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Property profile

5015-5059 Okeechobee Blvd West Palm Beach, FL 33417

OFF-MARKET
Restaurants
70,604 SF
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Property summary

AI-generated overview

Village Marketplace offers exceptional restaurant space in West Palm Beach, Florida. This vibrant, fully renovated shopping center boasts four available units ranging from 1,061 to 4,292 square feet, situated within a 70,604 square foot building at 5015-5059 Okeechobee Boulevard, at the intersection of Okeechobee Boulevard and Haverhill Road in Palm Beach County (zip code 33417). The property benefits from a high-traffic location, with over 80,000 vehicles passing daily. Recent improvements include a new facade and sidewalk paint, a repaved parking lot, and updated landscaping. This prime retail location enjoys the established presence of successful businesses such as Guitar Center, Family Dollar, and LaBrasa Rotisserie & Grill. The property's strategic position is further enhanced by the planned development of nearly 700 townhomes directly behind the shopping center in 2024, promising increased foot traffic and customer base. Aggressive lease rates are available for qualified tenants. This is a unique opportunity to establish or expand your restaurant business in a thriving West Palm Beach community. Contact us today to learn more about these exceptional spaces.

Property profile

Verified
Property type Restaurants
Total area 70,604 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5015-5059 Okeechobee Blvd West Palm Beach, FL 33417
West Palm Beach metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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