114 S Olive Ave West Palm Beach, FL
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Historic mixed-use building in downtown West Palm Beach with liquor license.
Type:RETAIL
Property size:
13,083 SFLot size:
0.12 AcresPrice / SF:
$986/SF- Added:
- May 2, 2025
- Days on Market:
- 364
- Last Refresh:
- Apr 5 at 9:22 pm
Property Features for 114 S Olive Ave
General Information
- Standard status
- Active
- Size
- 13,083 SF
- Lot size
- 0.12 Acres
- Property subtype
- RETAIL
Listing agent Mark M. Rubin (561) 302-2511
Listing office Colliers | Boca Raton (561) 302-2511
Listing date May 2, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Boca Raton
Overview
Historic Mixed-Use Building For Sale
This historic mixed-use building, constructed in 1923, offers 13,083 square feet of space on a 0.11-acre parcel in downtown West Palm Beach. The three-story building is located on Olive Avenue, a major north-south thoroughfare. Situated in a highly desirable submarket, the property benefits from a surrounding population of approximately 15,181 residents within a 1-mile radius, with an average annual household income of approximately $138,680 and an anticipated population growth rate of nearly 40% over the next five years. The location provides access to the downtown West Palm Beach culture and lifestyle, attracting major tenants and corporate relocations. Renovations in 2016 and 2018 included structural, electrical, hurricane impact glass, and plumbing upgrades, enabling the addition of two stories, bringing the total building height to the maximum allowance of five stories in the Clematis waterfront district. Previously home to the American National Bank during the 1920s, the property is currently tenanted by Banko Cantina. A full liquor license (4COP) is included in the sale, allowing for the sale and consumption of beer, wine, and spirits on the premises. The current tenant's lease is month-to-month, with the possibility of extension. This property is suitable for an owner-user or family office seeking a historic building in a thriving market. The building features a historically designated and charming facade.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Banko Cantina
Bar & Pub
Similar Places Nearby
- Starbucks — 300 Pembroke Pl, West Palm Beach, FL 33401
- CityPlace Live Entertainment — 700 S Rosemary Ave, West Palm Beach, FL 33401
- Buccan — 350 S County Rd, Palm Beach, FL 33480
- Renato's — 87 Via Mizner, Palm Beach, FL 33480
- Le Bar à Vin — 380 S County Rd, Palm Beach, FL 33480
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0517
- Latitude
- 26.7127
Nearby Similar for Sale
FAQs
What type of property is this?
Bar & Pub - Historic mixed-use building in downtown West Palm Beach with liquor license.
Where is this bar & pub located?
The property is located at 114 S Olive Ave West Palm Beach, FL.
What is the asking price?
The asking price for this property is $12,900,000.
What are key features of this property?
This property features: **Full liquor license (4COP) included**, a rare and valuable asset.; **Prime location in the heart of downtown West Palm Beach**, a highly sought‑after submarket.; Renovations completed in 2016 and 2018 to structural, electrical, hurricane impact glass and plumbing, enabling the addition of two stories.
