$ 1,250,000
5501 Broadway West Palm Beach, FL 33407
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,250,000
Est. payment /mo
Price Dropped by $250K
5501 Broadway West Palm Beach, FL 33407
3,034 SqFt
UPDATED:
11/21/2024 03:48 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,034 sqft
Price per Sqft $411
MLS Listing ID A11635878
HOA Y/N No
Year Built 1955
Annual Tax Amount $9,513
Tax Year 2023
Lot Size 9,474 Sqft
Property Description
Explore this exceptional redevelopment opportunity in the heart of the Broadway Corridor CRA. This combined 22,812 SF parcel permitted mixed-use allows for the construction of a three-story building, offering the flexibility to develop a dynamic combination of residential, commercial, and retail spaces. The location benefits from high traffic visibility and strong growth potential, enhanced by its position within a designated Community Redevelopment Area. The Opportunity Zone designation further provides significant tax incentives and development benefits, making this property an attractive investment. Ideal for developers seeking to capitalize on the strategic location and favorable zoning regulations. Don’t miss this unique opportunity to shape the future of the Broadway Corridor.
Location
State FL
County Palm Beach
Area 5420
Interior
Heating Central, Electric
Cooling Central Air
Exterior
Waterfront No
Roof Type Tar/Gravel
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick,Block
Others
Tax ID 74434304080620050
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Listed by The Keyes Company