315 11Th StWest Palm Beach, FL 33401

Property Details for 315 11Th St

Year built

1925

Construction

WOOD

Lot size

0.16 AC

Property size (Sq ft)

2,335 SF

Zone code

PPD-PO

Property type

Commercial real estate

APN

74-43-43-15-19-002-0190

APU

74434315190020190

Description

This exceptional 2,335 square foot office building, located at 315 11 Street in West Palm Beach, Florida, presents a unique investment opportunity. Built in 1925, this Victorian-style property offers a blend of historical charm and modern functionality. The single-unit building is ideally situated in the heart of downtown West Palm Beach, just steps from Flagler Drive and Olive Avenue, providing easy access to the courthouse and numerous downtown amenities. The property features five individual offices, perfect for a variety of professional uses, along with a full kitchen, enhancing its versatility. While the lot size is not specified, ample parking is available, a significant advantage in a bustling urban setting. The asking price for this prime commercial property is $1,675,000. This live/work space offers a rare chance to own a piece of West Palm Beach history while enjoying a highly convenient and desirable location amidst the city's vibrant growth and development. The property's unique character and central location make it an attractive investment for discerning buyers seeking a distinctive commercial space in a thriving Florida market. The zip code is 33401, and the property is located in Palm Beach County.

• CAP approach

  CAP return

  Valuation

  6%

  $613,610

  6.5%

  $566,409

  7%

  $525,952

• Comparable approach

  Method

  Valuation

  Relative Method

  $649,550

  Geo Method

  $649,550

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,112,290

  Retail / Commercial

  $570,933

  Mixed-Use / Specialty

  $569,336

  Hospitality / Lodging

  $418,273

  Office

  $566,409

  Institutional / Educational

  $592,036

  Residential Income

  $692,682

  Multifamily

  $828,338

  Automotive / Energy

  $507,460

  Parking / Income-Based Land

  $174,685

  Restaurant / Food Service

  $297,050

  Healthcare / Senior Housing

  $583,394

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7237

Longitude

-80.0524

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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