$4,750,000
$5,200,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
811 N Olive AVE West Palm Beach, FL 33401
6 Baths
6,500 SqFt
Key Details
Sold Price $4,750,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 6,500 sqft
Price per Sqft $730
MLS Listing ID R11121840
Year Built 1976
Annual Tax Amount $32,192
Tax Year 2024
Lot Size 0.440 Acres
Property Sub-Type Office
Property Description
Rare opportunity to purchase OR lease this charming, stand-alone two-story brick office building located just blocks from the NORA District, top schools, Brightline high-speed Train, Cityplace, and more! This corner lot property sits on 0.44 acre features a new roof (2024) and 27 designated surface parking spaces (including 5 covered) plus additional street parking. An Owner-user can immediately occupy 5,300 SF of the total 6,500 SF building, or purchase as an investment. Existing 1,200 SF tenant in place (lease term remaining one year, no renewal options). Currently built out as a professional law office. Asking lease rate is $35/SF NNN. Professional medical and nonmedical offices permitted - See attached Permitted Uses and Zoning LD-5—LOFTIN DISTRICT - 5 (74-WEST PALM BEACH).
Location
State FL
County Palm Beach
Area 5420
Zoning LD-5(c
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Carpet, Other, Tile
Exterior
Roof Type Tar/Gravel
Building
Lot Description City Lot, Landscaped
Building Description Brick,Concrete, Private Restrooms,Reception Area
Sewer Public Sewer
Water Public
Structure Type Brick,Concrete
New Construction No
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Randy Beth Breitman Randy B Realty LLC
NEARBY SCHOOLS & BUSINESSES
