3109 2 AvePalm Springs, FL 33461

Property Details for 3109 2 Ave

Year built

1951

Construction

CONCRETE

Lot size

0.34 AC

Property size (Sq ft)

2,250 SF

Zone code

RM

Property type

Retail properties

Property subtype

Retail space

APN

70-43-44-19-08-000-0070

APU

70434419080000070

Description

This exceptional Palm Springs, Florida industrial property, located at 3109 2nd Avenue N, is offered at $1,500,000. This 2,250 square foot warehouse, built in 1951, sits on a corner lot in the 33461 zip code. The property is zoned for both commercial and residential use and features a main warehouse space, complemented by an office, a showroom, and additional storage areas. There are also two bathrooms included within the building. The warehouse offers ample space for equipment storage and boasts a paved lot, ensuring convenient parking. The property's location provides easy access to major transportation routes. The building is situated on a fenced lot, offering security and privacy. While the lot size is not specified, the listing mentions three lots (7,8,9) are included in the sale. This versatile property presents a unique opportunity for a variety of businesses seeking a well-maintained warehouse with additional space and convenient features in a desirable Palm Beach County location. The property's combination of warehouse space, office area, and showroom makes it ideal for a range of commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $915,125

  6.5%

  $844,730

  7%

  $784,393

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,554,530

  Geo Method

  $1,554,530

• Alternative Use

  Use

  Valuation

  Residential

  $712,562

  Hospitality

  $652,703

  Educational

  $543,041

  Medical

  $561,717

  Retail

  $844,730

Location Insight

City

Palm Springs

County

Palm Beach

State

Florida

Latitude

26.6197

Longitude

-80.0909

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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