2311 Broadway Riviera Beach, FL 33404-4530
Property profile & analytics
2311 Broadway, Riviera Beach, FL 33404-4530
- Retail space
- 5,556 SF
- 0.45 lot acres
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.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 2311 Broadway
- Year built
- 1958
- Construction
- CONCRETE
- Lot size
- 0.45 lot acres
- 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 -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,215,000 Current use
- OFFICE BUILDING
- $2,205,000 Change: -1% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $2,195,000 Change: -1% Conversion: Moderate
- MEDICAL BUILDING
- $2,190,000 Change: -1% Conversion: Difficult
Get a detailed, property-specific estimation — 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
