5700 Georgia AveWest Palm Beach, FL 33405

Property Details for 5700 Georgia Ave

Year built

1971

Construction

CONCRETE

Lot size

0.45 AC

Property size (Sq ft)

5,400 SF

Zone code

I

Property type

Other commercial real estate

Property subtype

Showrooms

APN

74-43-44-04-15-000-0731

APU

74434404150000731

Description

This exceptional 4,750-square-foot warehouse, located at 5700 Georgia Avenue in Palm Beach County, presents a unique investment opportunity. Built in 1971, this single-tenant property sits on a lot with no specified size and is zoned I(city). The building features high ceilings and boasts automatic garage doors and storm shutters, ensuring both functionality and security. A significant portion of the space, approximately 1,450 square feet, includes tile flooring and a bathroom, providing a versatile and well-appointed area. An additional 2,700 square feet offers further potential for customization and expansion. The property's strategic location on Georgia Avenue offers easy access to major transportation routes, including Interstate 95, and benefits from the proximity to other businesses in the area. Please note that mechanical work is prohibited on the premises. The property's APN is 74434404150000731. This warehouse is ready for immediate occupancy and presents a compelling opportunity for a variety of industrial uses. The total building area is 4,750 square feet, with the entire space currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $2,039,907

  6.5%

  $1,882,991

  7%

  $1,748,492

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,785,474

  Geo Method

  $3,785,474

• Alternative Use

  Use

  Valuation

  Residential

  $1,588,374

  Hospitality

  $1,454,942

  Educational

  $1,210,494

  Medical

  $1,252,125

  Retail

  $1,882,991

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.6631

Longitude

-80.0587

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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