408 Dr Martin Luther King Jr BlvdBelle Glade, FL 33430

  • Office properties
  • 9,625 SF
For Sale
$400,000 View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,958,995
    6.5%
    $2,731,380
    7%
    $2,536,282
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,677,482
    Geo Method
    $2,677,482
  • Alternative Use

    Use
    Valuation
    Residential
    $3,386,911
    Hospitality
    $3,102,392
    Educational
    $2,581,154
    Medical
    $2,669,924
    Retail
    $4,015,129
408 Dr Martin Luther King Jr Blvd, Belle Glade, Florida

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

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
$13,830
$27,930
$437,407
$465,337
-
$27,930
$437,407
$465,337

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