1700 45Th StWest Palm Beach, FL 33407

Property Details for 1700 45Th St

Year built

1985

Construction

CONCRETE

Lot size

8.20 AC

Property size (Sq ft)

13,668 SF

Zone code

NC

Property type

Retail properties

Property subtype

Community centers

APN

74-43-43-05-01-028-0011

APU

74434305010280011

Description

45th Street Plaza presents a compelling investment opportunity in the thriving West Palm Beach market. This Class B property, built in 1985, encompasses 118,000 square feet across four buildings situated at 1700 45th St, West Palm Beach, FL 33407. The property is zoned NC - Neighborhood Commercial within Palm Beach County and enjoys a convenient location one mile east of I-95, providing excellent accessibility. The plaza offers a diverse mix of retail, office, and restaurant spaces, currently featuring multiple tenancies. Six individual spaces are immediately available, ranging in size from 1,260 to 12,000 square feet, catering to a variety of business needs. The property's traditional and creative office subtypes make it suitable for a wide range of tenants. Its strategic location at the intersection of 45th Street and Australian Avenue ensures high visibility and accessibility for businesses. This vibrant neighborhood shopping center benefits from the accelerated growth experienced throughout West Palm Beach, making it an attractive proposition for both established businesses and new ventures. The property's diverse tenant mix and convenient location contribute to its strong potential for sustained growth and profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $5,861,811

  6.5%

  $5,410,902

  7%

  $5,024,410

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,581,454

  Geo Method

  $9,581,454

• Alternative Use

  Use

  Valuation

  Residential

  $4,564,299

  Hospitality

  $4,180,873

  Educational

  $3,478,438

  Medical

  $3,598,066

  Retail

  $5,410,902

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7526

Longitude

-80.0793

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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