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    218 Worth Ave Palm Beach, FL 33480

    Sponsored
    For Lease
    $13 SF/Yr

    Prime Palm Beach Flex Space, 8,440 SF

    Lot size:
    8,440 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 8,440-square-foot flex space at 218 Worth Avenue in Palm Beach, Florida, presents a unique investment opportunity. Located in the heart of Palm Beach's prestigious Worth Avenue, this single-tenant industrial property is zoned C-WA-COMMERCIA (APN: 50434323050180190). The property features a versatile layout ideal for a variety of commercial uses, complemented by residential-style amenities. The space includes three bedrooms and two bathrooms, offering flexibility for both business operations and comfortable living arrangements. Natural light floods the upstairs apartment, enhancing its appeal. Two private entrances provide convenient access and privacy. A spacious screened patio with a wet bar is perfect for entertaining clients, hosting meetings, or enjoying personal relaxation. Its prime location above Brunello Cucinelli and across from a soon-to-open Thomas Keller restaurant ensures high visibility and proximity to luxury retail and dining. This property offers a rare blend of upscale living and commercial potential in an unparalleled Palm Beach location. The property's zip code is 33480. The lot size is not specified.

    Property Features for 218 Worth Ave

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,440 SF

    Unit(s) available at that property

    Space
    Size
    8,440 SF
    Rate per SF
    $13
    Property Profile Location Intelligence

    Current Use by Public Records

    INTERMIX Women'S Clothing Store

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0373044
    Latitude
    26.7007507

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    FAQs

    What type of property is this?
    Flex space - Prime Palm Beach Flex Space, 8,440 SF
    Where is this flex space located?
    The property is located at 218 Worth Ave Palm Beach, FL.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    Request Owner's contact information
    218 Worth Ave Palm Beach, FL 33480
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    Palm Beach, FL 33480
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    218 Worth Ave Palm Beach, FL 33480
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