Current Use by Public Records
- Land
Property Details
- Lot size
- 3.90 lot acres
- Property type
- Land
Description
This exceptional 3.9-acre commercial land parcel presents a remarkable investment opportunity in the thriving Palm Beach Gardens market. Ideally situated as an outparcel to the Promenade Shopping Plaza, a 201,545 square foot center anchored by Publix, Planet Fitness, ACE Hardware, and Bealls Outlet, this property benefits from high visibility and significant traffic. Located on Alternate A1A, between PGA Blvd and Northlake Blvd, the site enjoys a prominent position at the plaza's entrance, complete with a traffic signal at the intersection. Daily traffic counts exceed 25,500 vehicles. The surrounding area boasts a densely populated residential market with average annual household incomes exceeding $80,000 within a 5-mile radius, ensuring a strong customer base. This outparcel includes a full reciprocal easement agreement with the Promenade Shopping Center, providing seamless access and integration. Successful neighboring outparcels include Mobil, Wells Fargo Bank, McDonald's, Miller's Ale House, and Mr. Bubbles, demonstrating the area's strong commercial appeal. The property's Commercial zoning allows for a variety of development options, making it perfect for multi-family development or other high-demand commercial uses. The asking price is $5,250,000. This is a rare opportunity to acquire a highly desirable commercial land parcel in a prime Palm Beach Gardens location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palm Beach Gardens
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0835
- Latitude
- 26.821
