This exceptional 3,026-square-foot freestanding fast-food building presents a remarkable investment opportunity in the thriving Greenacres, Florida market. Situated on a sizable 0.84-acre lot at 4650 Jog Rd, near the intersection of Jog Rd and Melaleuca Rd, this single-tenant property boasts 35 parking spaces, ensuring ample customer convenience. The building, zoned for commercial use, is currently vacant and ready for immediate occupancy. Originally constructed in 1993 and renovated in 2017, this second-generation QSR space offers a solid foundation for a new tenant. Its previous use as a Wendy's speaks to its proven suitability for fast-food operations. The property's prime location and ample parking make it an ideal site for a variety of quick-service restaurant concepts. The 3,026 square feet of space provides flexibility for customization and efficient operations. With its drive-thru capability, this property is well-positioned to capitalize on the growing demand for convenient dining options. The 33463 zip code offers strong demographics and high traffic volume, making this a highly desirable location for a successful business venture. This is a rare opportunity to acquire a well-maintained, ready-to-occupy QSR building in a prime location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,373,532
6.5%
$1,267,876
7%
$1,177,314
Comparable approach
Method
Valuation
Relative Method
$2,043,029
Geo Method
$2,043,029
Alternative Use
Use
Valuation
Residential
$1,069,501
Hospitality
$979,657
Educational
$815,063
Medical
$843,094
Retail
$1,267,876
Location Insight
City
Greenacres
County
Palm Beach
State
Florida
Latitude
26.6085
Longitude
-80.1463
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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