2875 Ocean BlvdPalm Beach, FL 33480

Property Details for 2875 Ocean Blvd

Year built

1982

Construction

WOOD

Lot size

2.20 AC

Property size (Sq ft)

30,505 SF

Zone code

C-TS

Property type

Office properties

Property subtype

Office buildings

APN

50-43-44-23-00-002-0190

APU

50434423000020190

Description

This exceptional 1,417 square foot special purpose property, located at 2875 S Ocean Boulevard in Palm Beach, Florida, presents a unique investment opportunity. Built in 1982, this single-unit building is ideally suited for a salon business, offering ample space for hair stylists, barbers, and nail technicians. Its prime location offers unmatched accessibility, just minutes from major highways and the beautiful beach. The property boasts abundant parking, a significant advantage for both clients and staff. The existing layout provides a solid foundation for customization, allowing for the creation of a truly unique and personalized salon environment. The property's 0 square foot lot size reflects its existing building footprint, maximizing usable space. This is a rare chance to acquire a turn-key operation in a high-demand area, perfect for established professionals or aspiring entrepreneurs seeking to establish a thriving salon business. The asking price is $165,000. The property's zip code is 33480. This is an exceptional opportunity to own a thriving business in a highly desirable location. Don't miss this chance to own your own salon in Palm Beach.

• CAP approach

  CAP return

  Valuation

  6%

  $7,839,175

  6.5%

  $7,236,162

  7%

  $6,719,293

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,485,881

  Geo Method

  $8,485,881

• Alternative Use

  Use

  Valuation

  Residential

  $8,972,840

  Hospitality

  $8,219,074

  Educational

  $6,838,172

  Medical

  $7,073,348

  Retail

  $10,637,157

Location Insight

City

Palm Beach

County

Palm Beach

State

Florida

Latitude

26.6162

Longitude

-80.0382

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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