For Sale
$4,300,000

1248 Military TrlWest Palm Beach, FL 33415

Prime Location, Development Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional West Palm Beach office building, located at 1248 S Military Trail, presents a unique investment opportunity. The property boasts 2,506 square feet of existing office space, divided into two units, and is situated on a lot with dimensions not specified in the provided information. Built in 1957, the building offers significant potential for redevelopment. County-approved drawings and permits are in place for the construction of a 16,000+ square foot medical facility, providing a clear path for expansion and increased value. However, the zoning allows for flexibility, enabling the development of a variety of commercial buildings or shopping centers to suit individual needs and market demands. The asking price for this property is $4,300,000. The property's address is 1248 S Military Trail, West Palm Beach, Florida, 33415. This prime location in Palm Beach County offers excellent access to major transportation routes and a thriving commercial environment. The existing structure provides immediate income potential while the approved plans offer a lucrative path to significant future returns. This is a rare opportunity to acquire a property with both immediate income and substantial long-term development potential in a highly desirable location. The property is zoned for commercial use, allowing for a wide range of development options.

Highlights

  • Exceptional West Palm Beach investment opportunity at 1248 S Military Trail, West Palm Beach, FL 33415.
  • 2,506 SF existing office space, divided into two units, generating immediate income.
  • County-approved plans for a 16,000+ SF medical facility, offering significant upside potential.
  • Flexible commercial zoning allows for various development options, including shopping centers.
  • Asking price: $4,300,000.

Property Details for 1248 Military Trl

Property type
Office properties
Square Feet
2,506 SF
Year Built
1957
Units
2

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.658755
Longitude
-80.111483
1248 Military Trl, West Palm Beach, Florida

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1248 Military Trl
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