1640 Cypress DrTequesta, FL 33469

Property Details for 1640 Cypress Dr

Year built

1970

Construction

CONCRETE

Lot size

0.52 AC

Property size (Sq ft)

8,134 SF

Zone code

C4

Property type

Other commercial real estate

Property subtype

Showrooms

APN

30-43-40-31-11-000-0030

APU

30434031110000030

Description

This exceptional industrial property, located at 1640 Cypress Drive Unit A1, Jupiter, Florida, presents a unique investment opportunity. Situated on a sizable 0.52-acre lot in the heart of Tequesta, this building boasts full occupancy, ensuring immediate return on investment. The property is classified as industrial and is currently listed at $3,100,000. The building's strategic location offers significant advantages, including easy access to major transportation routes and a thriving business community. A key feature of this property is the inclusion of a land lease agreement with the town of Jupiter, allowing for the rental of additional parking spaces located at the rear of the building, providing extra revenue potential. This adds considerable value and flexibility to the property's income stream. The building is currently fully occupied, minimizing vacancy risks and maximizing rental income. Detailed property documents are available upon request, providing comprehensive information for potential buyers to conduct thorough due diligence. This is a rare opportunity to acquire a fully occupied, high-demand industrial property in a prime location with additional income-generating potential. Schedule a viewing today to explore this exceptional investment opportunity. Don't miss out on this chance to own a thriving industrial asset in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,958,300

  6.5%

  $4,576,892

  7%

  $4,249,971

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,225,064

  Geo Method

  $5,225,064

• Alternative Use

  Use

  Valuation

  Residential

  $3,860,780

  Hospitality

  $3,536,453

  Educational

  $2,942,288

  Medical

  $3,043,477

  Retail

  $4,576,892

Location Insight

City

Jupiter

County

Palm Beach

State

Florida

Latitude

26.9554

Longitude

-80.088

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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