5501 BroadwayWest Palm Beach, FL 33407

Property Details for 5501 Broadway

Year built

1955

Construction

CONCRETE

Lot size

0.22 AC

Property size (Sq ft)

3,034 SF

Zone code

BMUD- II

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

74-43-43-04-08-062-0050

APU

74434304080620050

Description

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.

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7598

Longitude

-80.0557

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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