Property Details
| Sold Price | $1,378,000 |
|---|---|
| Last Asking Price | $2,200,000 |
| Price per SqFt | — |
| Maintenance fee | Inquire |
| Property Taxes | $19,516 2025 |
| Interior Space | — |
| Beds/Baths | —/— |
| Year Built | 1958 |
| Closed Date | 6/10/2026 |
| MLS # | A11972183 |
Estimated Costs
An estimate of condo or HOA fees and property taxes
Monthly carry is not computed when the association fee or the taxes are not provided.
From the listing
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.
Listed by Coastal Properties
Sales History for This Home · 7500 S Dixie Highway, West Palm Beach, FL 33405
Sales history is unavailable for this property
Listed by Coastal Properties. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in West Palm Beach and throughout South Florida.
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Location
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