For Sale
$1,500,000

5509 BroadwayWest Palm Beach, FL 33407

Prime Redevelopment Opportunity, High Growth Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 22,812 square foot mixed-use property in West Palm Beach, Florida, presents a compelling redevelopment opportunity. Located at 5509 Broadway, within the Broadway Corridor CRA and an Opportunity Zone, this site offers significant tax incentives and development benefits. Built in 1948, the property is zoned to allow for the construction of a three-story building, providing flexibility for a dynamic mix of residential, commercial, and retail spaces. The high-traffic location ensures excellent visibility and strong growth potential. This strategic location, combined with favorable zoning regulations, makes this an attractive investment for developers seeking to capitalize on the area's revitalization. The asking price is $1,500,000. This unique opportunity allows for the creation of a landmark development within a thriving community, benefiting from the ongoing improvements and investment in the Broadway Corridor. The property's potential is further enhanced by its position within a designated Community Redevelopment Area, promising continued growth and development in the surrounding neighborhood. Don't miss this chance to shape the future of West Palm Beach's vibrant Broadway Corridor. The property's address is 5509 Broadway, West Palm Beach, FL 33407.

Highlights

  • $1,500,000 asking price.
  • Mixed-use, retail property.
  • 1948 construction.
  • 22,812 SF lot, permitted for three-story mixed-use development.
  • Located in West Palm Beach, FL, in the Broadway Corridor CRA.
  • Opportunity Zone designation offers significant tax incentives.

Property Details for 5509 Broadway

Property type
Retail properties, Mixed-use properties
Year Built
1948

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.7600106
Longitude
-80.0557193
5509 Broadway, West Palm Beach, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
5509 Broadway
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message