408 Dr Martin Luther King Jr BlvdBelle Glade, FL 33430
- Office properties
- 9,625 SF
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
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
Comparable in this City
Similar Nearby for Sale
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