For Sale
$2,750,000

201 Narcissus AveWest Palm Beach, FL 33401

West Palm Beach Waterfront Retail

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 2,540 square foot ground floor commercial unit, located in the prestigious Esplanade Grande in downtown West Palm Beach, Florida, presents a rare investment opportunity. Boasting a prime waterfront location overlooking Historic Palm Beach Island, this property offers stunning views and unparalleled access. The unit features 13-foot ceilings, impact glass, and includes six private underground parking spaces. Building amenities include 24-hour access to the main lobby, restrooms, concierge, and valet parking. Owners also enjoy access to a fourth-floor gym and wellness center, hot tub, showers, a 360-degree rooftop garden with outdoor gathering areas, a pool, and an air-conditioned event lounge. The property is currently 100% occupied under an Absolute NNN lease with one year remaining. Built in 2004, this single-tenant retail space is listed at $2,750,000 with a 7.00% cap rate. The address is 201 S Narcissus Ave, West Palm Beach, FL 33401. This is a unique opportunity to acquire a high-quality commercial property in a highly desirable location.

Highlights

  • $2,750,000 asking price for a retail property in West Palm Beach, FL.
  • Absolute NNN lease, single tenant occupancy with one year remaining.
  • 2,500-2,600 square feet, 7% cap rate, 100% occupancy.
  • Located at 201 S Narcissus Ave, West Palm Beach, FL 33401.
  • Ground floor commercial unit in the Esplanade Grande, offering waterfront views.

Property Details for 201 Narcissus Ave

Property type
Retail properties, Retail space
Square Feet
2,500 SF
Year Built
2004
Units
40

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.711922483417
Longitude
-80.050731788256
201 Narcissus Ave, West Palm Beach, Florida

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Contacts

Paul Snitkin
Paul Snitkin
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201 Narcissus Ave, West Palm Beach, Florida, 33401

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

201 Narcissus Ave
  • Paul Snitkin
    Paul Snitkin
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