Office in 7500 S Dixie Highway, West Palm Beach, FL 33405 with MLS# A11972183
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.
7500 S Dixie Highway, West Palm Beach, FL 33405
- Price:
- $2,200,000.00
- Original List Price:
- $2,200,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $339.65
- Close Price:
- $1,378,000.00
- Transaction closed on:
- June 10, 2026
- Gross Scheduled Income:
- 144000
- Tenant Pays:
- Exterior Electric, Electricity, Water, Telephone, Sewer, Janitorial Service, Maintenance, Interior Electric
- Listing Type:
- Sold
- Status:
- Closed
- Business Type:
- Medical
- Listing Category:
- Commercial Sale
- Property Type:
- Office
- Description of Last Important Update:
- Status Change
- Last Major Update on:
- June 10, 2026 4:00 am
- Other Special Conditions:
- Presently Leased
- Built-Up Area:
- 4,057 Sqft
- Lot Size Acres:
- 0.28
- Security:
- Smoke Detector(s), Security System
- Air Conditioning
- Air Conditioning System:
- Central Building
- Heating
- Heating System:
- Electric
- Year Built:
- 1958
- Roof:
- Built-up
- Number of Buildings:
- 1
- Construction Materials:
- CBS
- Number of stories:
- 1
- Road Frontage Type:
- City Street, Highway
- Flood Zone Code:
- X
- Property Condition:
- Resale
- Tax Annual Amount:
- $19,516.00
- Tax Year:
- 2025
- Parking Total Spaces:
- 13
- Sewer:
- Public Sewer
- Water Source:
- Public
- Senior Community:
- No
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Negotiable, Subject To Tenant Rights
- Tax Legal Description:
- HOMEWOOD FIRST ADD LT 5 & N 10 FT OF LT 6 BLK 6
- Real Estate Folio Number (Parcel Number):
- 74434410070060050
- Zoning:
- NC (city
- Active on the market since:
- February 17, 2026
- Listing Agreement executed on:
- February 17, 2026
- Purchase Contract Date:
- April 10, 2026
- Listing Status Last Changed On:
- June 10, 2026 4:00 am
- Photos updated on:
- June 16, 2026 6:28 pm
- Last Modified:
- June 16, 2026 6:28 pm
- Courtesy of:
- Coastal Properties
- Attribution:
- Not provided
- Street Name:
- Dixie
- Street Number:
- 7500
- City:
- West Palm Beach
- State:
- Florida
- Zip Code:
- 33405
- County:
- Palm Beach
- Latitude:
- N26° 38' 59.3''
- Longitude:
- W81° 56' 39.3''
- Street Suffix:
- Highway
- Street Direction Prefix:
- S
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Ver la propiedad 7500 S Dixie Highway, West Palm Beach, FL 33405
