7500 S Dixie Hwy, West Palm Beach, FL 33405
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7500 S Dixie Hwy, West Palm Beach, FL 33405
7500 S Dixie Hwy, West Palm Beach, FL 33405
7500 S Dixie Hwy, West Palm Beach, FL 33405
7500 S Dixie Hwy, West Palm Beach, FL 33405
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Sylvio Martini

Sylvio Martini

+1(305) 876-4420
$ 2,200,000
Est. payment /mo
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Active

7500 S Dixie Hwy West Palm Beach, FL 33405

4,057 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 4,057 sqft

Price per Sqft $542

MLS Listing ID A11972183

HOA Y/N No

Year Built 1958

Annual Tax Amount $19,516

Tax Year 2025

Lot Size 0.280 Acres

Acres 0.28

Property Sub-Type Office

Property Description

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.

Location

State FL

County Palm Beach

Area 5440

Direction Inter State 95. Exit EAST on FOREST HILLS BLVD. Turn RIGHT onto S. DIXIE HWY (US1). Property will be on the left side.

Interior

Heating Central, Electric

Cooling Central Air

Window Features Impact Glass

Exterior

Roof Type Built-Up

Total Parking Spaces 13

Private Pool Yes

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Block

Others

Tax ID 74434410070060050

Security Features Security System,Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11972183

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Coastal Properties

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Sylvio Martini
Sylvio Martini

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+1(305) 876-4420 | martini@miamirealtysolution.com

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7500 S Dixie Hwy