631 Northlake BlvdNorth Palm Beach, FL 33408

Property Details for 631 Northlake Blvd

Year built

1962

Construction

CONCRETE

Lot size

0.47 AC

Property size (Sq ft)

4,310 SF

Zone code

C-NB

Property type

Retail properties

Property subtype

Retail space

APN

68-43-42-16-04-037-0152

APU

68434216040370152

Description

This exceptional mixed-use property, located at 631 Northlake Blvd in North Palm Beach, Florida (zip code 33408), presents a unique investment opportunity. Boasting a prime waterfront location, this 4,310 square foot building combines a thriving marina with an established bait and tackle shop. Built in 1962, the property is offered at an asking price of $6,500,000. The single-unit structure sits on a lot with dimensions not specified in the provided information. The property's classification includes mixed-use, retail, and special purpose designations, making it suitable for a variety of uses. The existing bait and tackle shop comes complete with all inventory, providing a turnkey operation for a new owner. This owner/user investment opportunity is situated in the desirable Palm Beach County area, offering excellent access to the Intracoastal Waterway and the Atlantic Ocean. The property's waterfront position and established business provide significant potential for growth and profitability. The combination of marina and retail space creates a synergistic business model with established clientele. This is a rare chance to acquire a well-established waterfront business in a highly sought-after location. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $2,627,277

  6.5%

  $2,425,179

  7%

  $2,251,952

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,768,628

  Geo Method

  $2,768,628

• Alternative Use

  Use

  Valuation

  Residential

  $2,045,729

  Hospitality

  $1,873,877

  Educational

  $1,559,044

  Medical

  $1,612,661

  Retail

  $2,425,179

Location Insight

City

North Palm Beach

County

Palm Beach

State

Florida

Latitude

26.8081

Longitude

-80.0674

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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