801 Olive AveWest Palm Beach, FL 33401

Property Details for 801 Olive Ave

Year built

2006

Construction

CONCRETE BLOCKS

Lot size

1.00 AC

Property size (Sq ft)

240 SF

Property type

Office properties

Property subtype

Office buildings

APN

74-43-43-22-38-017-0010

APU

74434322380170010

Description

This 816-square-foot single-tenant office condo is ideally situated on South Olive Avenue in the heart of West Palm Beach, Florida, (Zip code 33401). Located on the first floor of a luxury condominium building, this live/work space offers immediate occupancy. The unit features tile flooring throughout the main level, granite countertops, stainless steel appliances, and a convenient ADA-compliant half bathroom. A washer/dryer combo is included. A spiral staircase leads to a second-level loft with a full bathroom. Access is provided via a front door opening directly onto South Olive Avenue and an additional interior door near building elevators. The property includes one designated parking space (#275) and one storage cage. Building amenities are extensive and include a rooftop pool, sauna, steam room, BBQ area, a seventh-floor fitness center and clubroom, valet service, and bike storage. The zoning designation is QGD-25. The APN is 74434322380011160. This vibrant downtown location offers easy access to Palm Beach, CityPlace, and Brightline. Permitted business types should be verified with the City of West Palm Beach. This exceptional property presents a unique opportunity to combine living and working in a thriving urban environment.

• CAP approach

  CAP return

  Valuation

  6%

  $55,649

  6.5%

  $51,369

  7%

  $47,699

• Comparable approach

  Method

  Valuation

  Relative Method

  $66,763

  Geo Method

  $66,763

• Alternative Use

  Use

  Valuation

  Residential

  $63,697

  Hospitality

  $58,346

  Educational

  $48,543

  Medical

  $50,213

  Retail

  $75,512

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7058

Longitude

-80.0525

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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