300 10Th StLake Park, FL 33403

Property Details for 300 10Th St

Year built

1978

Construction

CONCRETE

Lot size

0.31 AC

Property size (Sq ft)

5,600 SF

Zone code

C2

Property type

Office buildings

APN

36-43-42-20-01-046-0240

APU

36434220010460240

Description

This exceptional Lake Park, Palm Beach County medical office building offers 6,000 square feet of space across two stories in a single building. Built in 1978 and extensively renovated in 2017, the property boasts five suites, with two currently available. The suites are customizable, ranging from a minimum of 500 square feet to a maximum contiguous space of 2,000 square feet. A total of 2,000 square feet is currently vacant, presenting a significant opportunity for immediate occupancy. The building features plentiful parking, ensuring convenient access for patients and staff. Its prime location offers exceptional accessibility, being just minutes from I-95, providing easy ingress and egress for clients and employees. The building's recent renovations ensure a clean, modern aesthetic, ideal for medical practices seeking a professional and welcoming environment. This is a multi-tenant building, offering flexibility for businesses of various sizes. The property is perfectly suited for medical professionals seeking a well-maintained, conveniently located space to establish or expand their practice.

• CAP approach

  CAP return

  Valuation

  6%

  $1,977,974

  6.5%

  $1,825,822

  7%

  $1,695,406

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,557,808

  Geo Method

  $1,557,808

• Alternative Use

  Use

  Valuation

  Residential

  $2,264,019

  Hospitality

  $2,073,830

  Educational

  $1,725,402

  Medical

  $1,784,741

  Retail

  $2,683,958

Location Insight

City

Lake Park

County

Palm Beach

State

Florida

Latitude

26.795

Longitude

-80.0715

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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