617 Northlake BlvdNorth Palm Beach, FL 33408

Property Details for 617 Northlake Blvd

Year built

1964

Construction

CONCRETE

Lot size

0.08 AC

Property size (Sq ft)

1,750 SF

Zone code

C-NB

Property type

Retail properties

Property subtype

Retail space

APN

68-43-42-16-04-038-0022

APU

68434216040380022

Description

This exceptional freestanding retail property, located at 617 Northlake Blvd in North Palm Beach, Florida, presents a compelling investment opportunity. The 1-story building, constructed in 1964, boasts a highly desirable location directly on Northlake Boulevard, ensuring excellent visibility and accessibility for customers. Currently utilized as a retail service business, this 785,000 dollar property offers significant potential for a variety of uses, making it ideal for both established businesses seeking a prime location and savvy investors looking for a strong return. The property's prime location in the thriving North Palm Beach market, within Palm Beach County (zip code 33408), guarantees high foot traffic and exposure to a substantial customer base. The seller is motivated, presenting a unique chance to acquire this well-positioned retail space at an attractive price. The building's single-story design offers ease of access and functionality, while its established retail history provides a solid foundation for future success. This is a rare opportunity to own a highly visible and strategically located retail property in a sought-after area of Florida. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,066,760

  6.5%

  $984,701

  7%

  $914,366

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,124,153

  Geo Method

  $1,124,153

• Alternative Use

  Use

  Valuation

  Residential

  $830,632

  Hospitality

  $760,855

  Educational

  $633,022

  Medical

  $654,793

  Retail

  $984,701

Location Insight

City

North Palm Beach

County

Palm Beach

State

Florida

Latitude

26.8081

Longitude

-80.0663

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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