Retail Property in Dense
3700 Broadway Riviera Beach, FL 33404
For Sale
$9,999,000
Pending
Retail property for sale in a dense retail corridor with average daily traffic of about 22,000 cars per day.
Property Size48,672 SF
Days on Market2272
Property Features for 3700 Broadway
General Information
Standard status
Pending
Size
48,672 SF
Property subtype
General Commercial
Building Details
Year Built
2004
Listing Agency:
Morgan Whitney Inc
(305) 345-3738
Listed By:
Jackeline Londono · License #0661728
(305) 345-3738
Source:
Xome
Added: May 8, 2020
Changed: Jul 25
Last Checked: Jul 25 at 3:57AM
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 Morgan Whitney Inc
Investment Insights
Based on property information with market context.
This for-sale retail property at 3700 Broadway in Riviera Beach, FL offers a strategic presence within a dense retail corridor. The site is positioned within walking distance to retail and banks, supporting everyday neighborhood-level visibility.
Public remarks also note strong average daily traffic of approximately 22,000 cars per day. The combination of corridor retail adjacency and high passing traffic makes the property suitable for retail tenants seeking consistent exposure.
Public remarks also note strong average daily traffic of approximately 22,000 cars per day. The combination of corridor retail adjacency and high passing traffic makes the property suitable for retail tenants seeking consistent exposure.
Key Highlights
- Retail property built in 2004
- Located within a dense retail corridor with average daily traffic of about 22,000 cars per day
- Walking distance to retail and banks
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.28M | $26.40 |
| − Vacancy | −$109.2k | −$2.24 |
| EGI | $1.18M | $24.16 |
| − OpEx | −$352.7k | −$7.25 |
| NOI | $823.0k | $16.91 |
48,672 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$11.76M
$10.29M – $13.72M
NOI $823,005 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$34.28M
$29.99M – $39.99M
NOI $2,399,428 @ 7.0% cap · market cap 24.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail property for sale in a dense retail corridor with average daily traffic of about 22,000 cars per day.
Where is this retail space located?
The property is located at 3700 Broadway Riviera Beach, FL.
What is the asking price?
The asking price for this property is $9,999,000.
What are key features of this property?
This property features: Retail property built in 2004; Located within a dense retail corridor with average daily traffic of about 22,000 cars per day; Walking distance to retail and banks
