2715 Australian AveWest Palm Beach, FL 33407

Property Details for 2715 Australian Ave

Year built

1986

Construction

CONCRETE

Lot size

0.43 AC

Property size (Sq ft)

5,820 SF

Zone code

OC

Property type

Office buildings

APN

74-43-43-09-11-000-0112

APU

74434309110000112

Description

This exceptional 1,885-square-foot office suite, located at 2715 N Australian Ave, West Palm Beach, FL 33407, offers immediate occupancy. Situated in a single-story, 5,820-square-foot building constructed in 1986, this traditional office space is also suitable for executive, coworking, medical, or creative uses. The suite boasts a spacious layout with a large central area adaptable to various workstation configurations. Enjoy stunning waterfront views of Lake Mangonia from this professionally managed building. Amenities include clean, air-conditioned men's and women's restrooms in the lobby, and ample parking with 20 spaces available. The property sits on an 18,578-square-foot lot and is zoned OC. The suite is individually metered for power. This is a single-tenant occupancy space with a minimum two-year lease requirement. Located in an Opportunity Zone, this property presents significant long-term tax advantages for eligible tenants. The asking rent is $3,613 per month plus sales tax. Property APN: 74434309110000112. Building FAR is 4,945. No elevators are present. Video tours are available online.

• CAP approach

  CAP return

  Valuation

  6%

  $1,697,980

  6.5%

  $1,567,366

  7%

  $1,455,411

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,619,008

  Geo Method

  $1,619,008

• Alternative Use

  Use

  Valuation

  Residential

  $1,943,534

  Hospitality

  $1,780,266

  Educational

  $1,481,161

  Medical

  $1,532,100

  Retail

  $2,304,028

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7376

Longitude

-80.0685

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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