- MLS® #: A11972183
- 7500 S Dixie Hwy
- West Palm Beach, FL 33405-4814
- $2,200,000
- 0.28 Acres
- Business
Great opportunity on this one-story office with established cash flow with a lease in place and a good cap rate with more upside in renting additional vacant office space for either a longer-term investment or a possibly redevelopment play ahead of the trend in south section of West Palm Beach. Medical office zoning in place along with four stories and possibly more height and density with the right mixed-use plan. 13 parking spaces. Additional public street parking along the back street on Brevard Avenue. Recent renovations in 2020 flooring, some impact windows, ceiling and security system. Two office units – a 3177 square foot office currently leased at $35.49 per square foot (gross lease) and a second unit at 880 square feet which was a former dental office and is vacant for additional rental income. Assuming the second office space is leased based on the same amount as the occupied office, the projected cap rate is in the 7% range.
View Virtual TourEssential Information
- MLS® #A11972183
- Price$2,200,000
- CAD Dollar$3,008,251
- UK Pound£1,636,287
- Euro€1,865,521
- Bathrooms0.00
- Acres0.28
- Year Built1958
- TypeBusiness
- Sub-TypeOffice
- StatusActive
Community Information
- Address7500 S Dixie Hwy
- Area5440
- CityWest Palm Beach
- CountyPalm Beach
- StateFL
- Zip Code33405-4814
Amenities
- Parking Spaces13
Interior
- HeatingCentral, Electric
- CoolingCentral Air
- # of Stories1
- StoriesOne
Exterior
- WindowsImpact Glass
- RoofBuilt-Up
- ConstructionBlock
- Office: Coastal Properties
7500 S Dixie Hwy on www.jupiteroceanfronthomes.us
Offered at the current list price of $2,200,000, this home for sale at 7500 S Dixie Hwy features bedrooms and 0 bathrooms. This real estate listing is located in of West Palm Beach, FL 33405-4814 . 7500 S Dixie Hwy is listed under the MLS ID of A11972183 and has been on the West Palm Beach real estate market for 9 days.Facts About West Palm Beach, FL
Looking for great shopping and entertainment in West Palm Beach Florida? Look no further than Clematis Street. It is home to some of West Palm Beach's most vibrant and entertaining shops, restaurants and nightclubs.
West Palm Beach is home to over one million people and is the 3rd most populated city in the state of Florida.
One of West Palm Beach's favorite venues for a cold drink and some nice South Florida relaxation is E.R. Bradley's Saloon. This open air restaurant is a frequent stop for both locals and tourists.
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