unique car wash for sale - loopnet · 2017-09-20 · 1122 palm beach lakes blvd • west palm...

1122 Palm Beach Lakes Blvd • West Palm Beach, Florida 33401

• Land, Building, Equipment & Business• 31,000 Daily Traffic Count• Four Types of Wash

• Perfect for Cars, Buses, Boats, Trucks• All Permits in Place• Corner Location

Unique Car Wash For Sale

Presented By: Edward A. Kearney, CCIM3017 Exchange Court, Suite DWest Palm Beach, FL 33409(561) [email protected]

Contents: Executive SummaryLocation MapsPlat Map Aerials Photographs Permitted Uses Demographics About Kearney Commercial Realty

http://www.kearneyreal.com

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Kearney Commercial Realty, Inc.3017 Exchange Court, Suite DWest Palm Beach, FL 33409T 561-616-6262 F 561-691-0114 C [email protected] www.kearneyreal.com Back to Index

1122 Palm Beach Lakes Blvd., West Palm Beach, Florida 33401

Listing Name Unique Car Wash For Sale

Property Type Commercial

Listing Price $550,000 for Real Estate $50,000 for Equipment

Cap Rate

Building Sq. Ft. 2,891 SF

Unique Car Wash For Sale

Property Description

Property Details

Executive Summary

Property OverviewThis is a special opportunity for an investor or owner user. This 2,891 SF car wash on .463 acres is the only car wash in S. Florida that offers four different types of car washes:• Micro Fiber Soft Touch• Touchless Tunnel• Hand Wash• Self-ServeAdditional services include vacuuming, detailing, floor mat shampooing.The property has an average daily traffic count of 31,000 cars. Plus it is close to Downtown West Palm Beach.The large bays can accommodate cars, boats, buses, ambulances and numerous types of trucks and commercial vehicles.The real estate is for sale at $550,000 and the equipment is for sale at $50,000.

Listing Name Unique Car Wash For Sale

Cross Street Carver Ave.

Tax ID Number/APN 74-43-43-16-04-045-0080

Zoning Type NC - Neighborhood Commercial ( 74-WEST PALM BEACH )

Use 2700 - AUTO SALES

Property Type Commercial

Total Number of Buildings 1

Building Size (RSF) 2,891 SF

Number of Stories 1

Year Built 2007

Market West Palm Beach

Sub Market Palm Beach County

Acres .463

County Palm Beach

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Location Map

1122 Palm Beach Lakes Blvd

LocationThis highly visible property is well located on a corner of Palm Beach Lakes Boulevard, a main commuter arterial into and out of West Palm Beach. It has a 2016 traffic count of more than 31,000 cars per day. There is easy access to the site from both east bound and westbound traffic. The location is also accessible to numerous area boaters and businesses.Good Samaritan Hospital as well as many retail and office properties are located within a mile or so of the property. The area has very good residential density.







Plat Map








Aerials

View looking south Boundaries are approximate

View looking north Boundaries are approximate








Aerials Continued

View looking east Boundaries are approximate

View looking west Boundaries are approximate








Photographs

View of self serve bays

View of full-service

View of vacumn stations

View of vacumn stations






Photographs continued

Bays can accomodate trucks and boats.






Photographs continued

Entrance to car wash

Vacumn station

Vacumn station






Permitted UsesPERMITTED USE TABLE

1 ADULT ENTERTAINMENT2 AIRPORTS, LANDING FIELDS, HELIPADS AND HELISTOPS; PRIVATE OR PUBLIC3 APPAREL & ACCESSORY RETAIL SALES RENTAL STORES P4 ART MERCHANDISING STUDIOS P5 ART & DRAFTING SUPPLY STORES, INCLUDING PICTURE FRAMES4 P6 BAIT AND TACKLE SHOPS4 P7 BARBER & BEAUTY SHOPS4 P8 BARS AND LOUNGES AND RELATED ENTERTAINMENT P9 BATHROOM AND KITCHEN CONTRACTOR SHOWROOMS P

