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    120 Olive Ave West Palm Beach, FL 33401

    Sponsored
    For Sale
    $275,000

    Iconic Landmark Building, 631 SF

    Property size:
    631 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 631-square-foot office space is situated within the prestigious Guaranty Building, a landmark in downtown West Palm Beach, Florida. Located at 120 S Olive Avenue, zip code 33401, this property boasts a prime corner location offering excellent visibility and accessibility. Built in 1925, the building maintains its historic charm while offering modern functionality. The office is currently occupied, so please do not disturb the tenant. The asking price for this unique opportunity is $275,000. The space is available for sale with or without the existing furniture. This is a rare chance to own a piece of West Palm Beach history in a highly desirable location. The property is part of a larger building with 60 units in total, though the lot size is not specified. This office presents a compelling investment opportunity in a thriving downtown area. The property's address is verified as 120 S Olive Avenue, West Palm Beach, Palm Beach County, Florida. Its precise coordinates are latitude 26.7125081 and longitude -80.0517023. Serious inquiries only.

    Property Features for 120 Olive Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    631 SF

    Building Details

    Year Built
    1925
    Units
    60

    HighLights

    • $275,000 asking price.
    • 631 square foot office space.
    • Located at 120 S Olive Avenue, West Palm Beach, FL 33401.
    • Situated in the Guaranty Building, a landmark downtown building.
    • Currently occupied; please do not disturb tenant.
    • Furniture may be included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ocean Capital Lending, ... Mortgage Lender Brian L Kimber, ... Attorney Ocean Capital Real ... Real Estate Agency kolinou Beauty Supply Store Kenny Leigh & Associates Divorce Lawyer

    Suggested Use

    Restaurant Spa & Massage Dental Office Realty agency Hair Salon Nail Salon Food Market Grocery Store Clothing Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0517023
    Latitude
    26.7125081

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    FAQs

    What type of property is this?
    Office Property / Space - Iconic Landmark Building, 631 SF
    Where is this office property / space located?
    The property is located at 120 Olive Ave West Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: $275,000 asking price.; 631 square foot office space.; Located at 120 S Olive Avenue, West Palm Beach, FL 33401.
    Request Owner's contact information
    120 Olive Ave West Palm Beach, FL 33401
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    West Palm Beach, FL 33401
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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
    120 Olive Ave West Palm Beach, FL 33401
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