Ground-Floor Retail
For Sale
$1,650,000
212 S Olive Ave Mu-7, West Palm Beach, FL 33411
Ground-floor retail with an in-place NNN tenant through 2034, offering flexibility for investors and owner-users.
Property SizeContact for details
Days on Market52
Property Features for 212 S Olive Ave Mu-7
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
2002
Listing Agency:
Keller Williams Realty - Wellington
(561) 818-6267
Listed By:
Melissa Borriello · License #3417485
(561) 818-6267
Source:
Elliman
Added: Jun 14
Changed: Jul 10
Last Checked: Aug 3 at 10:03AM
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 Keller Williams Realty - Wellington
Investment Insights
Based on property information with market context.
This offering is a ground-floor retail unit totaling 2,264 square feet, positioned at street level in a downtown setting. The space is currently leased under an NNN structure to a stable tenant, with the lease in place through 2034 and a five-year option. The configuration is straightforward for retail use, and the current setup may also support an owner-occupant scenario if a takeover of occupancy is pursued.
The location is at the base of the Strand building on S Olive Ave in West Palm Beach. The property is described as being in the heart of downtown, with walk and transit accessibility reflected by the provided Walk Score 37 and Transit Score 51, along with a Bike Score of 57.
For buyers or tenants evaluating retail options, the primary practical advantage is the combination of a currently leased NNN retail unit and an extended term through 2034. That structure can appeal to investors seeking income durability, while the stated possibility for owner-user occupancy provides a path for those who want to align the space with their own operations. The asset’s ground-floor format is generally well-suited to street-facing retail activity, subject to leasing and occupancy objectives.
The location is at the base of the Strand building on S Olive Ave in West Palm Beach. The property is described as being in the heart of downtown, with walk and transit accessibility reflected by the provided Walk Score 37 and Transit Score 51, along with a Bike Score of 57.
For buyers or tenants evaluating retail options, the primary practical advantage is the combination of a currently leased NNN retail unit and an extended term through 2034. That structure can appeal to investors seeking income durability, while the stated possibility for owner-user occupancy provides a path for those who want to align the space with their own operations. The asset’s ground-floor format is generally well-suited to street-facing retail activity, subject to leasing and occupancy objectives.
Key Highlights
- Ground‑floor 2,264 SF retail unit at the base of the Strand building in downtown West Palm Beach
- NNN tenant in place through 2034 with a 5‑year option
- Year built: 2002
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,624
Businesses Nearby
19k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 79%
Dining 21%
Truist
Shops & Services
6,735 visits/mo
0.5 miles
Chase Bank
Shops & Services
5,887 visits/mo
0.2 miles
Papa John's Pizza
Dining
2,805 visits/mo
0.2 miles
The UPS Store
Shops & Services
1,992 visits/mo
0.3 miles
Domino's Pizza
Dining
1,173 visits/mo
0.2 miles
Demographics for 33411, FL
74,206
Population
30,063
Households
2.5
Avg Household Size
42
Median Age
39%
College-Educated
91%
High-School Grad
34.9 sq mi
ZIP Area
2,126
Density / Sq Mi
$89,329
Median Household Income
$46,461
Median Earnings
$1,887
Median Rent
$400,900
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?
Retail space - Ground-floor retail with an in-place NNN tenant through 2034, offering flexibility for investors and owner-users.
Where is this retail space located?
The property is located at 212 S Olive Ave Mu-7 West Palm Beach, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Ground‑floor 2,264 SF retail unit at the base of the Strand building in downtown West Palm Beach; NNN tenant in place through 2034 with a 5‑year option; Year built: 2002
