7800 Okeechobee BlvdWest Palm Beach, FL 33411

Property Details for 7800 Okeechobee Blvd

Year built

2004

Construction

CONCRETE

Lot size

6.54 AC

Property size (Sq ft)

23,450 SF

Zone code

GC

Property type

Retail properties

Property subtype

Strip malls

APN

74-42-43-28-43-004-0000

APU

74424328430040000

Description

This exceptional retail opportunity presents a thriving, established restaurant in West Palm Beach, Florida. Located at 7800 Okeechobee Boulevard, zip code 33411, this 2,663 square foot business has been a community favorite for over a decade, serving delicious Dim Sum and Chinese cuisine. Built in 2004, the restaurant boasts a loyal customer base, operating six days a week from 11:00 AM to 9:00 PM (closed Tuesdays). The property is situated in Palm Beach County and offers a turnkey operation for a prospective buyer looking to enter the established restaurant market. The asking price is $275,000. This presents a unique chance to acquire a profitable, well-regarded business with a proven track record in a desirable location. The substantial square footage provides ample space for dining, kitchen operations, and potential expansion. The property's location on Okeechobee Boulevard ensures high visibility and accessibility for customers. This is an ideal investment for an experienced restaurateur or a savvy investor seeking a strong return on investment in a vibrant Florida market. The property itself has a lot size of 0 square feet, indicating the building may be part of a larger complex or development. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $10,597,506

  6.5%

  $9,782,314

  7%

  $9,083,577

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,438,769

  Geo Method

  $16,438,769

• Alternative Use

  Use

  Valuation

  Residential

  $8,251,748

  Hospitality

  $7,558,556

  Educational

  $6,288,630

  Medical

  $6,504,906

  Retail

  $9,782,314

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7075

Longitude

-80.1643

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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