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

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.

ATTACHMENTS

Island Plaza

PROPERTY FACTS

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
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

Rent-A-Center
Publix
Truist
Comerica

PROPERTY TAXES

  • Listing ID: 30169251

  • Date on Market: 11/27/2023

  • Last Updated:

  • Address: 2900-3002 Broadway, Riviera Beach, FL 33404