537 Northlake BlvdNorth Palm Beach, FL 33408

Property Details for 537 Northlake Blvd

Year built

1968

Construction

CONCRETE

Lot size

0.52 AC

Property size (Sq ft)

2,977 SF

Zone code

C-NB

Property type

Retail properties

Property subtype

Other car washes

APN

68-43-42-16-05-055-0140

APU

68434216050550140

Description

This exceptional single-tenant retail property at 537 Northlake Boulevard in North Palm Beach, Florida, presents a unique investment opportunity. The 2,000 square foot free-standing building sits on a 0.52-acre lot, offering ample space and visibility. Its convenient location at the intersection of Northlake Boulevard and Southwind Drive ensures high traffic and excellent exposure for any business. The property is currently vacant, providing immediate occupancy for a new tenant. The building is a single-story structure with no elevators, making it easily accessible and efficient. Zoned C1, this property is ideal for a variety of retail uses. The address is 537 Northlake Blvd, North Palm Beach, FL 33408. With its prime location, ample space, and convenient access, this property is poised for success. The entire 2,000 square feet is available for lease. This is a rare opportunity to acquire a well-situated retail space in a thriving Florida community. The property's size and location make it an attractive option for a variety of businesses seeking high visibility and convenient access for customers. The vacant status allows for immediate customization and occupancy, making it an ideal choice for entrepreneurs and established businesses alike.

• CAP approach

  CAP return

  Valuation

  6%

  $1,814,711

  6.5%

  $1,675,118

  7%

  $1,555,466

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,912,345

  Geo Method

  $1,912,345

• Alternative Use

  Use

  Valuation

  Residential

  $1,413,024

  Hospitality

  $1,294,323

  Educational

  $1,076,861

  Medical

  $1,113,896

  Retail

  $1,675,118

Location Insight

City

North Palm Beach

County

Palm Beach

State

Florida

Latitude

26.808

Longitude

-80.0634

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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