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Office Building with Air Rights
For Sale
$20,000,000

401 N Rosemary Avenue, West Palm Beach, FL 33401

SINGLE_FAMILY - West Palm Beach, FL

Property Size5,452 SF
Lot Size0.21 Acres
Price / SF$3,668
Days on Market296

Property Features for 401 N Rosemary Avenue

General Information

Property type Residential
Property subtype Office
Zoning NWD-5
Bathrooms 5
Full bathrooms 5
Rooms Bathroom 4, Bathroom 1, Bathroom 5, Bathroom 2, Bathroom 3
Directions I95 to exit 70 to Okeechobee Blvd. toward Downtown West Palm Beach, heading East for about 1.5 miles. Turn left onto S Rosemary Avenue, continue N to 401 N Rosemary Ave on the left. (near 4th)
Subdivision 5420
Standard status Active
APN 74434321060260192
Size 5,452 SF
Lot size 0.21 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description CLOWS ADD N 14 FT E 16.1 FT OF S 62.8 FT OF N 76.8 FT, E 5 FT OF S 63.2 FT OF LT 19 & LT 20/LESS N 1.60 FT/ BLK 26
Tax Annual Amount 14902
Legal Description CLOWS ADD N 14 FT E 16.1 FT OF S 62.8 FT OF N 76.8 FT, E 5 FT OF S 63.2 FT OF LT 19 & LT 20/LESS N 1.60 FT/ BLK 26

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Electric, Central Air
Water source Public

Building Details

Year built 1925
Floors in Building 1
Number of units 7
Listing Agency: The Keyes Company (PBG)
Listed By: Carmella Smith · License #3229139
Added: Nov 6, 2025 Changed: Aug 1 Last Checked: Aug 29 at 9:06PM
MLS# R11138384

Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Office building redevelopment portfolio located at 401, 403, 405, 407, 409, 411, and 413 North Rosemary Avenue, West Palm Beach. The offering includes structures with five stories of air rights and is being sold as one transaction and not subdivided.

The portfolio sits on a 0.21-acre lot and includes 5,452 square feet. The buildings were constructed in 1925 and feature central heating, with electric and central air cooling. Public water and public sewer services are available.

Zoning is NWD-5, supporting redevelopment and future vertical expansion considerations tied to the available air rights. Submissions are reviewed as part of the offering as a single package.

Key Highlights

  • Five stories of air rights included across 401–413 N Rosemary Avenue
  • Zoned NWD‑5
  • 5,452 SF office building portfolio on a 0.21‑acre lot

Property Analytics

Current Use

BDS CATERING & PRODUCTIONS ... Take-out & Catering Meyer Legal Services Law Firm West Palm Beach ... Association / Organization Urban Growers CEDC Association / Organization Stellar Marketing and Business ... Advertising Agency

Suggested Use

Top Pick Pet Grooming Service Veterinary Clinic (Bike/Boat/Book/etc) Store Locksmith Auto Parts Store Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,514
Businesses Nearby

Demographics for 33401, FL

31,302
Population
19,051
Households
1.6
Avg Household Size
40
Median Age
42%
College-Educated
89%
High-School Grad
5.1 sq mi
ZIP Area
6,138
Density / Sq Mi
$60,942
Median Household Income
$39,932
Median Earnings
$1,774
Median Rent
$430,900
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Office building portfolio with public water and public sewer, zoning NWD-5, and central electric HVAC services.
Where is this office building located?
The property is located at 401 N Rosemary Avenue West Palm Beach, FL.
What is the asking price?
The asking price for this property is $20,000,000.
What are key features of this property?
This property features: Five stories of air rights included across 401–413 N Rosemary Avenue; Zoned NWD‑5; 5,452 SF office building portfolio on a 0.21‑acre lot
More about this property
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