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    5900 Broadway West Palm Beach, FL 33407

    Sponsored
    For Sale
    $2,150,000

    Prime location, vacant, redevelopment opportunity.

    Property size:
    4,158 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,158-square-foot mixed-use property at 5900 Broadway, West Palm Beach, FL 33407, presents a unique redevelopment opportunity. Currently vacant, this single-story, 1962-built building sits on a lot with 30 parking spaces and boasts over 200 feet of frontage on US Highway 1, providing easy access to both Downtown West Palm Beach and North Palm Beach. Zoned BMUD-II, the property is ideally positioned to benefit from recent (June 2024) changes to Land Development Regulations, allowing for retail, professional offices, and the potential for over 30 residential units. This aligns perfectly with the City of West Palm Beach's initiative to revitalize the Broadway Corridor into a vibrant mixed-use community. The property's strategic location and the City's support through the CRA create a compelling investment opportunity for developers and businesses seeking to contribute to a thriving, dynamic community. The asking price is $2,150,000. The property features one building on a lot with a size not specified in the provided information.

    Property Features for 5900 Broadway

    General Information

    Property type
    Mixed-use properties
    Square Feet
    4,158 SF

    Building Details

    Year Built
    1962
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 4,158 SF mixed‑use building in West Palm Beach, FL.
    • Vacant, single‑story building built in 1962.
    • 30 parking spaces and over 200 feet of US Highway 1 frontage.
    • BMUD‑II zoning allows for retail, offices, and potentially over 30 residential units.
    • $2,150,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    International Bankers Mortgage Mortgage Lender Interstate Movers Palm ... Mover

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -80.055178830431
    Latitude
    26.762407564658

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    FAQs

    What type of property is this?
    Mixed-use property - Prime location, vacant, redevelopment opportunity.
    Where is this mixed-use property located?
    The property is located at 5900 Broadway West Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: 4,158 SF mixed-use building in West Palm Beach, FL.; Vacant, single-story building built in 1962.; 30 parking spaces and over 200 feet of US Highway 1 frontage.
    Request Owner's contact information
    5900 Broadway West Palm Beach, FL 33407
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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
    5900 Broadway West Palm Beach, FL 33407
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