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FL
Mangonia Park
33407
1720 Tiffany Dr

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FOR SALE

Office buildings

1720 East Tiffany Dr West Palm Beach, FL 33407

19,344 SF 1.12 ac lot Built 1989

Entity Owned ~ Est. High Equity

Property ID

US19-0712098

$3,070,000 19,344 SF

1720 East Tiffany Dr, West Palm Beach, FL 33407
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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.