705 Park AveLake Park, FL 33403

  • Office buildings
  • 2,016 SF
For Lease
$33.33/SF/YR View listing

Property Details for 705 Park Ave

Year built
1981
Construction
WOOD
Lot size
0.22 AC
Property size (Sq ft)
2,016 SF
Zone code
PADD
Property type
Office buildings
APN
36-43-42-20-01-011-0420
APU
36434220010110420

Description

This exceptional 2,016 square foot special purpose property, located at 705 Park Avenue #A, presents a rare leasing opportunity in the heart of Lake Park. Currently configured as a single-tenant space, it features a welcoming reception area and a large, adaptable back room. This versatile space is ideal for a variety of professional uses, easily accommodating a training facility or multiple individual offices. The property's zoning is PADD(c), and its APN is 36434220010110420. Ample private parking is available on-site, ensuring convenient access for clients and staff. The interior boasts brand new tile flooring and fresh paint, creating a modern and inviting atmosphere. While photos are forthcoming, this property offers a unique chance to establish a prominent presence in a desirable Lake Park location. The property is available for occupancy on August 1st, 2025. The lot size is not currently available. This is a single-tenant building with no additional suites.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $712,071
    6.5%
    $657,296
    7%
    $610,346
  • Comparable approach

    Method
    Valuation
    Relative Method
    $560,811
    Geo Method
    $560,811
  • Alternative Use

    Use
    Valuation
    Residential
    $815,047
    Hospitality
    $746,579
    Educational
    $621,145
    Medical
    $642,507
    Retail
    $966,225

Location Insight

City
Lake Park
County
Palm Beach
State
Florida
Latitude
26.7989
Longitude
-80.067
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,000
$150,000
$278,019
$428,019
-
$150,000
$278,019
$428,019

FAQs

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