277 Evernia StWest Palm Beach, FL 33401
- Mixed-use properties
- 1,590 SF
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
- Mixed-use properties
- Property subtype
- Other investment properties
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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