225 5Th StBelle Glade, FL 33430

  • Retail properties
  • 6,030 SF
For Sale
$55,000 View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,725,073
    6.5%
    $2,515,452
    7%
    $2,335,777
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,227,112
    Geo Method
    $4,227,112
  • Alternative Use

    Use
    Valuation
    Residential
    $2,121,878
    Hospitality
    $1,943,629
    Educational
    $1,617,076
    Medical
    $1,672,690
    Retail
    $2,515,452
225 5Th St, Belle Glade, Florida

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

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
$8,486
$12,728
$267,280
$280,008
-
$12,728
$267,280
$280,008

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