114 Olive AveWest Palm Beach, FL 33401

This three-story, 13,083-square-foot mixed-use building at 114 South Olive Avenue in West Palm Beach, Florida, presents a unique investment opportunity. Built in 1923 and renovated in 2016, it boasts a prime downtown location on a 0.11-acre lot, directly on Olive Avenue, a major thoroughfare. The property is zoned CWD-CD and features a historically designated façade. Currently occupied by a bar and nightclub under a month-to-month lease, the building includes a valuable, transferable full liquor license (4COP). Significant renovations in 2016 and 2018 included structural improvements, electrical upgrades, hurricane impact glass, and plumbing enhancements, allowing for the addition of two more stories (up to a maximum of five stories permitted). The building's location within a rapidly growing area, with a high average household income and projected population growth, offers strong potential for future expansion and increased rental income. The property is ideal for an owner-user or family office seeking a unique, historic building in a thriving market. The current tenant's lease is month-to-month, providing flexibility for the new owner. This is a rare opportunity to acquire a historically significant property with significant upside potential in the heart of downtown West Palm Beach.