2540 Metrocentre BlvdWest Palm Beach, FL 33407

Property Details for 2540 Metrocentre Blvd

Year built

1990

Construction

CONCRETE

Lot size

1.35 AC

Property size (Sq ft)

12,455 SF

Zone code

CPD

Property type

Office properties

Property subtype

Office buildings

APN

74-43-43-06-12-000-0160

APU

74434306120000160

Description

This exceptional 1,400 square foot ground floor medical office suite is ideally situated in a highly sought-after business park just off I-95, offering unparalleled convenience to Downtown West Palm Beach and North Palm Beach. The single-tenant space boasts ample free surface parking, abundant natural light from numerous windows, and excellent signage opportunities for high visibility. Inside, you'll find five spacious offices, a welcoming reception/waiting area, a convenient kitchenette, and a private restroom. The building is professionally managed and benefits from the proximity of numerous national tenants and major hospitals, creating a thriving and reputable business environment. A significant incentive is available: the first month's rent is free for leases executed by November 15th. Furthermore, the owner is willing to contribute towards tenant improvements, making this an exceptional opportunity for a medical practice or other permitted uses. Permitted uses are diverse and include, but are not limited to, department stores, various retail establishments, studios (art, martial arts, music, dance, exercise), financial institutions, and numerous office and business services. This single-story professional office space presents a rare combination of prime location, attractive features, and significant financial incentives. The property is zoned CPD - Commercial. The APN is 74434306120000160.

• CAP approach

  CAP return

  Valuation

  6%

  $3,633,735

  6.5%

  $3,354,217

  7%

  $3,114,630

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,464,732

  Geo Method

  $3,464,732

• Alternative Use

  Use

  Valuation

  Residential

  $4,159,229

  Hospitality

  $3,809,832

  Educational

  $3,169,735

  Medical

  $3,278,747

  Retail

  $4,930,699

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7583

Longitude

-80.0985

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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