120 Olive AveWest Palm Beach, FL 33401

Property Details for 120 Olive Ave

Year built

1925

Construction

CONCRETE BLOCKS

Lot size

3.00 AC

Property type

Office properties

Property subtype

Office buildings

APN

74-43-43-22-40-000-1030

APU

74434322400001030

Description

This beautifully renovated 649-square-foot office space is ideally situated in the heart of West Palm Beach's thriving downtown area. Located in a historic building, this single-tenant property offers unparalleled convenience with its walkable location to a variety of amenities. The property is zoned CWD-CD, and its APN is 74434322400003030. While the lot size is not specified, the building itself comprises a single suite. Parking is readily accessible in several nearby garages within a short distance. This presents a fantastic opportunity for a business seeking a prestigious and centrally located office space in a vibrant urban setting. The address is 120 S Olive Avenue, West Palm Beach, Florida, 33401 (latitude 26.712456800000002, longitude -80.0516836). The property's prime location and recent renovations make it an attractive option for businesses looking to establish or expand their presence in downtown West Palm Beach. This is a single-tenant office space, offering a unique opportunity for a business seeking a dedicated and well-maintained workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $30,301,010

  6.5%

  $27,970,164

  7%

  $25,972,294

• Comparable approach

  Method

  Valuation

  Relative Method

  $36,352,564

  Geo Method

  $36,352,564

• Alternative Use

  Use

  Valuation

  Residential

  $34,683,004

  Hospitality

  $31,769,444

  Educational

  $26,431,804

  Medical

  $27,340,836

  Retail

  $41,116,140

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7125

Longitude

-80.0517

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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