10 BED AND BREAKFAST ESTABLISHMENTS1

10.1 BED AND BREAKFAST INNS3 PXR11 BOOK & STATIONARY STORES P12 BOTANICAL GARDENS AND ACCESSORY OFFICES13 BUSINESS AND COMMERCIAL MACHINE SALES4 P14 CANDY, NUT AND CONFECTIONARY STORES P15 CATERING ESTABLISHMENTS P16 CEMETERIES, PUBLIC/PRIVATE17 CHURCHES, SYNAGOGUES & OTHER HOUSES OF WORSHIP P18 CLINICS-PUBLIC & PRIVATE PXR19 CLUBS AND LODGES WITHOUT A RESTAURANT P20 COIN & PHILATELIC STORES4 P

21 COLUMBARIUMS AS ACCESS, USE IN REL. INST., OTHER THAN CEMETERIES, PUBLIC OR PRIVATE PXR

22 COMMERCIAL, COMPARISON SHOPPING EXCEPT AS OTHERWISE LISTED P

23 COMMERCIAL, CONVENIENCE SALES & PERSONAL SERVICES, EXCEPT AS OTHERWISE LISTED P

24 COMMERCIAL, SINGLE DESTINATION USES, EXCEPT AS OTHERWISE LISTED P25 COMMUNITY CENTERS P

25.1 COMMUNITY GARDENS PXR

26 CONVENIENCE STORES, FOOD, SPECIALTY FOOD AND BEV. SALES (INCLUDING SALE OF ALCOHOLIC BEV.) Sb

27 CONVENTS, MONASTERIES AND SEMINARIES P28 CULTURAL FACILITIES, PUBLIC AND PRIVATE P29 DAY CARE HOMES, FAMILY ACCESSORY, CHILDREN

29.1 DAY CARE HOMES, ACCESSORY, CHILDREN30 DAY CARE FACILITIES, ADULT PXR

31 DAY CARE FACILITIES, CHILDREN AS ACCESSORY USE IN HOUSES OF WORSHIP, SCHOOLS, BOTH PUBLIC AND PRIVATE P

32 DAY CARE FACILITIES, CHILDREN AS PRINCIPAL USE PXR33 DELICATESSENS P34 DEPARTMENT STORES, MAJOR P35 DRIVE THRU FACILITIES, EXCEPT RESTAURANTS, AS PRINCIPAL USES PXR

36 DRIVE THRU FACILITIES, EXCEPT RESTAURANTS, FOR USES PERMITTED AS SPECIAL USES Sb

USES GC






Permitted Uses continuedPERMITTED USE TABLE

USES GC

37 EXERCISE STUDIOS AND HEALTH CLUBS P38 FACIAL AND SCALP TREATMENT SERVICES4 P

39 FINANCIAL INSTITUTIONS, BANKS, SAVINGS & LOANS & CREDIT UNIONS < 3,000 SQ. FT. P

39.1 FINANCIAL INSTITUTIONS, BANKS, SAVINGS & LOANS & CREDIT UNIONS > 3,000 SQ. FT. P

40 FLEA MARKET Sa41 FLOWER SHOPS AND FLORISTS P

42 FOOD AND BEVERAGE RELATED USES, EXCEPT AS OTHERWISE LISTED (EXCLUDING SALES OF ALCOHOLIC BEVERAGES) P

43 FOOD STORES OR SUPERMARKET OVER 10,000 SQ. FT.4 P44 FOOD STORES: SPECIALTY (EXCLUDING SALES OF ALCOHOLIC BEVERAGES) P45 FUNERAL HOMES, MORTUARIES AND CREMATORIES P46 FURNITURE REFINISHING AND REPAIR P47 GAME ARCADES P48 GIFT, NOVELTY, SOUVENIR AND SUNDRY SHOPS4 P49 GOVERNMENT FACILITIES NOT OTHERWISE LISTED

49.1 GOVERNMENT OPERATED SOCIAL SERVICES FACILITIES

50 GREENHOUSES, COMMERCIAL RETAIL FOR THE SALES OF PLANT MATERIALS GROWN OFF THE SITE P

51 GROUP HOMES TYPE I (6 OR FEWER PERSONS)51.1 GROUP HOMES TYPE II (7 TO 14 PERSONS) Sb

52 GROUP HOMES TYPE III (15 OR MORE PERSONS) Sb53 GROUP HOMES TYPE V Sb54 GUN CLUBS AND SHOOTING RANGES55 HARDWARE, PAINT, GLASS AND WALL-PAPER STORES4 P

