3657 Westgate AveWest Palm Beach, FL 33409

Property Details for 3657 Westgate Ave

Year built

1973

Construction

STEEL FRAME

Lot size

0.27 AC

Property size (Sq ft)

2,200 SF

Zone code

CG

Property type

Retail properties

Property subtype

Retail space

APN

00-43-43-30-03-027-0370

APU

434330030270370

Description

This exceptional investment opportunity presents a 2,200 square foot office building situated on a 0.26-acre lot at 3657 Westgate Avenue, West Palm Beach, Florida, 33409. Built in 1973, the single-unit property is currently rented on a month-to-month basis. The sale includes not only the building itself but also an adjacent 0.40-acre vacant lot at 2743 Westgate Avenue, significantly increasing the potential for future development or expansion. The property's location in West Palm Beach offers excellent access to major transportation routes and amenities. Showings are strictly by appointment only, and prospective buyers must provide proof of funds (POF) if paying cash or a pre-approval letter from a commercial lender. Please respect the tenant's privacy and refrain from disturbing them. This is a rare chance to acquire a well-located office building with significant added land, presenting a compelling investment opportunity in a thriving Florida market. The property is offered at $875,000. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $749,874

  6.5%

  $692,191

  7%

  $642,749

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,542,230

  Geo Method

  $1,542,230

• Alternative Use

  Use

  Valuation

  Residential

  $583,889

  Hospitality

  $534,839

  Educational

  $444,980

  Medical

  $460,283

  Retail

  $692,191

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7034

Longitude

-80.0973

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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