2393 Military TrlWest Palm Beach, FL 33409

Property Details for 2393 Military Trl

Year built

1963

Construction

WOOD

Lot size

0.29 AC

Property size (Sq ft)

3,146 SF

Zone code

CG

Property type

Retail properties

Property subtype

Retail space

APN

00-42-43-24-00-000-7240

APU

424324000007240

Description

This exceptional retail property, located at 2393 N Military Trail in West Palm Beach, Florida, presents a unique investment opportunity. Boasting 3,146 square feet of space, this single-unit building is situated in a high-traffic area, offering excellent visibility and accessibility for businesses. Constructed in 1963, the property benefits from a recently updated roof (2024) and features a rare amenity: three half-bathrooms. Ample parking is available directly in front of the building, ensuring convenient access for customers and employees. The asking price is $1,500,000. The property's location near Palm Beach International Airport provides significant advantages for businesses catering to travelers or those seeking proximity to the airport. This prime retail space is ideal for a variety of businesses seeking a well-maintained, conveniently located property in a thriving area of West Palm Beach. The property is situated in Palm Beach County, Florida, with a zip code of 33409. While the lot size is not specified, the building's prominent location and ample parking make it a highly desirable commercial property. This is a rare opportunity to acquire a well-positioned retail space in a high-demand location. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,072,319

  6.5%

  $989,833

  7%

  $919,131

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,205,389

  Geo Method

  $2,205,389

• Alternative Use

  Use

  Valuation

  Residential

  $834,961

  Hospitality

  $764,820

  Educational

  $636,321

  Medical

  $658,205

  Retail

  $989,833

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7125

Longitude

-80.1113

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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