56 HELIPADS, HELISTOPS, W/OUT PERMANENT MOORING AND SERVICE FACILITIES Sb

56.1 HOME IMPROVEMENT SHOWROOMS4

57 HOME OCCUPATIONS, ACCESSORY TO RES. USES58 HOSPITALS - PUBLIC & PRIVATE Sa59 HOTELS AND MOTELS PXR60 HOTELS AND MOTELS, LIMITED SERVICE PXR61 INDUSTRIAL USES HAVING MODERATE EXTERNAL IMPACTS62 INDUSTRIAL USES HAVING SIGNIFICANT EXTERNAL IMPACTS63 INDUSTRIAL USES HAVING VERY SIGNIFICANT EXTERNAL IMPACTS64 INDUSTRIAL - TYPE USES HAVING, MODERATE EXTERNAL IMPACTS P65 INDUSTRIAL - TYPE USES HAVING SIGNIFICANT EXTERNAL IMPACTS PXR66 INDUSTRIAL - TYPE USES HAVING VERY SIGNIFICANT EXTERNAL IMPACTS67 INTERIOR DECORATORS P68 JUNK, SCRAP AND SALVAGE YARDS69 LAKES, PONDS, MAN-MADE, ACCESSORY PXR70 LAUNDRY AND DRY CLEANING ESTABLISHMENTS, CLEANING ON PREMISES PXR

71 LAUNDRY AND DRY CLEANING ESTABLISHMENTS, PRIMARILY SERVING THE PUBLIC, COIN OPERATED PXR







USES GC

72 LAUNDRY AND DRY CLEANING ESTABLISHMENTS, SERVING PRIMARILY THE PUBLIC, NO CLEANING ON PREMISES4

Sb

73 LIQUOR & PARTY STORES P74 LOCKSMITH AND KEY ESTABLISHMENTS4 P75 MAILING SERVICES4 P

75.1 MARINA, COMMERCIAL76 MARINE, INDUSTRIAL ESTABLISHMENTS77 MARINE, RETAIL SALES AND SERVICES P78 MARTIAL ARTS STUDIO P79 MINING AND EXTRACTIVE USES80 MOBILE HOME SALES, RENTAL & SERVICE81 MONUMENT SALES ESTABLISHMENTS82 MOTION PICTURE STUDIOS83 MOTOR VEHICLE FUEL SALES AND SERVICE Sb

83.1 MOTOR VEHICLE FUEL SALES (NO SERVICE) AND ACCESSORY CONVENIENCE STORE Sb

84 MOTOR VEHICLE PARTS & ACCESSORY STORES P85 MOTOR VEHICLE REPAIR, HEAVY (INCL. BODY REPAIRS AND PAINTING) Sb86 MOTOR VEHICLE REPAIR, LIGHT (EXCLUDING BODY REPAIRS & PAINTING) PXR87 MOTOR VEHICLE SALES & RENTAL (NO SERVICE) P88 MOTOR VEHICLE SALES AND SERVICE AGENCIES P89 MOTOR VEHICLE TITLE AND TAG SERVICE4 P90 MOTORCYCLE SALES & SERVICE ESTABLISHMENTS P91 MUSIC AND DANCE STUDIOS P92 NEWSPAPER DISTRIBUTING AGENCIES93 NEWSPAPER & MAGAZINE SHOPS P

