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120 S Olive Ave - Guaranty Building - Ground Floor Restaurant

2,829 SF Retail Condo Unit Offered at $1,500,000 in West Palm Beach, FL 33401

Restaurants Florida West Palm Beach 120 S Olive Ave, West Palm Beach, FL 33401

Investment Highlights

  • Highly visible locations on Datura Street
  • Highly walkable area in downtown West Palm Beach
  • Nearby restaurants include E. R. Bradley’s Saloon, Avocado Grill, Club Camelot and 123 Datura Bar & Kitchen

Executive Summary

2,829 SF ground floor restaurant for sale in the Guaranty Building. Units 103 and 105 measure 2,829 rentable square feet and are located just east of the northeast corner of Datura Street and Olive Avenue. This commercial condo is for sale for $1,500,000. Building permit in hand for new upscale design. Brand new kitchen equipment and HVAC systems have been purchased and are included in the sale price.

Property Facts

Price $1,500,000 Building Class B
Unit Size 2,829 SF Floors 7
No. Units 1 Typical Floor Size 5,482 SF
Total Building Size 38,372 SF Year Built 1925
Property Type Retail (Condo) Tenancy Single
Property Subtype
Restaurant
  • General Retail Storefront
  • Office Medical
 Lot Size 0.53 AC
Sale Type Owner User Parking Ratio 0.16/1,000 SF
Price $1,500,000
Unit Size 2,829 SF
No. Units 1
Total Building Size 38,372 SF
Property Type Retail (Condo)
Property Subtype
Restaurant
  • General Retail Storefront
  • Office Medical
Sale Type Owner User
Building Class B
Floors 7
Typical Floor Size 5,482 SF
Year Built 1925
Tenancy Single
Lot Size 0.53 AC
Parking Ratio 0.16/1,000 SF

1 Unit Available

Unit 103/105

Unit Size 2,829 SF Condo Use Retail
Price $1,500,000 Sale Type Owner User
Price Per SF $530.22
Unit Size 2,829 SF
Price $1,500,000
Price Per SF $530.22
Condo Use Retail
Sale Type Owner User
Description

2,829 SF former restaurant for sale on Datura Street. This retail condominium has been completely demolished on the inside and is ready for a new build-out. Approved building plan and construction permits are in hand for a new concept. The Guaranty Building is one block south of Clematis Street and 50’ east of North Olive Avenue. Nearby restaurants include E. R. Bradley’s Saloon, Avocado Grill, Club Camelot and 123 Datura Bar & Kitchen. The space is on the ground floor of the Guaranty Building and directly across the street from The Harvey Building. Highly visible location on Datura Street (the main entrance to all waterfront events including the Palm Beach Boat Show, Sunfest, 4th on Flagler, etc.). For Sale: $1,500,000.00 Cash to Seller. The price includes brand new kitchen equipment and brand new air-conditioning.

Links

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Walk Score ®
Walker's Paradise (98)
Bike Score ®
Very Bikeable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
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measures access to public transit. Bike Score®
measures bikeability of a location.®
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Nearby Major Retailers

Truist
Valley National Bank
F45 Training, Inc.
PNC Bank
Kabuki Japanese Restaurant
Starbucks
Duffy's Sports Grill
Publix
Regions Bank
BRIO Tuscan Grille

zoning

Zoning Code CWD-CD ((CWD-CD) Clematis Waterfront District - Conservation District, City of West Palm Beach)
CWD-CD ((CWD-CD) Clematis Waterfront District - Conservation District, City of West Palm Beach)
(561) 389-0315

  • Listing ID: 30521100

  • Date on Market: 1/3/2024

  • Last Updated:

  • Address: 120 S Olive Ave, West Palm Beach, FL 33401

More public record information on 120 S Olive Ave, West Palm Beach, FL 33401

The Retail Property at 120 S Olive Ave, West Palm Beach, FL 33401 is currently available For Sale. Contact Reichel Realty & Investments, Inc. for more information.

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120 S Olive Ave - Guaranty Building - Ground Floor Restaurant
(561) 389-0315 x

120 S Olive Ave - Guaranty Building - Ground Floor Restaurant

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William B. Reichel

(561) 389-0315

(561) 389-0315

Kerry Jackson

(561) 512-7512

(561) 512-7512

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