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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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