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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

201 Narcissus Ave West Palm Beach, FL 33401

Built 2004
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2004
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sceneworks Studios Recording Studio
  • Hayes Legal Nursing Consultants & Associates Employment Agency
  • PB Princesses By The Sea Hotel & Motel Resort
  • Esplanade Grande Condo Condominium Complex
  • Gracie Street Interior Design, Inc. Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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