Island Plaza 2900-3002 Broadway
80,189 SF 90% Leased Retail Building Riviera Beach, FL 33404 $14,200,000 ($177/SF) 7.01% Cap Rate
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INVESTMENT HIGHLIGHTS
- Heavy traffic counts in up and coming area. Federal Hwy 25,376, Broadway 23,000, and W. Blue Heron Blvd 18,300
- Within 10 miles of Palm Beach International Airport.
- 29,259 households within 3 miles with an average income of $52,598
EXECUTIVE SUMMARY
This prime location directly on Broadway. Existing 75,000 square foot shopping center with national tenants. Property sits on over 5.5 acres of land. A new 20 story residential developments going up along Broadway.
Income producing property with a value add opportunity.
Income producing property with a value add opportunity.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
80,189 SF
Building Class
B
Year Built/Renovated
1986/1998
Price
$14,200,000
Price Per SF
$177
Cap Rate
7.01%
NOI
$994,745
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
5.54 AC
Zoning
CG, Riviera Beach - General Commercial, Riviera Beach
Parking
248 Spaces (3.1 Spaces per 1,000 SF Leased)
Frontage
436 FT on Broadway
AMENITIES
- Tenant Controlled HVAC
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 650-8,000 SF
- Retail
- In-Line
- Now
- C17A-2
- 10,890 SF
- Medical
- In-Line
- 120 Days
Space | Size | Space Use | Position | Available |
1st Floor | 650-8,000 SF | Retail | In-Line | Now |
C17A-2 | 10,890 SF | Medical | In-Line | 120 Days |
1st Floor
Size |
650-8,000 SF |
Space Use |
Retail |
Position |
In-Line |
Available |
Now |
C17A-2
Size |
10,890 SF |
Space Use |
Medical |
Position |
In-Line |
Available |
120 Days |
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | 56-43-42-28-19-000-0170 | Improvements Assessment | $6,500,000 |
Land Assessment | $0 | Total Assessment | $6,500,000 |