5812 Dixie HwyWest Palm Beach, FL 33405

Property Details for 5812 Dixie Hwy

Year built

1950

Construction

CONCRETE

Lot size

0.11 AC

Property size (Sq ft)

1,750 SF

Zone code

NC

Property type

Retail properties

Property subtype

Retail space

APN

74-43-44-03-18-000-1190

APU

74434403180001190

Description

This exceptional 1,206 square foot commercial property, located at 5812 S Dixie Highway in West Palm Beach, Florida (zip code 33405), presents a unique investment opportunity. The single-tenant building, zoned GC (APN: 74434403180001190), boasts prime frontage on a busy thoroughfare, making it ideal for a variety of uses including cafe, retail, or office space. A recent, comprehensive renovation has transformed the building, resulting in a move-in ready space. Improvements include brand new impact windows and doors, fresh paint and stucco, a completely updated HVAC system, a new roof, and upgraded electrical and plumbing systems. An ADA-compliant bathroom has also been installed. Beyond the interior, the property offers valuable outdoor patio space, perfect for customer seating or additional functionality. Convenient rear alley access provides easy loading and unloading for deliveries and pickups. The property is available for lease at a rate of $45 per square foot, plus common area maintenance charges. This meticulously restored building represents a rare opportunity to secure a high-visibility commercial space in a thriving West Palm Beach location. The property's location offers excellent visibility and accessibility, ensuring strong potential for business success.

• CAP approach

  CAP return

  Valuation

  6%

  $661,081

  6.5%

  $610,229

  7%

  $566,641

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,226,774

  Geo Method

  $1,226,774

• Alternative Use

  Use

  Valuation

  Residential

  $514,751

  Hospitality

  $471,509

  Educational

  $392,290

  Medical

  $405,781

  Retail

  $610,229

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.6621

Longitude

-80.0555

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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