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Property profile & analytics
OFF-MARKET Estimated value $1,440,000
Retail space

2311 Broadway Riviera Beach, FL 33404-4530

5,556 SF 0.45 ac lot Built 1958
Entity Owned 1-yr Hold Free & Clear
Property ID
US18-3423782
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.24M
CAP Approach CAP
$1.45M
Comparable Approach Comparable
$1.84M
Blend (final) Blend
$1.44M
Owner & transaction history
Fishermans Center Properties LLC · 1 yrs held
Fishermans Center Properties LLC
since 2025
Last sale
$1.5M
2 recorded transactions
2025
$1.5M
2015
Price N/A
Zoning & alternative use
DC · Riviera Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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