Interior
- Bathrooms
- 0
- Flooring
- Other
- Cooling
- Other
- Heating
- Other
Active · MixedUse
$6,950,000
428 Avon Road, West Palm Beach, FL 33401
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1972
- Lot size
- —
- HOA fee
- —
- Annual tax
- $9,187
About this property
Prime location. This sale includes a total of 5 parcels equalling .79 acreage at 428 Avon Rd & 429 Belvedere Rd. Renderings showcase approved plans for a luxury car club with private garages, a social lounge, offices, and entertainment spaces. Approved plans encompass 3 of the 5 parcels, while the 2 Belvedere parcels provide long-term optionality for added development or future repositioning. The 5-parcels contain the following legal addresses: (1) SUNSHINE PARK ADD NO 1 LTS 174 175 (LESS S 15 FT BELVEDERE RD R/W), (2) SUNSHINE PARK ADD NO 1 LTS 176 THRU 179 (LESS S 15 FT BELVEDERE RDR/W), (3) SUNSHINE PARK ADD 1 LTS 148 TO 151 INC, (4) SUNSHINE PARK ADD 1 LTS 152 153, (5) SUNSHINE PARK ADD 1 LTS 154 155
Property location
Get Directions428 Avon Road, West Palm Beach, FL 33401
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Facts & features
Exterior & Structure
- Property type
- MixedUse
- Year built
- 1972
- Roof
- Other
Parking
- Covered spaces
- 0
HOA, Community & Financials
- Annual tax
- $9,187
- County
- Palm Beach
- Days on market
- 460
- MLS listing ID
- R11108439
- Listing status
- Active
Virtual tour
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Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$3,364
- Cap rate
- 5.1%
- Net yield
- 5.1%
- Cash-on-cash return
- -2.1%
- Gross yield
- 6.6%
- Mortgage payment
- $32,947/mo
- Down payment
- $1,737,500
- Loan amount
- $5,212,500
- Annual NOI
- $354,993
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.