5501 Broadway ,Mixed Use for Sale

5501 Broadway for Sale

Price $1,500,000.00

• Lot size 9474
• Year Build 1955
• Waterfront
• Zip 33407
• Style
• Parking Description Common
• Pool Yes
• Status Active

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.

Call LA for details and showings. Do not disturb the tenants. Portfolio sale with listing MLS #A11635844

NORTH PALM BCH PL 4 LTS 5 THRU 8 (LESS E 7.2 FT BROADWAY R/W) BLK 62

City Location, In Residential Area

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.

City:West Palm Beach,Zoning:BMUD TYP,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2023,Electric:1:220 Volts,Latitude:26.7598893,Cooling Y N:1,Heating Y N:1,List Price:1500000,Listing Id:A11635878,Longitude:-80.0557365,Mls Status:Active,Year Built:1955,Inclusions:Building & Land,Postal Code:33407,Street Name:Broadway,Coordinates:1:26.7598893,Lot Features:1:In Residential Area,Photos Count:15,Business Type:1:Store/Warehouse Combination,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:5420,On Market Date:2024-08-05,Parcel Number:74434304080620050,Property Type:Commercial Sale,Stories Total:1,Street Number:5501,Public Remarks: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.,Structure Type:1:Free Standing,County Or Parish:Palm Beach County,List Office Name:The Keyes Company,Private Remarks:Call LA for details and showings. Do not disturb the tenants. Portfolio sale with listing MLS #A11635844,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2603,Property Sub Type:Mixed Use,State Or Province:FL,Tax Annual Amount:9513,Unparsed Address:5501 Broadway, West Palm Beach FL 33407,Listing Agreement:Exclusive Right To Sell,Building Area Total:3034,Building Area Units:Square Feet,Lot Size Square Feet:9474,Original List Price:1500000,I D X Participation Y N:1,Syndication Remarks: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.,Listing Contract Date:2024-08-05,Originating System I D:miamire,Showing Instructions:24 Hour Notice,Appointment Only,Call Listing Agent,Street Number Numeric:5501,Tax Legal Description:NORTH PALM BCH PL 4 LTS 5 THRU 8 (LESS E 7.2 FT BROADWAY R/W) BLK 62,Electric On Property Y N:1,Construction Materials:1:CBS Construction,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:0,M I A M I R E_ Internet Remarks:Explore this exceptional redevelopment opportunity in the heart of the Broadway Corridor CRA. This combined 22,812 SF parcel permitted mixed-use.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-08-05,Internet Address Display Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution NOT Required,M I A M I R E_ Attribution Contact:954-707-1307,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2.5%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,