Prime Redevelopment Opportunity
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Prime Redevelopment Opportunity
2 Retail Properties Offered at $2,500,000 in West Palm Beach, FL
Investment Highlights
- Zoning: Mixed-Use (MU) – suitable for a variety of residential, commercial, and retail applications.
- Location: Centrally situated within the Broadway Corridor CRA, ensuring high visibility and accessibility.
- Building Potential: Permitted to build up to three stories high, allowing for versatile development plans.
- Opportunity Zone: Benefit from substantial tax incentives designed to spur economic development and investment.
Executive Summary
Explore this exceptional redevelopment opportunity in the heart of the Broadway Corridor CRA. This combined 22,812 SF parcel permitted mixed-use allows for the construction of a three-story building, offering the flexibility to develop a dynamic combination of residential, commercial, and retail spaces. The location benefits from high traffic visibility and strong growth potential, enhanced by its position within a designated Community Redevelopment Area. The Opportunity Zone designation further provides significant tax incentives and development benefits, making this property an attractive investment. Ideal for developers seeking to capitalize on the strategic location and favorable zoning regulations. Don’t miss this unique opportunity to shape the future of the Broadway Corridor with your visionary development, perfectly positioned for future growth and success. Contact me today for more information and to schedule a viewing.
Property Facts
| Price | $2,500,000 | Number of Properties | 2 |
| Price / SF | $485.72 / SF | Individually For Sale | 0 |
| Sale Conditions | Redevelopment Project | Total Building Size | 5,147 SF |
| Sale Type | Owner User | Total Land Area | 0.76 AC |
| Status | Active |
| Price | $2,500,000 |
| Price / SF | $485.72 / SF |
| Sale Conditions | Redevelopment Project |
| Sale Type | Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 5,147 SF |
| Total Land Area | 0.76 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Food Plus
5501-5503 W Broadway, West Palm Beach, FL 33407 |
Retail | 3,034 SF | 1955 | - |
|
Pan American Grocery
5509 W Broadway, West Palm Beach, FL 33407 |
Retail | 2,113 SF | 1948 | - |
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Prime Redevelopment Opportunity
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