1550 Southern BlvdWest Palm Beach, FL 33406

Property Details for 1550 Southern Blvd

Year built

1986

Construction

CONCRETE

Lot size

0.26 AC

Property size (Sq ft)

15,774 SF

Zone code

C-1

Property type

Office properties

Property subtype

Office buildings

APN

14-43-44-05-14-003-0040

APU

14434405140030040

Description

This three-story, 15,744-square-foot Class B office building at 1550 Southern Blvd, West Palm Beach, FL 33406, offers exceptional leasing opportunities. Recently renovated in 2023, the property boasts a modernized lobby, upgraded elevator, and lush landscaping. Ample parking is available, including covered spaces, in a newly striped lot. Two available spaces range from 5,709 to 7,433 square feet, allowing for flexible leasing options, including full-floor occupancy and custom build-outs. The building is conveniently located near Palm Beach International Airport and I-95, providing easy access to Downtown West Palm Beach and the Flagler Financial District. Its highly visible location offers excellent signage opportunities, and 24/7 video surveillance ensures security. Approved for medical use, this property presents a fantastic opportunity for businesses seeking a modern, well-maintained space in a thriving area. The building was constructed in 1986 and sits at the intersection of Southern Blvd & Gem Lake Dr. This is a multi-tenant building with significant recent upgrades.

• CAP approach

  CAP return

  Valuation

  6%

  $4,053,602

  6.5%

  $3,741,787

  7%

  $3,474,516

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,388,012

  Geo Method

  $4,388,012

• Alternative Use

  Use

  Valuation

  Residential

  $4,639,816

  Hospitality

  $4,250,046

  Educational

  $3,535,989

  Medical

  $3,657,597

  Retail

  $5,500,427

Location Insight

City

Glen Ridge

County

Palm Beach

State

Florida

Latitude

26.676

Longitude

-80.0764

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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