1720 East Tiffany Dr West Palm Beach, FL 33407
For Sale
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Property summary
This exceptional 19,344-square-foot office building in West Palm Beach, Florida, presents a compelling investment opportunity for both owner-users and value-add investors. Located at 1720 E Tiffany Drive, this two-story building boasts a prime location, just blocks from I-95, between Congress Avenue and Australian Avenue, and conveniently close to JFK Medical Center and St. Mary's Medical Center. Built in 1989 and extensively renovated in 2023, the property features a 100% occupancy rate with existing tenants, offering immediate income potential. The building's amenities include ample parking (3.6 spaces per 1,000 sq ft), well-maintained common areas, and office spaces with abundant natural light and direct elevator access. The 1.12-acre lot is zoned PCC. The asking price is $4,500,000, representing a compelling $232.63 per square foot and an attractive 8.55% cap rate. This fully occupied property offers the flexibility for an owner-user to occupy space currently leased, while also providing a strong foundation for value-add investors seeking to capitalize on the existing income stream and potentially increase rental revenue. The property's strategic location within West Palm Beach, a thriving market with a favorable business environment, provides access to a highly desirable demographic and excellent amenities. The building's proximity to major highways and airports further enhances its appeal. This is a rare opportunity to acquire a high-quality, well-maintained office building in a sought-after location.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
The intent of the PCC District is to encourage the development of planned and unified office, research, business, flex use, distribution center, transportation facilities, public community center and expanded commercial…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the West Palm Beach market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
PCC · Mangonia Park, FLThe intent of the PCC District is to encourage the development of planned and unified office, research, business, flex use, distribution center, transportation facilities, public community center and expanded commercial…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PCC in Mangonia Park, FL.
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Find the owner behind the property.
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