605 S Olive Ave
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605 S Olive Ave
7,220 SF 100% Leased Retail Building West Palm Beach, FL 33401 $10,000,000 ($1,385/SF)
Investment Highlights
- First Time Offered!
- Located on the Quadrille Garden District
- 7,220 SF Single-Story Free Standing Bldg
- Approved for 10-Story Development
Executive Summary
FIRST TIME OFFERED!
SW Corner of South Olive Avenue and Hibiscus Street - Right in the heart of the Core of downtown West Palm Beach.
Approved for 10-Story Development - Property is located in the Quadrille Garden District of West Palm Beach which has subject to approvals to build up to 10-stories and a FAR of 2.75 which translates to a building of 51,150 SF. That SF area does not include parking area, mechanical rooms, storage areas, etc...
SW Corner of South Olive Avenue and Hibiscus Street - Right in the heart of the Core of downtown West Palm Beach.
Approved for 10-Story Development - Property is located in the Quadrille Garden District of West Palm Beach which has subject to approvals to build up to 10-stories and a FAR of 2.75 which translates to a building of 51,150 SF. That SF area does not include parking area, mechanical rooms, storage areas, etc...
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,220 SF
Building Class
C
Year Built
1925
Price
$10,000,000
Price Per SF
$1,385
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
0.43 AC
Zoning
CC3
Parking
17 Spaces
Frontage
154 FT on olive
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (84)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 74-43-43-21-09-003-0010 | Improvements Assessment | $783,797 |
Land Assessment | $3,081,375 | Total Assessment | $2,386,215 |
PROPERTY TAXES
Parcel Number
74-43-43-21-09-003-0010
Land Assessment
$3,081,375
Improvements Assessment
$783,797
Total Assessment
$2,386,215
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605 S Olive Ave
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