94 NONCONFORMITIES, CHANGE FROM ONE MINOR NONCONFORMING USE TO ANOTHER MINOR NONCONFORMING USE Sb

95 NONCONFORMITIES, CHANGE FROM A MAJOR NONCONFORMING USE TO A MINOR NONCONFORMING USE Sb

96 NONCONFORMITIES, ALTERATIONS THAT REDUCE THE IMPACT OF A MINOR NONCONFORMING USE Sb

97 NONCONFORMITIES, ALTERATIONS THAT REDUCE THE IMPACT OF A MAJOR NONCONFORMING USE Sb

98 NURSERIES, RETAIL FOR THE SALES OF PLANT MATERIALS GROWN OFF THE SITE P

99 OFFICE & RELATED USE, INCLUDING BUSINESS SERVICES EXCEPT AS OTHERWISE LISTED P

100 OFFICE SUPPORT RETAIL NOT OCCUPYING MORE THAN 20% OF THE GROSS SQUARE FEET4

P

101 OFFICES-GOVERNMENT ADMINISTRATIVE4 P102 OFFICES, PROFESSIONAL (MEDICAL)4 P

102.1 OFFICES, PROFESSIONAL (NON-MEDICAL)4 P102.2. OFFICES, REAL ESTATE P







USES GC

103 OFFICES OR FACILITIES, QUASI-PUBLIC ASSOC. AND ORGANIZATIONS, NOT-FOR-PROFIT P

104 RESERVED105 OFFICES, FOR THE HIRING OF TEMPORARY NONMANUAL LABOR P106 OUTDOOR STORAGE FACILITIES FOR FAMILIES AND BUSINESSES107 PARKING GARAGES AS PRINCIPAL USES Sa108 PARKING LOTS AS PRINCIPAL, ACCESSORY OR OFF-SITE USES Sb109 PARKING/STORAGE OF REC. VEHICLES ACCESSORY, IN RESIDENTIAL DIST.

109.1 PARKS110 PAWN SHOPS Sb111 PET GROOMING ESTABLISHMENTS, BUT NOT KENNELS P

111.1 PHARMACY & DRUG STORE PXR112 PHOTOCOPY SERVICES4 P113 PHOTOGRAPHIC STUDIOS SERVICING PRIMARILY THE PUBLIC4 P114 POST OFFICES P115 PRIVATE USE ON PUBLIC (CITY OWNED) LAND Sa116 PRINTING AND TYPE SETTING SERVICES4 P117 PRODUCE MARKETS P118 PUBLIC SAFETY FACILITIES OPERATED BY PRIVATE AGENCIES Sb119 PUBLIC SAFETY FACILITIES OPERATED BY PUBLIC AGENCIES4 P120 RADIO AND TELEVISION BROADCASTING STUDIOS AND FACILITIES P121 RAILROAD SWITCHING AND MARSHALING YARDS122 RECREATION, INDOOR4 P123 RECREATION, OUTDOOR, GENERAL P124 RECREATION, OUTDOOR, HIGH INTENSITY Sb125 RECREATION, OUTDOOR AMUSEMENTS, TEMP Sb126 RECREATION, STADIUMS/SPORTS ARENAS Sa127 REPAIR SHOPS FOR HOUSEHOLD APPLIANCES/SMALL MOTORS/MACHINES P128 RESEARCH & DEVELOPMENT FACILITIES NOT OF AN INDUSTRIAL NATURE P129 RESEARCH & DEVELOPMENT FACILITIES OF AN INDUSTRIAL NATURE130 RESIDENTIAL, FRATERNITIES AND SORORITIES131 RESIDENTIAL, MULTIFAMILY P9

132 RESIDENTIAL, ROOMING & BOARDING HOUSES133 RESIDENTIAL, SINGLE-FAMILY, DETACHED134 RESIDENTIAL, SINGLE-FAMILY ATTACHED AND DETACHED P9

