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Renovated Historic Office Condo
For Sale
$499,000

703-120 S Olive Ave, West Palm Beach, FL 33401

Downtown office condominium renovated within the past five years with a new HVAC system.

Property SizeContact for details
Days on Market82

Property Features for 703-120 S Olive Ave

General Information

Standard status Active

Site & Location

Highway Access Yes
Public Transit Yes

Taxes and HOA fees

Annual Taxes $6,611

Building Details

Year Built 1922
Listing Agency: Higher Standards Real Estate
Listed By: Christine Velez · License #674035
Source: Exprealty
Added: Jun 19 Changed: Sep 7 Last Checked: Sep 7 at 3:01PM

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 Higher Standards Real Estate

Investment Insights

Based on property information with market context.

This office condominium occupies space in the Guaranty Building, a 1922 property designed by architects Harvey and Clarke. The office measures over 1,000 square feet and was renovated within the past five years, including installation of a new HVAC system. Architectural details from the building’s original era remain part of the setting.

The property is located at 703-120 S Olive Ave in downtown West Palm Beach, with walking access to the waterfront, dining, shopping, entertainment, and cultural attractions. Brightline, Tri-Rail, and I-95 are nearby, while Palm Beach International Airport is approximately a 10-minute drive away. The office condominium format provides an ownership option for a professional workspace in a well-established downtown building.

Key Highlights

  • Over 1,000 square feet of office space
  • Renovated within the past five years
  • New HVAC system installed

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Pet Grooming Service Locksmith Tanning Salon Restaurant

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

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

4,486
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 units - Downtown office condominium renovated within the past five years with a new HVAC system.
Where is this office units located?
The property is located at 703-120 S Olive Ave West Palm Beach, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Over 1,000 square feet of office space; Renovated within the past five years; New HVAC system installed
More about this property
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