277 Evernia StWest Palm Beach, FL 33401

  • Mixed-use properties
  • 1,590 SF
For Lease
$49/SF/YR View listing

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
277 Evernia St, West Palm Beach, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,633
-
$423,116
$423,116
-
-
$423,116
$423,116

FAQs

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