225 5Th StBelle Glade, FL 33430

Property Details for 225 5Th St

Year built

1959

Construction

CONCRETE

Lot size

0.45 AC

Property size (Sq ft)

6,030 SF

Zone code

B-2

Property type

Retail space

APN

04-37-43-31-15-009-0020

APU

4374331150090020

Description

This exceptional Belle Glade investment opportunity presents two adjacent properties totaling 2,640 square feet (each property is 1,320 square feet), ideally situated across from Hand Park at 225 NW 5th Street, Belle Glade, FL 33430. Both properties are zoned B-2 Restricted Business, offering a wide array of potential uses. The zoning allows for uses such as daycare centers, multi-family dwellings, delis, coffee shops, beauty salons, and various retail establishments (refer to provided B-2 zoning documents for a complete list). Built in 1945, these properties are being sold together for $55,000 and are designated as tear-downs, requiring demolition by the buyer. The sale is AS IS. This presents a unique chance to acquire a substantial lot in a desirable location, perfect for redevelopment into a profitable venture. The properties are located in Palm Beach County and offer significant potential for investors seeking a prime location for a new development. The combined lot size is not specified. This is a rare opportunity to acquire a significant parcel of land in a growing area. Act quickly, as this property is expected to generate considerable interest.

• CAP approach

  CAP return

  Valuation

  6%

  $2,081,220

  6.5%

  $1,921,120

  7%

  $1,783,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,744,520

  Geo Method

  $1,744,520

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,702,070

  Mixed-Use / Specialty

  $1,932,180

  Hospitality / Lodging

  $1,440,890

  Office

  $1,939,350

  Institutional / Educational

  $2,015,090

  Residential Income

  $2,357,650

  Multifamily

  $2,728,380

  Automotive / Energy

  $1,727,220

  Parking / Income-Based Land

  $578,352

  Restaurant / Food Service

  $1,043,150

  Healthcare / Senior Housing

  $1,963,050

Location Insight

City

Belle Glade

County

Palm Beach

State

Florida

Latitude

26.6849

Longitude

-80.6724

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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