135 RESIDENTIAL, TOWNHOUSES 9

136 RESTAURANTS SERVING A LIMITED CLIENTELE (PRIVATE CLUBS & LODGES)4 PXR

137 RESTAURANTS SERVING THE GENERAL PUBLIC, BUT NOT DRIVE-IN OR DRIVE THRU P

138 RESTAURANTS SERVING THE GENERAL PUBLIC, DRIVE-IN OR DRIVE THRU FACILITIES PXR

139 RETAIL BAKERIES P

140 RETAIL BUILDING MATERIAL SALES WHICH HAVE A VERY SIGNIFICANT EXTERNAL IMPACT P







USES GC

141 RETAIL BUSINESSES P142 SANDWICH SHOPS AND SNACK BARS P

143 SCHOOLS - PUBLIC AND PRIVATE, ELEMENTARY, INTERMEDIATE AND SECONDARY P

144 SCHOOLS - PUBLIC, VOCATION AND TRADE INVOLVING INDUSTRIAL EQUIPMENT

145 SCHOOLS - PUBLIC, VOCATION AND TRADE NOT INVOLVING INDUSTRIAL EQUIPMENT PXR

146 SCHOOLS, COMMERCIAL, VOCATION AND TRADE INVOLVING INDUSTRIAL EQUIPMENT

147 SCHOOLS, COMMERCIAL, VOCATION AND TRADE NOT INVOLVING INDUSTRIAL EQUIPMENT PXR

148 SCHOOLS, COLLEGES AND UNIVERSITIES, PUBLIC AND PRIVATE149 SCRAP, WASTE AND RECLAIMED MATERIALS TRADE150 SHIP AND BOAT BUILDING AND REPAIR151 SPECIAL NONCOMMERCIAL EVENTS OF PUBLIC INTEREST PXR152 SWIMMING POOL SALES P153 TAX RETURN PREPARATION SERVICES4 P154 TAXIDERMIST4 P155 TEMPORARY BORROW PITS, BORROW PILES AND SIMILAR EXCAVATIONS PXR156 TEMP MODEL DWELLINGS AND SALES OFFICES PXR

157 TEMPORARY OFFICES AND FACILITIES FOR CONSTRUCTION, STORAGE/SECURITY PXR

158 TEMPORARY PRODUCE STANDS Sb159 THEATERS, INDOOR, MOTION PICTURE & LIVE PERFORMANCES P160 TOBACCO SHOPS4 P

161 TRANSIT STORAGE AND MAINT. FACILITIES FOR PASSENGER TRANSPORTATION OPERATIONS Sb

162 TRANSIT, PASSENGER & FREIGHT TERMINALS Sb163 TRAVEL AGENCIES OR TRANSPORTATION TICKETS4 P

164 UPHOLSTERY, CLOTH & CANVAS PRODUCTS FABRICATION, INCL. SLIPCOVERS AND AWNINGS P

164.1 URBAN MARKET GARDENS PXR Sb165 UTILITY FACILITIES, HEAVY, PUBLIC AND PRIVATE166 UTILITY FACILITIES, LIGHT, PUBLIC AND PRIVATE PXR167 VETERINARY CLINICS AND HOSPITALS, ANIMAL SHELTERS, ENCLOSED PXR

168 VETERINARY CLINICS AND HOSPITALS, ANIMAL SHELTERS, ENCLOSED, NOT-FOR-PROFIT PXR

169 VETERINARY CLINICS AND HOSPITALS, ANIMAL SHELTERS, UNENCLOSED Sb170 WAREHOUSING FACILITIES FOR FAMILIES AND SMALL BUSINESSES P171 WAREHOUSING HAVING MODERATE EXTERNAL IMPACTS P172 WAREHOUSING HAVING SIGNIFICANT EXTERNAL IMPACTS PXR173 WAREHOUSING HAVING VERY SIGNIFICANT EXTERNAL IMPACTS174 WATCH AND SHOE REPAIR ESTABLISHMENTS4 P175 WHOLESALE HAVING A MODERATE EXTERNAL IMPACT P







USES GC

176 WHOLESALE HAVING A SIGNIFICANT EXTERNAL IMPACT PXR177 WHOLESALE HAVING A VERY SIGNIFICANT EXTERNAL IMPACT178 YARD AND GARAGE SALES, TEMPORARY

179 ACCESSORY TO OTHER USES, LAND AND/OR STRUCTURES TO PRINCIPAL USES PERMITTED BY RIGHT4

P

180 ACCESSORY TO OTHER USES, LAND AND/OR STRUCTURES TO SPECIAL USES PERMITTED BY RIGHT S

Sec. 94-272. - Permitted use table. (a) Generally. Uses as regulated in this section shall be determined as provided in the Permitted Use Table,

Table IX-1. Uses in the permitted use table are classified as the following:-1 Uses permitted by right (P). Uses allowed throughout a district as a matter of right, subject to all

applicable provisions of this chapter. These uses are designated by a "P" in Table IX-1.-2 Uses permitted by right, subject to extra requirements (PXRs). Uses allowed throughout a district, yet

subject to certain extra requirements not applicable to other uses in that district. Uses of this nature maybe established with planning and zoning administrator approval and issuance of a zoning certificate. Theextra requirements applicable to specific uses are subject to section 94-273. These uses are designated"PXR" in Table IX-1.

-3 Special uses (Class A and Class B). Uses normally not allowed within a district due to detrimental affectson permitted uses. However, special uses may be allowed under circumstances particular to theproposed location and subject to standards and conditions which provide protection to adjacent uses andproperties. All special uses are governed by the standards in subsection 94-36(e). These uses aredesignated "Sa" or "Sb" in Table IX-1.

