size

0.43 AC

Property size (Sq ft)

10,022 SF

Zone code

PCD

Property type

Office properties

Property subtype

Office buildings

APN

52-42-42-15-38-000-0042

APU

52424215380000042

Description

This exceptional commercial property located on Hiatt Drive offers a unique opportunity for businesses seeking ample space and versatile functionality. The complex comprises two separate office buildings, each approximately 5,000 square feet, seamlessly connected by a convenient breezeway. This design provides both independent work areas and easy internal communication flow. In total, the office space encompasses 10,115 square feet, offering significant room for expansion or accommodating a large team. Adding to its practicality, a detached warehouse building provides an additional 2,149 square feet of storage or production space. This separate structure allows for efficient organization and management of inventory or equipment, keeping it distinct from the main office areas. The property's layout is ideal for a variety of businesses, from established companies seeking to expand their operations to startups requiring both office and storage capabilities. The combination of substantial office space and a dedicated warehouse makes this property a highly attractive investment, offering flexibility and potential for significant return. The property is offered as a single tenancy, providing exclusive use and control to the occupant. This presents a rare opportunity to secure a well-designed and functional commercial space in a desirable location. Interested parties are encouraged to inquire for further details and scheduling a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $3,539,867

  6.5%

  $3,267,569

  7%

  $3,034,172

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,554,708

  Geo Method

  $2,554,708

• Alternative Use

  Use

  Valuation

  Residential

  $4,051,786

  Hospitality

  $3,711,414

  Educational

  $3,087,853

  Medical

  $3,194,049

  Retail

  $4,803,327

Location Insight

City

Palm Beach Gardens

County

Palm Beach

State

Florida

Latitude

26.8103

Longitude

-80.1321

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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