4476 Park LnWest Palm Beach, FL 33406

Property Details for 4476 Park Ln

Year built

1987

Construction

CONCRETE

Lot size

1.07 AC

Property size (Sq ft)

5,000 SF

Zone code

CG

Property type

Retail properties

Property subtype

Auto shops

APN

70-42-44-13-00-000-5030

APU

70424413000005030

Description

This exceptional 1.069-acre commercial land parcel, located at 4476 Park Ln in West Palm Beach, Florida (zip code 33406), presents a unique redevelopment opportunity. Zoned CG Commercial General (2700 Auto Sales- Palm Springs), this property is ideally suited for a variety of auto-related businesses, including a gas station and convenience store. The asking price is $5,000,000. Lenders are prepped and ready to review financing options for qualified buyers. The property's location in Palm Beach County offers excellent visibility and accessibility, situated near an existing Cumberland Farms gas station, indicating strong market demand. This established location, previously home to a local automotive business since 1992, provides a solid foundation for a new venture. The substantial lot size allows for ample space to develop a comprehensive facility, incorporating additional services beyond a standard gas station. This is a turnkey opportunity for a national brand or an ambitious entrepreneur seeking to capitalize on a prime location in a thriving market. The property is owned by Park Lane Enterprises LLC. The latitude and longitude coordinates are 26.6365648, -80.1116502 respectively.

• CAP approach

  CAP return

  Valuation

  6%

  $1,888,803

  6.5%

  $1,743,510

  7%

  $1,618,974

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,505,068

  Geo Method

  $3,505,068

• Alternative Use

  Use

  Valuation

  Residential

  $1,470,716

  Hospitality

  $1,347,168

  Educational

  $1,120,828

  Medical

  $1,159,375

  Retail

  $1,743,510

Location Insight

City

Palm Springs

County

Palm Beach

State

Florida

Latitude

26.6366

Longitude

-80.112

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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