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Mixed-Use Development Opportunity 5900 Broadway 4,158 SF Office Building West Palm Beach, FL 33407 $2,495,000 ($600.05/SF)
INVESTMENT HIGHLIGHTS
- +/- 200 ft. Frontage on Highway US-1
- Ideally Located in WPB's Redevelopment District
- Heavy Traffic Counts
- 0.4835 Acres Double-Corner Lot
- Zoned Broadway Mixed-Use (BMUD-II)
- Convenient to North Palm & Evergrowing Downtown West Palm Beach
EXECUTIVE SUMMARY
Exceptional opportunity for developers, investors, and businesses to contribute to the transformation of the Broadway Corridor into a vibrant mixed-use community. The City of West Palm Beach’s recent changes to Land Development Regulations (June 2024), allow for retail, professional offices, and the potential for 30+ residential units. With backing from the City and CRA, this is your opportunity to help shape a dynamic community that will benefit both residents & visitors alike!
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
4,158 SF
Building Class
C
Year Built
1962
Price
$2,495,000
Price Per SF
$600.05
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,158 SF
Building FAR
0.18
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
BMUD-II - Broadway Mixed Use / BMUD-II
Parking
30 Spaces (7.21 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Yard
PROPERTY TAXES
| Parcel Number | 74-43-43-04-03-000-0170 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $387,461 |
PROPERTY TAXES
Parcel Number
74-43-43-04-03-000-0170
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$387,461
MAP
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