(b) Establishment of use regulations. Except as otherwise provided in this chapter, regulations governing theuse of land and structure are hereby established as shown in the "Permitted Use Table." Uses notexpressly permitted are prohibited.

(c) Permitted uses within all districts. Within all districts there are certain uses permitted as a matter of rightthat are not listed on the permitted use table. These uses are aboveground and buried utility lines forlocal distribution of electricity, telephone, and cable television service; accessory and appurtenancesapparatus such as poles, guy wires, transformers, and switching boxes; public and private streets androads; railroad rights-of-way; water and sanitary sewer lines; gas and liquid fuel distribution lines; andpublic water canals.

(d) Planned community and planned development districts. Uses allowed in the planned development and planned community districts shall be as provided in section 94-206 (planned community district) and section 94-207 (planned development district).






Demographics by Drive Time1122 Palm Beach Lakes Blvd, West Palm Beach, FloridaDrive Times: 5, 10, 15 minute radii

Latitude: 26.72467 Longitude: -80.06326

5 minutes 10 minutes 15 minutesPopulation

2000 Population 17,448 78,914 261,3832010 Population 19,430 82,366 281,5252016 Population 20,743 86,910 297,4172021 Population 22,012 91,504 314,1422000-2010 Annual Rate 1.08% 0.43% 0.75%2010-2016 Annual Rate 1.05% 0.86% 0.88%2016-2021 Annual Rate 1.19% 1.04% 1.10%2016 Male Population 48.1% 50.4% 49.5%2016 Female Population 51.9% 49.6% 50.5%2016 Median Age 37.4 36.5 37.7

In the identified area, the current year population is 297,417. In 2010, the Census count in the area was 281,525. The rate of change since 2010 was 0.88% annually. The five-year projection for the population in the area is 314,142 representing a change of 1.10% annually from 2016 to 2021. Currently, the population is 49.5% male and 50.5% female.

Median Age

The median age in this area is 37.4, compared to U.S. median age of 38.0.Race and Ethnicity

2016 White Alone 31.4% 44.6% 52.8%2016 Black Alone 60.7% 42.6% 33.4%2016 American Indian/Alaska Native Alone 0.3% 0.5% 1.0%2016 Asian Alone 1.2% 1.3% 2.2%2016 Pacific Islander Alone 0.1% 0.1% 0.1%2016 Other Race 3.5% 7.8% 7.1%2016 Two or More Races 2.7% 3.1% 3.5%2016 Hispanic Origin (Any Race) 13.6% 26.3% 31.2%

Persons of Hispanic origin represent 31.2% of the population in the identified area compared to 17.9% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 77.7 in the identified area, compared to 63.5 for the U.S. as a whole.

Households2000 Households 7,113 31,159 106,3512010 Households 8,354 32,494 111,0812016 Total Households 8,827 34,035 115,8512021 Total Households 9,408 35,894 121,8812000-2010 Annual Rate 1.62% 0.42% 0.44%2010-2016 Annual Rate 0.89% 0.74% 0.67%2016-2021 Annual Rate 1.28% 1.07% 1.02%2016 Average Household Size 2.25 2.41 2.51

The household count in this area has changed from 111,081 in 2010 to 115,851 in the current year, a change of 0.67% annually. The five-year projection of households is 121,881, a change of 1.02% annually from the current year total. Average household size is currently 2.51, compared to 2.48 in the year 2010. The number of families in the current year is 66,363 in the specified area.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021. Esri converted Census 2000 data into 2010 geography.

©2016 Esri Page 1 of 2






Demographics by Drive Time continued

1122 Palm Beach Lakes Blvd, West Palm Beach, FloridaDrive Times: 5, 10, 15 minute radii


5 minutes 10 minutes 15 minutesMedian Household Income

2016 Median Household Income $31,680 $37,158 $39,9132021 Median Household Income $31,981 $39,707 $44,5372016-2021 Annual Rate 0.19% 1.34% 2.22%

Average Household Income

2016 Average Household Income $51,237 $61,392 $58,7852021 Average Household Income $56,310 $66,830 $64,2022016-2021 Annual Rate 1.91% 1.71% 1.78%

