The Anthony Building | 312 Clematis St
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The Anthony Building 312 Clematis St
25,296 SF 27% Leased Office Building West Palm Beach, FL 33401 $10,500,000 ($415/SF)
Investment Highlights
- Iconic Asset Fronting Historic Clematis St that hosts major annual & weekly events like SunFest Music Festival, Palm Beach Boat Show, & GreenMarket.
- Benefit from rising demand in a micro-market dubbed “Wall Street South”, by major media outlets.
- In the heart of thriving Downtown West Palm Beach CBD, coined "Wall Street South" fueled by an influx of financial institutions relocating from NYC.
- Prime opportunity for Owner/Users or Investors to acquire a high-vacancy asset, capitalize on its potential through cosmetic enhancements.
- Original Hardwood Floors, High Ceilings, Crown and Accent Moldings, Exposed Beams, Penthouse Open-Air Rooftop Terrace.
- Close Walking Proximity to Thousands of Class "A" Multi-Family and Condo Units, New Class "A" Hotels, and the High Speed Brightline Train Station.
Executive Summary
Ideal Opportunity to Own a High Vacancy Asset and Take Advantage of Tremendous Upside Through Cosmetic Enhancements and Re-Tenanting in This Rising Tide Micro-Market or As A Prime Location For An Owner Occupier!
Lee & Associates as exclusive Advisor is pleased to present The Anthony Building, an iconic trophy asset comprising of a 23,078 rentable square foot retail and office building located directly on Historic Clematis Street in the heart of Downtown West Palm Beach's thriving high-energy entertainment and business district. The five-story building features the first two floors converted to a prime, ground-floor retail suite fronting Clematis with 18-foot high ceilings and approximately 850 square feet of mezzanine space and currently housing the very popular tenant Fitness Hub. The top three floors consist of conventional and loft offices with original hardwood flooring and two floors that cover the entire footprint of the building and a penthouse floor that covers approximately 40% of the footprint on the south end of the building with a large rooftop patio accented by three sets of French doors. The buildings façade maintains its original historic and prominent design with three-story decorative columns and carved concrete architectural cornices, moldings and gold-leafed lettering that give the Property tremendous street presence in this trendy location. Currently 31.7% leased to two tenants, the Property represents valuable upside to the well below market ground floor retail as well as the lease-up of the 3rd and 4th floors. Highly flexible office floors allow for multiple smaller tenants or single floor tenants. This is an ideal opportunity for a partial owner/user or investor looking to take advantage of the rising tide market and "Wall Street South" migration trends fueling unseen levels of new development in one of the Southeast's hottest cities.
Located in the thriving West Palm Beach CBD, just one block from US-1 and 1.5 miles from I-95, offering close proximity to key landmarks such as the Palm Beach County Courthouse, CityPlace, and The Waterfront. With a Walk Score of 98 and convenient access to public transportation, including the Brightline High-Speed Rail station, it provides tenants with unparalleled convenience and connectivity within the vibrant urban center.
Lee & Associates as exclusive Advisor is pleased to present The Anthony Building, an iconic trophy asset comprising of a 23,078 rentable square foot retail and office building located directly on Historic Clematis Street in the heart of Downtown West Palm Beach's thriving high-energy entertainment and business district. The five-story building features the first two floors converted to a prime, ground-floor retail suite fronting Clematis with 18-foot high ceilings and approximately 850 square feet of mezzanine space and currently housing the very popular tenant Fitness Hub. The top three floors consist of conventional and loft offices with original hardwood flooring and two floors that cover the entire footprint of the building and a penthouse floor that covers approximately 40% of the footprint on the south end of the building with a large rooftop patio accented by three sets of French doors. The buildings façade maintains its original historic and prominent design with three-story decorative columns and carved concrete architectural cornices, moldings and gold-leafed lettering that give the Property tremendous street presence in this trendy location. Currently 31.7% leased to two tenants, the Property represents valuable upside to the well below market ground floor retail as well as the lease-up of the 3rd and 4th floors. Highly flexible office floors allow for multiple smaller tenants or single floor tenants. This is an ideal opportunity for a partial owner/user or investor looking to take advantage of the rising tide market and "Wall Street South" migration trends fueling unseen levels of new development in one of the Southeast's hottest cities.
Located in the thriving West Palm Beach CBD, just one block from US-1 and 1.5 miles from I-95, offering close proximity to key landmarks such as the Palm Beach County Courthouse, CityPlace, and The Waterfront. With a Walk Score of 98 and convenient access to public transportation, including the Brightline High-Speed Rail station, it provides tenants with unparalleled convenience and connectivity within the vibrant urban center.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
25,296 SF
Building Class
B
Year Built/Renovated
1925/1998
Price
$10,500,000
Price Per SF
$415
Percent Leased
27%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
6,700 SF
Slab To Slab
10’
Building FAR
2.90
Land Acres
0.20 AC
Zoning
CCI
Amenities
- 24 Hour Access
- Bus Line
- Roof Terrace
- Open-Plan
- Hardwood Floors
- Air Conditioning
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Walk Score ®
Walker's Paradise (98)
Bike Score ®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 74-43-43-21-01-012-0030 | Improvements Assessment | $3,758,420 |
| Land Assessment | $1,243,275 | Total Assessment | $4,585,739 |
PROPERTY TAXES
Parcel Number
74-43-43-21-01-012-0030
Land Assessment
$1,243,275
Improvements Assessment
$3,758,420
Total Assessment
$4,585,739
-
C. Todd Everett -
Lee & Associates
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The Anthony Building | 312 Clematis St
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