277 Evernia StWest Palm Beach, FL 33401

Property Details for 277 Evernia St

Year built

2002

Construction

CONCRETE BLOCKS

Lot size

1.00 AC

Property size (Sq ft)

1,590 SF

Property type

Investment properties

Property subtype

Live-work space

APN

74-43-43-22-37-001-0050

APU

74434322370010050

Description

This exceptional 1,821 square foot Class A retail condo is situated in the vibrant heart of downtown West Palm Beach, Florida, at 277 Evernia Street, zip code 33401. Located within a newly constructed Class AAA high-rise residential tower, this single-tenant space boasts excellent street frontage on both Evernia and Olive Streets, offering unparalleled visibility and accessibility. The property is a ground floor unit, perfect for a variety of uses including office, office services, showroom, cafe, or other retail ventures. Its "NNN" lease structure provides a clear and straightforward financial arrangement. The space is move-in ready, presenting a unique opportunity for a business seeking a high-profile location in a rapidly growing area of West Palm Beach. The property's prime location within Palm Beach County ensures high foot traffic and exposure to a diverse clientele. This is an exceptional opportunity to establish or expand your business in a thriving and desirable urban setting. The space is adaptable and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $368,676

  6.5%

  $340,316

  7%

  $316,008

• Comparable approach

  Method

  Valuation

  Relative Method

  $442,306

  Geo Method

  $442,306

• Alternative Use

  Use

  Valuation

  Residential

  $421,992

  Hospitality

  $386,543

  Educational

  $321,599

  Medical

  $332,659

  Retail

  $500,265

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7116

Longitude

-80.0513

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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