1750 Osceola DrWest Palm Beach, FL 33409

Property Details for 1750 Osceola Dr

Year built

1983

Construction

STEEL FRAME

Lot size

1.00 AC

Property size (Sq ft)

9,600 SF

Zone code

CG

Property type

Other commercial real estate

Property subtype

Showrooms

APN

00-43-43-30-03-035-0010

APU

434330030350010

Description

This exceptional mixed-use property, located at 1750 Osceola Drive in West Palm Beach, Florida, presents a compelling investment opportunity. The 9,600 square foot building, constructed in 1983, boasts four units and offers significant potential for a variety of uses, including industrial, retail, or office space. Its strategic location between I-95 and the Turnpike provides unparalleled access and visibility. The property generates a gross annual rent of $210,000, resulting in a strong net operating income (NOI) of $180,000. The asking price is $2,290,000. Situated in the heart of West Palm Beach (zip code 33409), this property benefits from the city's vibrant economy and growing population. The lot size is not specified. This is a rare chance to acquire a well-performing mixed-use asset in a highly desirable location with excellent transportation links. The property's strong cash flow and prime location make it an ideal investment for both seasoned and emerging investors seeking a stable and potentially appreciating asset in the thriving West Palm Beach market. Further due diligence is recommended to fully assess the investment potential.

• CAP approach

  CAP return

  Valuation

  6%

  $3,272,175

  6.5%

  $3,020,470

  7%

  $2,804,722

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,729,730

  Geo Method

  $6,729,730

• Alternative Use

  Use

  Valuation

  Residential

  $2,547,879

  Hospitality

  $2,333,844

  Educational

  $1,941,730

  Medical

  $2,008,510

  Retail

  $3,020,470

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7025

Longitude

-80.0925

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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