838 Northlake BlvdNorth Palm Beach, FL 33408

Property Details for 838 Northlake Blvd

Year built

1966

Construction

WOOD

Lot size

0.52 AC

Property size (Sq ft)

6,800 SF

Zone code

C1

Property type

Retail properties

Property subtype

Strip malls

APN

36-43-42-20-03-126-0010

APU

36434220031260010

Description

This exceptional 6,800-square-foot retail space is located at 838 Northlake Boulevard in Lake Park, Florida, 33408. The property is a single-tenant, freestanding building situated on a highly trafficked section of Northlake Boulevard, just east of Prosperity Farms Road. The building features a C1 zoning designation and APN 36434220031260010. This endcap space offers a perfect layout for various uses, including traditional office spaces or businesses requiring office areas and internal storage. Ample, free, unreserved parking is available for both employees and customers. Recent improvements include repaving and resealing of the parking lot. The property benefits from its location amongst established businesses, providing excellent visibility and accessibility. This is a unique opportunity to secure a prominent location in a thriving commercial area. The building is beautifully maintained and presents a single-story design. The property's address is easily accessible and highly visible from Northlake Boulevard, ensuring strong exposure to potential customers. This space offers a compelling combination of location, amenities, and functionality, making it an ideal choice for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $4,145,124

  6.5%

  $3,826,268

  7%

  $3,552,963

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,368,138

  Geo Method

  $4,368,138

• Alternative Use

  Use

  Valuation

  Residential

  $3,227,600

  Hospitality

  $2,956,464

  Educational

  $2,459,744

  Medical

  $2,544,338

  Retail

  $3,826,268

Location Insight

City

North Palm Beach

County

Palm Beach

State

Florida

Latitude

26.8076

Longitude

-80.0712

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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