1100 Royal Palm Beach BlvdRoyal Palm Beach, FL 33411

Property Details for 1100 Royal Palm Beach Blvd

Year built

2021

Construction

CONCRETE

Lot size

0.92 AC

Property size (Sq ft)

3,132 SF

Zone code

CG

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

72-41-43-23-00-000-7030

APU

72414323000007030

Description

This exceptional retail opportunity is situated at the highly visible hard corner of Okeechobee Boulevard and Royal Palm Beach Boulevard in Royal Palm Beach, Florida, within Palm Beach County. The Crossroads shopping center, recently renovated, boasts a brand-new façade, updated landscaping, and a freshly paved parking lot. This 129,344 square foot center enjoys a prime location with over 61,000 vehicles passing daily. The center features a strong tenant mix including Walgreens, Bank of America, and Tire Kingdom, anchored by a recently expanded and renovated Publix supermarket, scheduled to reopen in June 2023. Available spaces range from a minimum of 1,491 square feet to a maximum contiguous space of 975 square feet, with a total of 2,466 square feet currently vacant. Ideal for a variety of retail or restaurant concepts, this location offers unparalleled visibility and access to a dense population. The property's recent renovations ensure a modern and attractive environment for both tenants and customers. This is a rare opportunity to secure space in a thriving, well-maintained shopping center with exceptional traffic counts and a strong anchor tenant. Lease terms are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $1,415,411

  6.5%

  $1,306,533

  7%

  $1,213,210

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,195,574

  Geo Method

  $2,195,574

• Alternative Use

  Use

  Valuation

  Residential

  $1,102,110

  Hospitality

  $1,009,527

  Educational

  $839,914

  Medical

  $868,800

  Retail

  $1,306,533

Location Insight

City

Royal Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7076

Longitude

-80.2287

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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