255 Evernia St - Apartments CONDO FOR SALE


West Palm Beach, FL 33401- Downtown West Palm Beach
$1,650,000 USD
732-939-7726
255 Evernia St, West Palm Beach, FL for Sale
$1,650,000 USD
Apartments CONDO - FOR SALE
1/67
null | Request Cap Rate

255 Evernia St
West Palm Beach, FL 33401
Downtown West Palm Beach


HIGHLIGHTS

  • The property offers 2,264 square feet of second-generation restaurant space.
  • A full commercial kitchen build-out is included, complete with hood and grease trap.
  • The space is located on the ground floor of The Strand luxury residential development.
  • It is surrounded by dense residential and office developments, ensuring consistent foot traffic.
  • The property is within walking distance of Clematis Street, The Square, and the Brightline Station.
  • Excellent visibility is provided along Olive Avenue, a key downtown thoroughfare.

OVERVIEW

This offering presents a rare chance to acquire a fully built-out, second-generation restaurant space in the vibrant core of Downtown West Palm Beach. Positioned on the ground floor of The Strand luxury condominium, the 2,264-square-foot unit delivers exceptional street presence along Olive Avenue. The property features a complete commercial kitchen, an elegant dining area, and upscale interior finishes, creating a turnkey solution for an owner-user or investor. Surrounded by high-rise residential towers, office buildings, and entertainment venues, the location benefits from strong pedestrian traffic and a dynamic urban environment. Its proximity to Clematis Street, The Square, and the Brightline Station further enhances accessibility and long-term value for food and beverage operators seeking a premier downtown

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$734 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

89%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Strand

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

453,545 SF

STORIES

15

BUILDING CLASS

B

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

400

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,836 SF

ZONING

CC2, West Palm Beach

APN/PARCEL ID

74-43-43-22-00-006-0090,74-43-43-22-37-006-6040,74-43-43-22-37-008-8010,74-43-43-22-37-008-8060,74-43-43-22-37-010-1015,74-43-43-22-37-012-1217,74-43-43-22-37-012-1218,74-43-43-22-37-014-1419

ASK ABOUT THIS PROPERTY

Vincent BorrielloBorriello Commercial GroupMore Info
732-939-7726

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

Vincent BorrielloBorriello Commercial GroupMore Info
732-939-7726

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