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Property profile & analytics

2311 Broadway Riviera Beach, FL 33404-4530

  • Retail space
  • 5,556 SF
  • 0.45 lot acres
OFF-MARKET
Last Sale
Jan 06, 2025
$1,450,000
Value Estimations
$1,395,000
Show details
Cap Rate Potential
7.7%
Retail space
Location Intelligence
Property ID
US18-3423782
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Retail space

Property Details for 2311 Broadway

Year built
1958
Construction
CONCRETE
Lot size
0.45 lot acres
Property size
5,556 SF
Zone code
DC
Property type
Retail space
APN
56-43-42-28-24-001-0160
APU
56434228240010160

Description

This exceptional 6,536 square foot storefront, located at 2311 Broadway in Riviera Beach, Florida, presents a compelling investment opportunity. Currently vacant with an occupancy date of October 15, 2024, this single-story, Class C building sits on a substantial 19,800 square foot lot. Built in 1958, the property boasts excellent visibility and high traffic counts of 28,500 vehicles per day (VPD) due to its prime Broadway frontage. Zoned DC, Downtown Core, this location allows for high-density development, making it an ideal candidate for redevelopment or continued use as a retail space. The property offers ample on-site parking, a significant advantage in a high-traffic area. The asking price is $1,725,000, representing an owner/user investment opportunity. This property is perfect for a business seeking a high-visibility location with significant development potential in a thriving area of Riviera Beach. The building's single-unit configuration provides flexibility and ease of management. Its location within Palm Beach County, Florida, and its proximity to the city's core, ensures strong potential for future growth and return on investment. This is a rare opportunity to acquire a well-positioned retail property in a dynamic market.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,215,000
    ML approach
    $1,240,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,565,000
    6.5%
    $1,445,000
    7%
    $1,340,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,840,000
    Market price range: $1.24M - $3.62M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Riviera Beach
County
Palm Beach
State
Florida
Longitude
-80.0553
Latitude
26.7816
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,257
$189,640
$523,213
$712,853
-
$189,640
$523,213
$712,853
More about this property
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