West Palm Beach Development
For Sale
$60,000
215 5th Street, West Palm Beach, FL 33401
Development opportunity with intracoastal views, multiple possibilities.
Property Size28,066 SF
Price / SF$2.14
Days on Market556
Property Features for 215 5th Street
General Information
Standard status
Active
Size
28,066 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$98,455
Amenities
3
Waterfront.
Intracoastal.
Building Details
Year Built
1927
Listing Agency:
(561) 721-2626
Listed By:
Nicklaus Vance
(561) 339-7275
Source:
Xome
Added: Feb 27, 2025
Changed: Sep 5
Last Checked: Sep 5 at 5:59AM
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 Nicklaus Vance
Investment Insights
Based on property information with market context.
This property presents an opportunity for development in West Palm Beach, featuring intracoastal views and proximity to the Breakers. The possibilities include hotel, parking garage, retail, and residential development. The city has approved construction of up to 5 stories. The property also includes a second structure at 606 N. Olive, which could be renovated and leased or redeveloped. The property size is 28066 square feet.
Key Highlights
- Prime location with intracoastal views, across from the Breakers.
- Development opportunity for hotel, parking garage, retail, or residential.
- City approval for up to 5 stories.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,490
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Dining 28%
Chase Bank
Shops & Services
5,887 visits/mo
0.3 miles
Papa John's Pizza
Dining
2,805 visits/mo
0.5 miles
Sir Speedy Print, Signs, Marketing
Shops & Services
732 visits/mo
0.3 miles
The Tire Choice
Shops & Services
683 visits/mo
0.4 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Development opportunity with intracoastal views, multiple possibilities.
Where is this commercial land located?
The property is located at 215 5th Street West Palm Beach, FL.
What is the asking price?
The asking price for this property is $60,000.
What are key features of this property?
This property features: Prime location with intracoastal views, across from the Breakers.; Development opportunity for hotel, parking garage, retail, or residential.; City approval for up to 5 stories.
