Technical
Financial
Distress signals
Property profile

2311 Broadway Riviera Beach, FL 33404

OFF-MARKET
Retail space
Property ID
US18-3423782
5,556 SF 0.45 ac lot Built 1958
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1958
Construction CONCRETE
Total area 5,556 SF
Lot 0.45 ac (19,419 SF)
Zoning code DC
APN 56-43-42-28-24-001-0160
UPID US18-3423782

Cap rate & NOI

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

Location

2311 Broadway Riviera Beach, FL 33404-4530
Riviera Beach metro Census 1500 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.24M
CAP Approach CAP
$1.45M
Comparable Approach Comparable
$1.84M
Blend (final) Blend
$1.22M

Owner & transaction history

since 2025
Last sale
$1.5M
2 recorded transactions
2025
$1.5M
2015
Price N/A

Zoning & alternative use

DC · Riviera Beach, FL
General category COMMERCIAL

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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