Per Capita Income2016 Per Capita Income $23,977 $25,173 $23,4222021 Per Capita Income $26,280 $27,294 $25,4072016-2021 Annual Rate 1.85% 1.63% 1.64%

Households by IncomeCurrent median household income is $39,913 in the area, compared to $54,149 for all U.S. households. Median household income is projected to be $44,537 in five years, compared to $59,476 for all U.S. households

Current average household income is $58,785 in this area, compared to $77,008 for all U.S. households. Average household income is projected to be $64,202 in five years, compared to $84,021 for all U.S. households

Current per capita income is $23,422 in the area, compared to the U.S. per capita income of $29,472. The per capita income is projected to be $25,407 in five years, compared to $32,025 for all U.S. households

Housing2000 Total Housing Units 8,413 37,009 123,851

2000 Owner Occupied Housing Units 2,590 15,147 63,2402000 Renter Occupied Housing Units 4,523 16,013 43,1112000 Vacant Housing Units 1,300 5,849 17,500

2010 Total Housing Units 11,235 42,814 138,5592010 Owner Occupied Housing Units 2,490 14,426 61,1732010 Renter Occupied Housing Units 5,864 18,068 49,9082010 Vacant Housing Units 2,881 10,320 27,478



Currently, 39.3% of the 144,577 housing units in the area are owner occupied; 40.8%, renter occupied; and 19.9% are vacant. Currently, in the U.S., 55.4% of the housing units in the area are owner occupied; 32.9% are renter occupied; and 11.7% are vacant. In 2010, there were 138,559 housing units in the area - 44.1% owner occupied, 36.0% renter occupied, and 19.8% vacant. The annual rate of change in housing units since 2010 is 1.91%. Median home value in the area is $149,349, compared to a median home value of $198,891 for the U.S. In five years, median value is projected to change by 4.38% annually to $185,079.








Demographics by Drive Time map






Demographics by Distance

1122 Palm Beach Lakes Blvd, West Palm Beach, Florida, 33401Rings: 1, 3, 5 mile radii


1 mile 3 miles 5 milesPopulation

2000 Population 10,146 73,585 168,2372010 Population 10,573 81,135 183,1792016 Population 11,060 86,059 193,0472021 Population 11,597 90,897 203,5452000-2010 Annual Rate 0.41% 0.98% 0.85%2010-2016 Annual Rate 0.72% 0.95% 0.84%2016-2021 Annual Rate 0.95% 1.10% 1.06%2016 Male Population 48.3% 48.8% 49.0%2016 Female Population 51.7% 51.2% 51.0%2016 Median Age 37.6 37.5 38.5

In the identified area, the current year population is 193,047. In 2010, the Census count in the area was 183,179. The rate of change since 2010 was 0.84% annually. The five-year projection for the population in the area is 203,545 representing a change of 1.06% annually from 2016 to 2021. Currently, the population is 49.0% male and 51.0% female.

Median Age

The median age in this area is 37.6, compared to U.S. median age of 38.0.Race and Ethnicity

2016 White Alone 22.4% 46.0% 48.0%2016 Black Alone 71.9% 41.2% 40.0%2016 American Indian/Alaska Native Alone 0.3% 0.5% 0.5%2016 Asian Alone 0.8% 2.0% 2.1%2016 Pacific Islander Alone 0.1% 0.1% 0.1%2016 Other Race 2.1% 7.1% 6.2%2016 Two or More Races 2.3% 3.1% 3.0%2016 Hispanic Origin (Any Race) 8.3% 22.7% 25.3%

Persons of Hispanic origin represent 25.3% of the population in the identified area compared to 17.9% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 75.7 in the identified area, compared to 63.5 for the U.S. as a whole.

Households2000 Households 3,931 31,269 69,9212010 Households 4,316 34,237 74,6402016 Total Households 4,477 35,906 77,7552021 Total Households 4,701 37,884 81,7462000-2010 Annual Rate 0.94% 0.91% 0.66%2010-2016 Annual Rate 0.59% 0.76% 0.66%2016-2021 Annual Rate 0.98% 1.08% 1.01%2016 Average Household Size 2.35 2.31 2.41

The household count in this area has changed from 74,640 in 2010 to 77,755 in the current year, a change of 0.66% annually. The five-year projection of households is 81,746, a change of 1.01% annually from the current year total. Average household size is currently 2.41, compared to 2.38 in the year 2010. The number of families in the current year is 42,587 in the specified area.








