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Property profile & analytics
OFF-MARKET
Retail space

1601 Broadway Riviera Beach, FL 33404-5627

2,134 SF 0.11 ac lot Built 1948
Entity Owned 9-yr Hold Free & Clear
Property ID
US18-5413105
Property summary
AI-generated overview

This exceptional 2,134 square foot free-standing building presents a unique opportunity for a single tenant. Situated on the corner of Broadway and 16th Street in Riviera Beach, Florida, this property boasts unparalleled visibility and high traffic counts. Its strategic location places it directly across from the new Valhalla boat center, Viking Yachts, and the Riviera Beach Marina, ensuring significant exposure to a high-traffic area. The building's proximity to the Port of Palm Beach further enhances its appeal and accessibility. The property is zoned CG (city) and features a single suite within the building. The APN is 56434233040060051. This industrial/retail space is ideal for a variety of businesses seeking a prominent location with excellent visibility. While parking is limited, the high traffic volume and prime location more than compensate. Attractive rent concessions are available for qualified tenants, and long-term lease options are being offered. This is a rare opportunity to secure a highly visible and strategically located property in a thriving waterfront community. The property is classified as both flex and warehouse space, offering versatility for a range of business needs.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1948
Construction WOOD
Total area 2,134 SF
Lot 0.11 ac (4,961 SF)
Zoning code DC
APN 56-43-42-33-04-006-0051
UPID US18-5413105
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Zacree LLC · 9 yrs held
Zacree LLC
since 2017
2 recorded transactions
2017
$215,000
2007
Price N/A
Zoning & alternative use
DC · Riviera Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name Downtown Core
General category COMMERCIAL
Zone area 117.03 ac
Source Realmo
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