3111 45Th StWest Palm Beach, FL 33407

Property Details for 3111 45Th St

Year built

1989

Construction

CONCRETE

Lot size

4.39 AC

Property size (Sq ft)

24,251 SF

Zone code

CPD

Property type

Retail properties

Property subtype

Strip malls

APN

74-42-43-01-17-000-0071

APU

74424301170000071

Description

This exceptional 2,421 square foot retail space is ideally located at 3111 45th Street in West Palm Beach, Florida, zip code 33407. The property is a single-tenant building, perfect for a variety of retail businesses. It's zoned CPD and features on-site signage opportunities visible from 45th Street. The lot size is not specified. The property's APN is 74424301170000071. This is a NNN lease, meaning the tenant is responsible for base rent, common area maintenance (CAM), and annual property taxes. This translates to predictable and manageable operating expenses for the tenant. The property's convenient location in West Palm Beach offers excellent visibility and accessibility for customers. This presents a unique opportunity for a business seeking a well-situated, single-tenant retail space with strong signage potential. The property is ready for immediate occupancy. Interested parties should inquire about lease terms and conditions. The property's latitude and longitude coordinates are 26.7605942 and -80.1012414 respectively.

• CAP approach

  CAP return

  Valuation

  6%

  $10,400,555

  6.5%

  $9,600,512

  7%

  $8,914,761

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,000,280

  Geo Method

  $17,000,280

• Alternative Use

  Use

  Valuation

  Residential

  $8,098,392

  Hospitality

  $7,418,083

  Educational

  $6,171,758

  Medical

  $6,384,014

  Retail

  $9,600,512

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7603

Longitude

-80.1014

CBSA code

33100

CBSA name

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

Property Tax & Assessments

FAQs

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