16891 Jupiter Farms RdJupiter, FL 33458

Property Details for 16891 Jupiter Farms Rd

Year built

1978

Construction

WOOD

Lot size

1.81 AC

Property size (Sq ft)

2,540 SF

Zone code

CG

Property type

Retail properties

Property subtype

Turn key restaurants

APN

00-41-41-12-00-000-1070

APU

414112000001070

Description

This exceptional investment opportunity presents a 4,280 square foot, freestanding restaurant and retail/office building situated on a 1.828-acre lot in the thriving Jupiter Farms, Florida community. Built in 1978, the property boasts a full-service, turn-key operation, including all kitchen equipment (hood, line, griddle, range, fryers, prep line, walk-in cooler), kitchenware, OS&E, silverware, plates, and tables/chairs. Currently configured as a restaurant occupying approximately 2,800 square feet, the space offers significant expansion potential. Approved plans exist to increase the total square footage to 7,270, incorporating a permanent outdoor dining area. The property benefits from unparalleled outdoor seating and entertainment opportunities, making it a unique retail site in Northern Palm Beach County. Its location in the heart of Jupiter Farms provides easy access to major roadways, including I-95, Florida's Turnpike, and Indiantown Road, ensuring high visibility and convenient access for customers. The area is characterized by a growing affluent population with average household incomes exceeding $150,000 within a 3-mile radius. Proximity to beaches, shopping, and historical landmarks further enhances its appeal. The asking price is $2,900,000. This is a truly unique property and investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,318,814

  6.5%

  $1,217,367

  7%

  $1,130,412

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,631,628

  Geo Method

  $1,631,628

• Alternative Use

  Use

  Valuation

  Residential

  $1,026,894

  Hospitality

  $940,630

  Educational

  $782,593

  Medical

  $809,508

  Retail

  $1,217,367

Location Insight

City

Jupiter

County

Palm Beach

State

Florida

Latitude

26.9241

Longitude

-80.1922

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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