The Colliers Team is pleased to present this Offering Memorandum for University Preparatory Academy (the “Property”), a ±41,981 square foot education facility situated on a sprawling ±8.25-acre site at 2101 N Australian Avenue, West Palm Beach, FL 33407. Originally built in 1995, the Property is located within the West Palm Beach submarket, offering a rare infill redevelopment opportunity in one of South Florida’s most supply-constrained residential markets.
The Property is currently improved as a private school under Use Code 7200 and zoned POR/PD – Professional Office Residential / Planned Development, which allows for a wide range of redevelopment options including multifamily residential. With over 8 acres of land, existing infrastructure, and immediate access to Interstate-95, U.S. 1, and Downtown West Palm Beach, the site is ideally positioned for a high-density residential project targeting the city’s growing demand for quality housing.
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