388 Military TrlWest Palm Beach, FL 33415

Property Details for 388 Military Trl

Year built

1972

Construction

STEEL FRAME

Lot size

1.14 AC

Property size (Sq ft)

8,500 SF

Zone code

UI

Property type

Other commercial real estate

Property subtype

Showrooms

APN

00-42-44-01-00-000-1120

APU

424401000001120

Description

This exceptional 8,500-square-foot single-tenant flex space is ideally situated on a large one-acre lot with unparalleled visibility and convenient access to Military Trail in West Palm Beach, Florida. Built in 1972, this one-story building offers a versatile layout suitable for retail, office, medical, or industrial uses, making it an excellent opportunity for a variety of businesses. The property boasts exceptional signage opportunities due to its prominent location and frontage on Military Trail. The zoning is Palm Beach County - UI. The entire 8,500 square feet is currently vacant, presenting a blank canvas for your business needs. Enjoy easy ingress and egress from the highly desirable Military Trail location. This property has been occupied by the same tenant for decades, making it a rare find in the current market. Note that the lease rate excludes utilities, property expenses, and building services. This is a unique opportunity to establish your business in a high-traffic area with significant visibility and a substantial lot size. Inquire today to learn more about this remarkable property.

• CAP approach

  CAP return

  Valuation

  6%

  $2,897,238

  6.5%

  $2,674,374

  7%

  $2,483,347

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,958,616

  Geo Method

  $5,958,616

• Alternative Use

  Use

  Valuation

  Residential

  $2,255,934

  Hospitality

  $2,066,424

  Educational

  $1,719,240

  Medical

  $1,778,368

  Retail

  $2,674,374

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.6716

Longitude

-80.1117

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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