12010 Us Highway 1, North Palm Beach, FL 33408 — MLS photo

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12010 Us Highway 1, North Palm Beach, FL 33408

Active · SingleFamilyResidence

$3,490,000

12010 Us Highway 1, North Palm Beach, FL 33408

Beds
4
Baths
2
Living area
5,991 sq ft
$ / sq ft
$583/sq ft
Year built
2002
Lot size
17,224 sq ft
HOA fee
—
Annual tax
$23,456

About this property

This is a unique opportunity. This property consists of a commercial building that could be converted into a Single family residence, or possibly multi-family. The property is in perfect condition, with lots of opportunity. High ceilings on first and second floor. Great view of canal to the east. Seawall with room for a dock and access to the Intracoastal waterway via Little Lake Worth. This is a great blank canvas that could be a spectacular residence. The building currently is laid out at a professional office with open spaces, Interior elevator, Kitchen, Bathrooms, 2nd floor covered lanai, Impact windows, multi zone a/c, Tons of space.

Property location

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12010 Us Highway 1, North Palm Beach, FL 33408

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Facts & features

Interior

Bedrooms
4
Bathrooms
2
Living area
5,991 sq ft
Flooring
Carpet, Ceramic Tile
Appliances
Dishwasher, Disposal, Microwave, Refrigerator
Cooling
Zoned
Heating
Central, Zoned
Interior features
Kitchen Dining Combo, Loft, Workshop
Furnished
Unfurnished

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2002
Stories
2
Lot size
17,224 sq ft
Roof
Barrel, Concrete, Tile
Construction
CBSConcrete Block Structure, Block, Stucco
Exterior features
Balcony, Room For Pool
Pool
None
Waterfront
Fixed Bridge, Intracoastal Access, Navigable Water
View
Canal, Intercoastal

Parking

Covered spaces
0
Parking features
Open, Two Or More Spaces

HOA, Community & Financials

Association fee
$0
Amenities
Boat Dock
Security
Fire Sprinkler System
Pets allowed
No
Annual tax
$23,456
Subdivision
n/a
County
Palm Beach
Days on market
335
MLS listing ID
R11139851
Listing status
Active

Investment intelligence

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

-$2,192

Cap rate
4.9%
Net yield
4.9%
Cash-on-cash return
-2.7%
Gross yield
7.0%
Mortgage payment
$16,544/mo
Down payment
$872,500
Loan amount
$2,617,500
Annual NOI
$172,229

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.