2411 Division AveWest Palm Beach, FL 33407

Property Details for 2411 Division Ave

Year built

1940

Construction

WOOD

Lot size

0.27 AC

Property size (Sq ft)

2,313 SF

Zone code

IL

Property type

Other commercial real estate

Property subtype

Showrooms

APN

74-43-43-09-06-011-0060

APU

74434309060110060

Description

This exceptional single-tenant industrial warehouse, located at 2411 Division Avenue in West Palm Beach, Florida, presents a compelling investment opportunity. The property boasts a total area of 2,313 square feet, offering ample space for various industrial uses. Its zoning classification is I(city), providing flexibility for a range of potential businesses. The property's address is 2411 Division Avenue, West Palm Beach, FL 33407, with GPS coordinates of 26.7352165 latitude and -80.0597353 longitude. The property consists of a single building suite within a single tenancy structure, making it ideal for owner-occupiers or investors seeking a straightforward, low-maintenance asset. The property's APN is 74434309060110060. While the lot size is not currently specified, the building itself provides substantial space for operations. This warehouse is situated in a prime West Palm Beach location, offering convenient access to major transportation routes and essential amenities. The property's industrial nature and single-tenant occupancy provide a stable and predictable income stream for potential investors. This is a rare opportunity to acquire a well-located, functional industrial warehouse in a thriving Florida market. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $991,979

  6.5%

  $915,673

  7%

  $850,268

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,621,444

  Geo Method

  $1,621,444

• Alternative Use

  Use

  Valuation

  Residential

  $772,404

  Hospitality

  $707,518

  Educational

  $588,647

  Medical

  $608,891

  Retail

  $915,673

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7353

Longitude

-80.0598

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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