4645 Gun Club RdWest Palm Beach, FL 33415

Property Details for 4645 Gun Club Rd

Year built

1979

Construction

CONCRETE

Lot size

11.63 AC

Property size (Sq ft)

39,266 SF

Zone code

UC

Property type

Grocery and convenience stores

APN

00-42-44-01-28-000-0000

APU

424401280000000

Description

Invest in this established 102,155 square foot retail strip center, ideally situated in the east-central area of unincorporated Palm Beach County, boasting a West Palm Beach address. Built in 1979, this single-story property offers a significant opportunity with 33,000 square feet of immediately available space, divisible into units as small as 1,300 square feet, and with a maximum contiguous space of 33,000 square feet. The center features ample parking with 522 spaces, catering to the needs of both tenants and customers. The property is zoned CG, reflecting its suitability for a variety of retail uses. The surrounding neighborhood is well-established and stable, characterized by a healthy market for residential and commercial properties, including retail, office, and restaurant spaces. Its convenient location near schools, churches, and other amenities ensures high visibility and accessibility. This presents a unique chance to acquire a substantial retail space in a thriving community. The property's size and flexible layout make it suitable for a variety of retail concepts, from smaller boutiques to larger anchor tenants. Don't miss this opportunity to secure a prime retail location in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $13,383,879

  6.5%

  $12,354,349

  7%

  $11,471,896

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,526,000

  Geo Method

  $27,526,000

• Alternative Use

  Use

  Valuation

  Residential

  $10,421,356

  Hospitality

  $9,545,906

  Educational

  $7,942,082

  Medical

  $8,215,222

  Retail

  $12,354,349

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.6748

Longitude

-80.115

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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