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218 Royal Palm Way
Palm Beach, FL 33480

218 Royal Palm Way · Office Property For Sale

PROPERTY FACTS

Property Type
Office
Building Size
12,265 SF
Building Class
B
Year Built/Renovated
1920/1986
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,132 SF
Slab To Slab
11’
Building FAR
0.61
Lot Size
0.46 AC
Zoning
COPI
Parking
10 Spaces (0.8 Spaces per 1,000 SF Leased)

About 218 Royal Palm Way , Palm Beach, FL 33480

Property tours are available by appointment ONLY. Please contact Michael Osiecki to schedule at michael.osiecki@cushwake.com or 561-227-2060. Investment Highlights: ±12,446 SF vacant office building located on the exclusive "Banker's Row" in Palm Beach Owner-operator opportunity or value-add through lease-up at market rates Located in a hyper-supply constrained market with development potential Best in class single tenant building that can be divided One of a kind branding opportunities with excellent visibility Prime location only ±0.4 miles from Worth Avenue, ±0.9 miles from the Breakers, and ±3 miles from Palm Beach International Airport 2017 Average HH income of $118,909 within a 1-mile radius Investment Overview: The Vacant Palm Beach Office Building is a value-add investment opportunity located at 218 Royal Palm Way in Palm Beach, FL. This Class A, free-standing, office building is suitable for either an owner occupant or investors seeking a value-add opportunity with significant upside through lease-up at market rates or future redevelopment. 218 Royal Palm Way is a trophy office building in the distinguished area of Royal Palm Way which is home to many of This Class A, free-standing, office building is suitable for either an owner occupant or investors seeking a value-add opportunity with significant upside through lease-up at market rates or future redevelopment. 218 Royal Palm Way is a trophy office building in the distinguished area of Royal Palm Way which is home to many of the world's most respectable names in the banking and financial sector. The property is ideal for office and professional-use tenants and ready for immediate occupancy. The floor plate allows for a variety of floorplan options and the ±12,446 can be utilized by a one single tenant or reconfigured for 2 tenants each occupying the 1st and 2nd floors separately. This Property offers one-of-a-kind branding opportunities given its prime/prestigious location and excellent visibility. The Town of Palm Beach is an incorporated town in Palm Beach County, FL that is separated from the mainland by the Lake Worth Lagoon. The island of Palm Beach has maintained a refined elegance for more than a century and is home to legendary resorts, exquisite mansions, superb dining and many notable landmarks. It. The incomparable Worth Avenue, located ±0.4 miles from the Property

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
50-43-43-23-05-025-0370
Land Assessment
$4,930,816
Improvements Assessment
$3,407,971
Total Assessment
$8,338,787
  • Listing ID: 8662083

  • Date on Market: 8/14/2017

  • Last Updated:

  • Address: 218 Royal Palm Way, Palm Beach, FL 33480

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