433 Flamingo DrWest Palm Beach, FL 33401

Property Details for 433 Flamingo Dr

Year built

1945

Construction

WOOD

Lot size

0.12 AC

Property size (Sq ft)

6,400 SF

Zone code

GC

Property type

Showrooms

APN

74-43-43-28-06-010-0171

APU

74434328060100171

Description

This exceptional mixed-use property, located at 433 Flamingo Drive in the heart of West Palm Beach, Florida, presents a unique investment opportunity. Built in 1945, this single-unit building offers unparalleled access to the vibrant cultural scene and upscale amenities of Downtown West Palm Beach. Its strategic location places it within minutes of Palm Beach Island, the renowned Norton Museum of Art, and the bustling shops and restaurants of The Square. The property's versatility makes it ideal for a variety of uses, including, but not limited to, an art gallery or high-end car storage facility. The asking price is $5,895,000. While the lot size is not specified, the property's prime location and potential for diverse commercial applications make it a highly attractive investment. The address is 433 Flamingo Drive, West Palm Beach, FL 33401, situated in Palm Beach County. This is a rare chance to acquire a well-positioned commercial property in one of Florida's most desirable and rapidly growing urban centers. The property's historical context adds to its unique character and potential for adaptive reuse. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $2,181,450

  6.5%

  $2,013,646

  7%

  $1,869,814

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,486,487

  Geo Method

  $4,486,487

• Alternative Use

  Use

  Valuation

  Residential

  $1,698,586

  Hospitality

  $1,555,896

  Educational

  $1,294,487

  Medical

  $1,339,006

  Retail

  $2,013,646

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.6965

Longitude

-80.0555

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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