650 Boynton Beach BlvdBoynton Beach, FL 33426

Property Details for 650 Boynton Beach Blvd

Year built

1989

Construction

CONCRETE

Lot size

0.60 AC

Property size (Sq ft)

4,364 SF

Zone code

C2

Property type

Healthcare properties

Property subtype

Medical offices

APN

08-43-45-29-01-002-0220

APU

8434529010020220

Description

This exceptional single-story office building, located at 650 W Boynton Beach Blvd in Boynton Beach, Florida, presents a compelling investment opportunity for both owner-users and investors. Boasting 4,364 square feet of net rentable space, the property is ideally suited for medical practices, currently configured as two dental offices. Built in 1989, the building sits on a 0.557-acre lot and is zoned C-2, offering flexibility for various uses. Its convenient location directly adjacent to I-95 ensures high visibility and easy accessibility for patients and clients. Ample on-site parking is available, a significant advantage for this freestanding structure. The asking price is $2,500,000. The property features two units, providing potential for multiple income streams or expansion. This is a rare opportunity to acquire a well-maintained, strategically located office building in a thriving area of Palm Beach County. The property's strong location and existing tenant configuration make it an attractive investment with significant upside potential. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,347,527

  6.5%

  $1,243,871

  7%

  $1,155,023

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,169,203

  Geo Method

  $1,169,203

• Alternative Use

  Use

  Valuation

  Residential

  $1,542,400

  Hospitality

  $1,412,830

  Educational

  $1,175,458

  Medical

  $1,215,884

  Retail

  $1,828,490

Location Insight

City

Boynton Beach

County

Palm Beach

State

Florida

Latitude

26.5284

Longitude

-80.077

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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