408 Dr Martin Luther King Jr BlvdBelle Glade, FL 33430

Property Details for 408 Dr Martin Luther King Jr Blvd

Year built

1988

Construction

CONCRETE

Lot size

0.46 AC

Property size (Sq ft)

9,625 SF

Zone code

R-1

Property type

Office buildings

APN

04-37-43-41-08-001-0011

APU

4374341080010011

Description

This exceptional mixed-use property, located at 408 Dr Martin Luther King Jr Boulevard E in Belle Glade, Florida, presents a unique investment opportunity. The 11,999 square foot building, constructed in 1988, offers a blank canvas for a variety of commercial ventures. Currently a shell, its adaptability is a key advantage. The property sits on a lot with no specified square footage. The building features a climate-controlled mezzanine level, previously utilized for storage and equipped with existing rack systems, providing immediate functional space. This ready-to-customize space is perfect for entrepreneurs seeking a flexible layout to suit their specific business needs. The asking price for this prime Belle Glade, Florida property is $400,000. Situated in Palm Beach County, with the address 408 Dr Martin Luther King Jr Boulevard E, zip code 33430, this location offers excellent accessibility and visibility. The property's versatility makes it an ideal investment for those seeking high return potential in a dynamic market. This single-unit building presents a rare opportunity to acquire a substantial commercial space in a growing area. The existing infrastructure, including the climate-controlled mezzanine and storage racks, significantly reduces initial setup costs. Don't miss this chance to capitalize on the potential of this adaptable and well-located property.

• CAP approach

  CAP return

  Valuation

  6%

  $3,353,530

  6.5%

  $3,095,560

  7%

  $2,874,450

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,677,480

  Geo Method

  $2,677,480

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,909,190

  Retail / Commercial

  $3,066,470

  Mixed-Use / Specialty

  $3,084,120

  Hospitality / Lodging

  $2,299,930

  Institutional / Educational

  $3,216,450

  Residential Income

  $3,763,250

  Multifamily

  $4,355,000

  Automotive / Energy

  $2,756,960

  Parking / Income-Based Land

  $923,158

  Restaurant / Food Service

  $1,665,070

  Healthcare / Senior Housing

  $3,133,400

Location Insight

City

Belle Glade

County

Palm Beach

State

Florida

Latitude

26.6816

Longitude

-80.6639

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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