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Galvez Building 363 S Main St 2,482 SF 50% Leased Retail Building Belle Glade, FL 33430 $265,000 ($106.77/SF) 5.43% Cap Rate
Investment Highlights
- Centrally located
- Solid construction
- Great exposure
Executive Summary
Value-add investment opportunity with strong potential. This solid concrete block building is in need of repairs, offering investors the chance to renovate, reposition, and maximize value through improved use or redevelopment. Durable concrete block construction, a flat roof design, and rear parking the property is currently divided into 3 units or suites and might be possible to subdivide into 4 units. Two suites downstairs which could be used as offices, retail spaces or residential- studio units. The second floor has a more spacious residential unit that has 3 bedrooms 1 full bath and 2 half baths. The electrical service is separate for all 3 and possible 4 units. Only one water meter to service all 3 units or 4 units.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Condition
Deferred Maintenance
Property Type
Building Size
2,482 SF
Year Built
1950
Price
$265,000
Price Per SF
$106.77
Cap Rate
5.43%
NOI
$14,400
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.95
Lot Size
0.06 AC
Zoning
B-2 - B-2, Restricted Business Districts apply to areas located conveniently to automotive traffic. B-2 serve general commercial needs of the urban area.
Frontage
25’ on Main
Amenities
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-37-43-32-00-000-7100 | Total Assessment | $118,835 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
04-37-43-32-00-000-7100
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$118,835
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Videos
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Photos
Street View
Street
Map
Contact the Sale Advisor
Galvez Building | 363 S Main St