1098 Military TrlHaverhill, FL 33409

Property Details for 1098 Military Trl

Year built

1969

Construction

WOOD

Lot size

0.68 AC

Property size (Sq ft)

1,893 SF

Zone code

MUPD

Property type

Retail properties

Property subtype

Turn key restaurants

APN

00-42-43-25-31-001-0060

APU

424325310010060

Description

This exceptional 0.68-acre commercial land parcel presents a unique investment opportunity in West Palm Beach, Florida. Located at 1098 N Military Trail, this property boasts a highly desirable Multiple Use Planned Development (MUPD) zoning designation, offering flexibility for a variety of commercial uses. Ideal for a car wash, quick-service restaurant (QSR), or fast-food establishment, this site benefits from unparalleled visibility and accessibility. Situated on Military Trail, it enjoys exposure to a substantial daily traffic count of 42,500 vehicles, further amplified by the 66,500 vehicles traversing the intersection daily. The strategic location at the main entrance to a significant development and directly across from Palm Beach International Airport ensures high traffic volume and strong brand visibility. This prime location offers exceptional potential for significant return on investment. The property's 0.68 acres provide ample space for development, making it an attractive option for businesses seeking a high-traffic, easily accessible location in a thriving area of West Palm Beach. The MUPD zoning allows for a range of commercial uses, providing flexibility for potential buyers. This is a rare opportunity to acquire a highly visible and strategically located commercial parcel in a rapidly growing market. Don't miss out on this exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $645,232

  6.5%

  $595,599

  7%

  $553,056

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,327,019

  Geo Method

  $1,327,019

• Alternative Use

  Use

  Valuation

  Residential

  $502,410

  Hospitality

  $460,205

  Educational

  $382,885

  Medical

  $396,053

  Retail

  $595,599

Location Insight

City

Haverhill

County

Palm Beach

State

Florida

Latitude

26.6935

Longitude

-80.1111

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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