7100 Fairway DrPalm Beach Gardens, FL 33418

Property Details for 7100 Fairway Dr

Year built

1986

Construction

CONCRETE

Lot size

12.13 AC

Property size (Sq ft)

35,813 SF

Zone code

PCD

Property type

Retail properties

Property subtype

Community centers

APN

52-42-42-10-19-001-0010

APU

52424210190010010

Description

LA Fitness Plaza, located at 7100 Fairway Dr, Palm Beach Gardens, FL 33418, presents a compelling retail investment opportunity. This 106,006 square foot neighborhood center, built in 1986 and situated on 12.13 acres in Palm Beach County, offers five available spaces ranging from 1,200 to 4,100 square feet. Currently, 9,490 square feet are vacant. The center enjoys a prime location, benefiting from its proximity to affluent master-planned communities such as PGA National, Mirasol, BallenIsles, and Ironhorse, boasting some of the highest median incomes in South Florida. Its strategic placement at the intersection of PGA Blvd and Fairway Drive places it within a thriving commercial area, including over 500,000 square feet of office space, notably the Bascom Palmer Eye Institute. The renowned PGA National Resort, a mere 5-minute drive away, hosts popular tournaments annually, including the Honda Classic, generating significant foot traffic and visibility. This LA Fitness-anchored center offers a unique chance to establish a presence in a high-demand, high-traffic location within a well-established and affluent community.

• CAP approach

  CAP return

  Valuation

  6%

  $18,594,760

  6.5%

  $17,164,394

  7%

  $15,938,365

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,005,312

  Geo Method

  $23,005,312

• Alternative Use

  Use

  Valuation

  Residential

  $14,478,808

  Hospitality

  $13,262,510

  Educational

  $11,034,253

  Medical

  $11,413,738

  Retail

  $17,164,394

Location Insight

City

Palm Beach Gardens

County

Palm Beach

State

Florida

Latitude

26.8362

Longitude

-80.1319

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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