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Vreeland Real Estate
7500 S Dixie Hwy, West Palm Beach, FL 33405
- $1,378,000
- Sold Price
- $1,378,000
- List Price
- $2,200,000
- Closing Date
- Jun 10, 2026
- MLS#
- A11972183
- Status
- CLOSED
- Type
- Commercial
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.
Additional Information
- Days on Market
- 52
- Tax Amount
- $19,516
- Water Access
- Building & Land
- Parcel Number
- 74434410070060050
- Lot Size
- 12,014
- Directions
- Inter State 95. Exit EAST on FOREST HILLS BLVD. Turn RIGHT onto S. DIXIE HWY (US1). Property will be on the left side.
- Address
- 7500 S Dixie Hwy, West Palm Beach
- Year Built
- 1958
- Section
- 10
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Listing Courtesy of Coastal Properties, Contact:
Selling Office: Coastal Properties.