237 Blue Heron BlvdRiviera Beach, FL 33404

Property Details for 237 Blue Heron Blvd

Year built

1976

Construction

WOOD

Lot size

0.29 AC

Property size (Sq ft)

5,520 SF

Zone code

DG

Property type

Strip malls

Property subtype

Neighborhood centers

APN

56-43-42-28-12-000-0260

APU

56434228120000260

Description

This exceptional 5,800 square foot turnkey restaurant space presents a unique opportunity in the vibrant Riviera Beach, Florida market. Located at 237 Blue Heron Blvd, in Palm Beach County, this retail property is ideally suited for a multi-tenant restaurant operation. The existing infrastructure offers a significant advantage for a quick and efficient launch, minimizing upfront investment and maximizing return. The property's size allows for ample space to accommodate various dining areas, a fully equipped kitchen, and potentially additional amenities. Its prime location in Riviera Beach ensures high visibility and accessibility, attracting a diverse customer base. The address, 237 Blue Heron Blvd, 33404, offers convenient access to major roadways and ample parking, further enhancing its appeal. This is a rare chance to acquire a well-positioned, ready-to-operate restaurant space in a thriving Florida community. The property is classified as retail, with a restaurant subtype and multiple tenancy. Serious inquiries are encouraged to explore this exciting investment prospect. The property is situated at latitude 26.783234813542634 and longitude -80.05076171906717. This is a truly exceptional opportunity for experienced restaurateurs looking to establish or expand their business in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,696,335

  6.5%

  $2,488,925

  7%

  $2,311,144

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,869,595

  Geo Method

  $3,869,595

• Alternative Use

  Use

  Valuation

  Residential

  $2,099,501

  Hospitality

  $1,923,132

  Educational

  $1,600,023

  Medical

  $1,655,050

  Retail

  $2,488,925

Location Insight

City

Riviera Beach

County

Palm Beach

State

Florida

Latitude

26.783

Longitude

-80.0508

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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