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    5509 Broadway West Palm Beach, FL 33407

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    For Sale
    $1,500,000

    Two adjacent commercial properties with redevelopment potential in West Palm Beach.

    Lot size:
    0.52 Acres

    Property Features for 5509 Broadway

    General Information

    Lot size
    0.52 Acres

    Building Details

    Year built
    1948

    Source: Align Right Realty K1 Group Agent Karen Lewis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Palm Beach Investment Opportunity

    This listing features two adjacent commercial properties located at 5501 & 5509 W Broadway in West Palm Beach. The properties, being sold together, have folio numbers 74434304080620050 and 74434304080620010. The combined land size is 22,812 sq. ft., which is approximately 0.53 acres. The total building area is approximately 5,147 sq. ft. Located along Broadway Avenue, the site offers visibility and accessibility, and is situated minutes from Downtown West Palm Beach, the Northwood Historic District, and I-95. The properties are suitable for retail, office, medical, professional, or redevelopment purposes. This offering is ideal for investors, developers, or owner-users seeking a strategically located mixed-use opportunity in a growing commercial corridor.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0557145
    Latitude
    26.7600073

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    FAQs

    What type of property is this?
    Commercial land - Two adjacent commercial properties with redevelopment potential in West Palm Beach.
    Where is this commercial land located?
    The property is located at 5509 Broadway West Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Two adjacent commercial properties being sold together, offering a combined 5,147 sq. ft. building area and 22,812 sq. ft. land size.; - Located on high-traffic Broadway Avenue with excellent visibility and accessibility.; - Offers endless potential for retail, office, medical, professional, or redevelopment purposes.
    (954) 248-9149
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    5509 Broadway West Palm Beach, FL 33407
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5509 Broadway West Palm Beach, FL 33407
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