325 Clematis St - Retail FOR SALE


West Palm Beach, FL 33401- Downtown West Palm Beach
$10,000,000 USD
561-659-2233
325 Clematis St, West Palm Beach, FL for Sale
$10,000,000 USD
Retail - FOR SALE
1/7
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325 Clematis St
West Palm Beach, FL 33401
Downtown West Palm Beach


OVERVIEW

325 Clematis St, Historic, Downtown WPB property. Zoned up to 5 Stories / 68' High! Prime downtown location. Build your vision! Inquire Now. From the Zoning and Land Development Regulations for WPB. § 94-122. Clematis waterfront district (CWD) Latest version. (a) Intent. As the historic retail corridor in downtown, the Clematis waterfront district (CWD) signifies one of the major community spaces for the city and provides a sense of identity for West Palm Beach. Within this district, Clematis Street is characterized as a low-scale, pedestrian-oriented street. Existing buildings contribute to the aesthetic, cultural, historic and economic value of downtown West Palm Beach. The city intends to create the Clematis Street conservation district (CWD-CD) including all lots fronting Clematis Street between Rosemary Street and Flagler Street, to preserve the character and scale of these buildings. New buildings and buildings alterations shall support the character and scale of the district. The park and fountain are integral to the district's character as it provides a central gathering space for downtown and serves as an extension of the waterfront. (b) Devleopment characteristics. (1) Terraces in CWD-CD are encouraged to be programmed with activities such as outdoor dining or private gardens to animate buildings and public spaces. (2) Buildings in CWD-CD include local retailers, small and unique storefronts and buildings with restaurants, sidewalk cafes, specialty shops, and design stores, with second story retail, night clubs, residential, and offices uses. (3) Proposed developments in CWD-CD should have unique storefronts, as well as awnings and other shading devices which reinforce the main individual character of each building. (4) Outdoor restaurant seating is encouraged. (5) Ground floor retail is encouraged throughout the district. (c) CWD subdistricts shall include: CWD-10, CWD-5, and CWD-CD. (d) Subdistrict requirements. Developments shall comply with the following: a. Table IV-24: CWD-10. b. Table IV-25: CWD-5. c. Table IV-26: CWD-CD. (e) Additional subdistrict requirements. (1) Parking. a. Proposed developments within CWD-CD are not required to provide parking. (f) Special requirements. a. All proposed developments in CWD-CD shall be subject to a special review by the DAC. b. All structures within the CWD-CD shall qualify as sending sites for the TDR program. c. Maximum lot agglomeration within the CWD-CD is 25,000 square feet. d. Towers shall be oriented away from Clematis Street to preserve the scale of the corridor. e. Colonnades shall be limited to Rosemary Avenue building frontages only and shall comply with section 94-109 and Table IV-5. f. Passageways shall provide bollards, landscaping, or any other type of physical barrier where they intersect with an alley or public right-of-way for the purpose of separating and protecting pedestrians from vehicular traffic. Passageways may be secured and gated at night to enhance public safety. When such a measure is taken, all owners shall be required to provide an agreement to the city which specifies the time at which the passageway shall be closed to the public, provisions for lighting the passageway during these hours, and a maintenance plan. g. Pedestrian overhead connections shall be permitted over alleys to connect to parking structures to make the redevelopment of existing structures in CWD-CD more feasible.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$709 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

CWD-CD

APN/PARCEL ID

74-43-43-21-01-013-0140

ASK ABOUT THIS PROPERTY

Mary CostanzaCBM Holdings, LLCMore Info
561-659-2233

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Mary CostanzaCBM Holdings, LLCMore Info
561-659-2233

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.