426 Claremore Dr - Service FOR SALE


West Palm Beach, FL 33401
$4,500,000 USD
561-281-6656
426 Claremore Dr, West Palm Beach, FL for Sale
$4,500,000 USD
Service - FOR SALE
1/11
null | Request Cap Rate

426 Claremore Dr
West Palm Beach, FL 33401


HIGHLIGHTS

  • In the heart of a surging market and surrounded by activity including The Greene School’s expansion and redevelopment of Press/Shoppes at the Press.
  • Fantastic access to I-95 between Belvedere Road and Okeechobee Boulevard.
  • Ideal investment for owner/ users and investors drawn to the appeal of West Palm Beach.
  • Well located Property just blocks south of Downtown West Palm Beach and steps from US-1.

OVERVIEW

On behalf of the owner, the Colliers | South Florida Investment Services Team is pleased to present for sale 426 Claremore Drive (the “Property” or “Building”) in West Palm Beach, Florida. Located in one of the most desirable submarkets in Florida, the Property is positioned just blocks south of Downtown West Palm Beach in between US-1 and Parker Avenue. The Building presents a highly attractive and unique opportunity to owner/users and investors looking for real estate in a vibrant and growing part of one of South Florida’s largest cities. West Palm Beach features outstanding market fundamentals with low vacancies, tremendous rent growth, and strong demographics from income and household growth. The area has increasingly become a highly sought-after location for wide ranges of tenants as organizations look to either relocate or open secondary locations in the region. The Property’s central location and proximity to Downtown, the Palm Beach Airport, I-95, and the beaches is very appealing to a swath of tenants. Furthermore, there is interesting development activity surrounding the Property; notably The Greene School’s expansion just north of the Building and The Press/ Shoppes at the Press redevelopment just south. The in-place zoning allows for a wide range of uses by right including retail, office, and medical office. Combined with close proximity to Downtown West Palm Beach, The Square, and Brightline Station; and direct access to I-95, the Property presents a one-of-a-kind opportunity for both investors and owner/users alike.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$220 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26

LAND SF

11,326

ZONING

GC

APN/PARCEL ID

74-43-43-28-06-021-0011

ASK ABOUT THIS PROPERTY

Bastian SchauerColliersMore Info
561-281-6656

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

Bastian SchauerColliersMore Info
561-281-6656

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