201 Narcissus Ave West Palm Beach, FL 33401
This exceptional 2,540 square foot ground floor commercial unit, located in the prestigious Esplanade Grande in downtown West Palm Beach, Florida, presents a rare investment opportunity. Boasting a prime waterfront location overlooking Historic Palm Beach Island, this property offers stunning views and unparalleled access. The unit features 13-foot ceilings, impact glass, and includes six private underground parking spaces. Building amenities include 24-hour access to the main lobby, restrooms, concierge, and valet parking. Owners also enjoy access to a fourth-floor gym and wellness center, hot tub, showers, a 360-degree rooftop garden with outdoor gathering areas, a pool, and an air-conditioned event lounge. The property is currently 100% occupied under an Absolute NNN lease with one year remaining. Built in 2004, this single-tenant retail space is listed at $2,750,000 with a 7.00% cap rate. The address is 201 S Narcissus Ave, West Palm Beach, FL 33401. This is a unique opportunity to acquire a high-quality commercial property in a highly desirable location.
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Sceneworks Studios Recording Studio
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Hayes Legal Nursing Consultants & Associates Employment Agency
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PB Princesses By The Sea Hotel & Motel Resort
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Esplanade Grande Condo Condominium Complex
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Gracie Street Interior Design, Inc. Interior Design Home Decor Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.