Property profile

218 Worth Ave Palm Beach, FL 33480

OFF-MARKET
Commercial real estate
Property ID
US18-1668094
6,058 SF 0.25 ac lot Built 1925
Entity Owned 25-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 8,440-square-foot flex space at 218 Worth Avenue in Palm Beach, Florida, presents a unique investment opportunity. Located in the heart of Palm Beach's prestigious Worth Avenue, this single-tenant industrial property is zoned C-WA-COMMERCIA (APN: 50434323050180190). The property features a versatile layout ideal for a variety of commercial uses, complemented by residential-style amenities. The space includes three bedrooms and two bathrooms, offering flexibility for both business operations and comfortable living arrangements. Natural light floods the upstairs apartment, enhancing its appeal. Two private entrances provide convenient access and privacy. A spacious screened patio with a wet bar is perfect for entertaining clients, hosting meetings, or enjoying personal relaxation. Its prime location above Brunello Cucinelli and across from a soon-to-open Thomas Keller restaurant ensures high visibility and proximity to luxury retail and dining. This property offers a rare blend of upscale living and commercial potential in an unparalleled Palm Beach location. The property's zip code is 33480. The lot size is not specified.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1925
Construction CONCRETE
Total area 6,058 SF
Lot 0.25 ac (10,912 SF)
Zoning code C-WA
APN 50-43-43-23-05-018-0190
UPID US18-1668094

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing & Fashion Store

Location

218 Worth Ave Palm Beach, FL 33480-4690
Palm Beach metro Census 3513 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.85M
Blend (final) Blend
$2.88M

Owner & transaction history

since 2001
7 recorded transactions
2026
Price N/A
2016
Price N/A
2014
Price N/A
2001
$7.2M
1997
$5.0M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-WA · Palm Beach, FL
Zoning description

The purpose of the C-WA Worth Avenue district is to preserve and enhance an area of unique quality and character oriented to pedestrian comparison shopping and providing a wide range of retail and service establishments,…

General category COMMERCIAL
Top alternative use upside
Restaurant $4.2M +46.8%
Apartment house (5+ units) $4.2M +45.8%
Auto repair, garage $3.0M +5.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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