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Office & Retail Air-Rights Portfolio
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401 N Rosemary Avenue, West Palm Beach, FL 33401

Redevelopment portfolio with five stories of air rights along North Rosemary Avenue in downtown West Palm Beach.

Property Size5,452 SF
Price / SF$3,668
Days on Market263

Property Features for 401 N Rosemary Avenue

General Information

Standard status Active
Size 5,452 SF
Property subtype Office, Business for Sale, Retail, Special Purpose

Building Details

Year Built 1925
Listing Agency: The Keyes Company Palm Beach Gardens
Listed By: Carmella Smith · License #3229139
Source: Crexi
Added: Nov 14, 2025 Changed: Jul 10 Last Checked: Aug 3 at 8:18AM

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 The Keyes Company Palm Beach Gardens

Investment Insights

Based on property information with market context.

This for-sale redevelopment portfolio includes multiple adjacent properties at 401, 403, 405, 407, 409, 411, and 413 North Rosemary Avenue. The offering includes 5 stories of air rights, creating a platform for vertical development while retaining the assembled footprint.

The portfolio is located in Downtown West Palm Beach, Florida, and is presented as one transaction. The seller indicates the property will not be subdivided or sold separately, which supports an all-at-once approach for buyers seeking an assembled redevelopment site.

For investors and developers, the combination of a consolidated set of addresses and the available air rights makes this portfolio well-suited for plans that require upward expansion or redevelopment of an existing multi-parcel presence. The structure of the offering should appeal to buyers looking to move forward with a single, coordinated acquisition rather than acquiring individual parcels on a piecemeal basis. All submissions will be reviewed.

Key Highlights

  • Redevelopment real estate portfolio at 401–413 N Rosemary Ave in Downtown West Palm Beach (6 parcels: 401, 403, 405, 407, 409, 411, 413).
  • Includes 5 stories of air rights for future vertical expansion.
  • Offered as one transaction and will not be subdivided or sold separately.

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
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Frequently Asked Questions

What type of property is this?
Office building - Redevelopment portfolio with five stories of air rights along North Rosemary Avenue in downtown West Palm Beach.
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: Redevelopment real estate portfolio at 401–413 N Rosemary Ave in Downtown West Palm Beach (6 parcels: 401, 403, 405, 407, 409, 411, 413).; Includes 5 stories of air rights for future vertical expansion.; Offered as one transaction and will not be subdivided or sold separately.
More about this property
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