For Sale
$1,500,000

5501 BroadwayWest Palm Beach, FL 33407

Prime Redevelopment Opportunity, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 22,812 square foot mixed-use property in West Palm Beach, Florida, presents a compelling redevelopment opportunity. Located at 5501 Broadway, within the Broadway Corridor Community Redevelopment Area (CRA), this single-story, 1955-built building offers significant potential. Current zoning permits the construction of a three-story building, allowing for a flexible development plan incorporating residential, commercial, and retail spaces. The property boasts high traffic visibility and benefits from the strong growth potential inherent in its location within the designated CRA. Further enhancing its appeal is its designation as an Opportunity Zone, providing substantial tax incentives and development advantages for investors. This strategic location, coupled with favorable zoning regulations, makes this a highly attractive investment for developers seeking to capitalize on the area's upward trajectory. The asking price is $1,500,000. Don't miss this chance to shape the future of the Broadway Corridor. The property's zip code is 33407, and it is situated in Palm Beach County.

Highlights

  • $1,500,000 asking price.
  • Mixed-use, retail property.
  • 1955 construction, one-story building.
  • 22,812 square foot lot, permitted for three-story mixed-use development.
  • Located in West Palm Beach, FL, in the Broadway Corridor CRA, offering high traffic visibility and strong growth potential.
  • Opportunity Zone designation provides significant tax incentives.

Property Details for 5501 Broadway

Property type
Retail properties, Mixed-use properties
Year Built
1955
Stories
1

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.7598893
Longitude
-80.0557365
5501 Broadway, West Palm Beach, Florida

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5501 Broadway
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