Demographics by Distance continued1122 Palm Beach Lakes Blvd, West Palm Beach, Florida, 33401Rings: 1, 3, 5 mile radii


1 mile 3 miles 5 milesMedian Household Income

2016 Median Household Income $30,668 $39,873 $40,0892021 Median Household Income $31,080 $43,997 $44,6662016-2021 Annual Rate 0.27% 1.99% 2.19%

Average Household Income

2016 Average Household Income $53,262 $66,275 $61,0882021 Average Household Income $59,257 $71,936 $66,7292016-2021 Annual Rate 2.16% 1.65% 1.78%

Per Capita Income2016 Per Capita Income $24,464 $28,652 $25,2772021 Per Capita Income $27,132 $30,943 $27,4462016-2021 Annual Rate 2.09% 1.55% 1.66%

Households by IncomeCurrent median household income is $40,089 in the area, compared to $54,149 for all U.S. households. Median household income is projected to be $44,666 in five years, compared to $59,476 for all U.S. households

Current average household income is $61,088 in this area, compared to $77,008 for all U.S. households. Average household income is projected to be $66,729 in five years, compared to $84,021 for all U.S. households

Current per capita income is $25,277 in the area, compared to the U.S. per capita income of $29,472. The per capita income is projected to be $27,446 in five years, compared to $32,025 for all U.S. households

Housing2000 Total Housing Units 4,710 37,749 84,231

2000 Owner Occupied Housing Units 1,325 15,493 40,3742000 Renter Occupied Housing Units 2,607 15,775 29,5472000 Vacant Housing Units 778 6,481 14,310




Currently, 36.5% of the 100,969 housing units in the area are owner occupied; 40.5%, renter occupied; and 23.0% are vacant. Currently, in the U.S., 55.4% of the housing units in the area are owner occupied; 32.9% are renter occupied; and 11.7% are vacant. In 2010, there were 96,971 housing units in the area - 41.2% owner occupied, 35.8% renter occupied, and 23.0% vacant. The annual rate of change in housing units since 2010 is 1.81%. Median home value in the area is $148,728, compared to a median home value of $198,891 for the U.S. In five years, median value is projected to change by 4.27% annually to $183,325.








Demographics by Distance map




Edward A. Kearney3017 Exchange Court, Suite DWest Palm Beach, FL 33409

561-616-6262 F 561-616-6264Email: [email protected]

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Experience:Edward A. Kearney, CCIM, has been a licensed Florida real estate broker for more than 25 years. Since 2000 his primary business has been sales and leasing of retail, office, industrial and vacant land. He has sold or leased most types of commercial properties and has worked in many of the largest metropolitan areas in Florida.

Recently Ed’s expertise and reputation has been recognized by two separate Florida State Courts which have appointed him as Receiver to oversee, preserve, manage and sell commercial properties involved in various types of litigation.

During his first ten years as a broker, Ed represented more than $1 billion of commercial property in annual tax appeals and more than $250 million in annual tangible personal property tax appeals throughout Florida. He continues to offer property tax consulting services. Service:What does good service mean? At Kearney Commercial Realty we try to think about how to service our clients, recognizing that they may have a various levels of expertise, experience and different requirements. We have found that the best way to determine the level of service required is to reverse roles. In other words, we try to place ourselves in the same situation as the client and ask ourselves how would we expect or want to be treated.

Reputation:Reputation and integrity are essential in commercial real estate. In trying to define how we conduct ourselves, we are reminded of Warren Buffet’s mandate to his employees. He demanded that they conduct themselves as if their actions were to be reported on the front page of tomorrow’s newspaper. After 25 years our reputation is solid. We are sure that if anything were said about us in a newspaper or in any way, it would likely be good. Further, we make every effort to avoid conflicts of interest by placing our clients best interests before our own.

Other:Ed served as an Explosive Ordnance Disposal and Diving Officer in the US Navy on both an aircraft carrier and while in Vietnam. He has three children and seven grandchildren. He enjoys reading, bicycling and plays golf to a 3 handicap.

mailto:Ed%40Kearneyreal.com?subject=Property%20listing


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