2000 Federal HwyDelray Beach, FL 33483

Property Details for 2000 Federal Hwy

Year built

1975

Construction

CONCRETE

Lot size

1.03 AC

Property size (Sq ft)

12,410 SF

Zone code

GC

Property type

Retail properties

Property subtype

Strip malls

APN

12-43-46-04-00-000-7060

APU

12434604000007060

Description

This exceptional Delray Beach commercial property, located at 2000 N Federal Hwy, offers 8,000 square feet of vacant executive office space on the second floor. The building, constructed in 1975, boasts a total of 29,588 square feet across two stories, situated on a 1.03-acre lot. The available space is divisible, with office units ranging from 500 to 4,000 square feet, providing flexibility for various business needs. The property features a 10-foot ceiling height and is zoned GC (city). The property's convenient location in Delray Beach, Florida (zip code 33483), offers excellent accessibility and visibility. This single-tenant property is ideal for a company seeking a prominent presence in a thriving market. The asking rent is $25 per square foot, plus a CAM charge of $4.60 per square foot. The Palm Beach County property (APN: 12434604000007060) presents a unique opportunity for businesses seeking high-quality office space in a desirable location. The property is classified as both retail and office, offering a versatile space adaptable to a range of commercial uses. This is a rare opportunity to secure a significant amount of office space in a well-established building.

• CAP approach

  CAP return

  Valuation

  6%

  $5,610,788

  6.5%

  $5,179,189

  7%

  $4,809,247

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,378,716

  Geo Method

  $8,378,716

• Alternative Use

  Use

  Valuation

  Residential

  $4,368,840

  Hospitality

  $4,001,834

  Educational

  $3,329,479

  Medical

  $3,443,985

  Retail

  $5,179,189

Location Insight

City

Delray Beach

County

Palm Beach

State

Florida

Latitude

26.4842

Longitude

-80.0661

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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