201 Narcissus Ave West Palm Beach, FL 33401
This exceptional retail investment opportunity presents a rare chance to acquire a ground-floor commercial unit within the prestigious Explanade Grande in the heart of downtown West Palm Beach, Florida. Built in 2004, this property boasts a prime waterfront location, offering unparalleled visibility and access. The unit is part of a larger complex featuring an array of desirable amenities, including a rooftop pool, a private parking garage with six assigned spaces, a clubhouse, valet parking, 24-hour security, a wellness center, a fitness center, and rooftop gardens. A front desk adds to the building's professional and secure atmosphere. This is a first-time offering since the building's construction, representing a unique opportunity to own a piece of West Palm Beach's luxury real estate market. The asking price is $2,750,000. The property consists of 40 units, making it an ideal investment for a portfolio or a large-scale retail operation. Its location within one of downtown West Palm Beach's original luxury buildings ensures high visibility and desirability. The address is 201 S Narcissus Avenue, West Palm Beach, FL 33401.
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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.