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Riviera Beach Strip - Riviera Beach FL 1901-1923 Broadway

13,439 SF 100% Leased Retail Building West Palm Beach, FL 33404 $3,150,000 ($234/SF) 7.21% Cap Rate

Mixed Use Properties Florida West Palm Beach 1901-1923 Broadway, West Palm Beach, FL 33404

Investment Highlights

  • Multi-Tenant Strip | Value-Add / Redevelopment Opportunity | 74% Occupied
  • Signalized, Hard Corner Intersection | Interstate 95 (210,000 VPD) | Located Directly Across the Street from Safe Harbor Rybovich

Executive Summary

• Opportunity to acquire the Riviera Beach Strip, a multi-tenant storefront in Riviera Beach, FL
• At 42% occupancy, a future investor will be able to capitalize on a value-add approach through the lease up of vacancies or re-development

Attachments

Riviera Beach FL - Riviera Beach Strip - OM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,439 SF
Building Class
C
Year Built
1962
Price
$3,150,000
Price Per SF
$234
Cap Rate
7.21%
NOI
$227,108
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.44
Lot Size
0.70 AC
Zoning
CG - CG | DC - Downtown Core
Parking
18 Spaces (1.34 Spaces per 1,000 SF Leased)
Frontage
146 FT on Broadway

Amenities

  • Bus Line
1 of 1

Nearby Major Retailers

Truist
Comerica
Rent-A-Center
Publix

PROPERTY TAXES

Parcel Number 56-43-42-28-21-005-0181 Improvements Assessment $649,184
Land Assessment $206,141 Total Assessment $855,325

PROPERTY TAXES

Parcel Number
56-43-42-28-21-005-0181
Land Assessment
$206,141
Improvements Assessment
$649,184
Total Assessment
$855,325
(813) 683-5115

Contacts

  • Listing ID: 32379016

  • Date on Market: 7/8/2024

  • Last Updated:

  • Address: 1901-1923 Broadway, West Palm Beach, FL 33404

More public record information on 1901-1923 Broadway, West Palm Beach, FL 33404

The Retail Property at 1901-1923 Broadway, West Palm Beach, FL 33404 is currently available for sale. Contact SRS Real Estate Partners for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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Riviera Beach FL - Riviera Beach Strip - OM
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Riviera Beach Strip - Riviera Beach FL | 1901-1923 Broadway
(813) 683-5115 x

Riviera Beach Strip - Riviera Beach FL | 1901-1923 Broadway

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Jarrett Slear

(813) 683-5115

(813) 683-5115

Connor Barton

(954) 400-2748

(954) 400-2748

Patrick Nutt

(954) 302-7365

(954) 302-7365

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