4431 Embarcadero Dr - Office FOR SALE


West Palm Beach, FL 33407
$6,500,000 USD
561-281-6656
4431 Embarcadero Dr, West Palm Beach, FL for Sale
$6,500,000 USD
Office - FOR SALE
1/10
null | Request Cap Rate

4431 Embarcadero Dr
West Palm Beach, FL 33407


HIGHLIGHTS

  • Rare office owner/user opportunity with a recently renovated reception area and large conference room.
  • Easy access to I-95, 45th Street, and Congress Avenue with strong connectivity to surrounding amenities and CBD.
  • In place CPD zoning allows for a wide range of uses permitted by right.
  • Strategically located within a strong submarket featuring a variety of industries including healthcare, government, energy, education, and banking.

OVERVIEW

On behalf of ownership, the Colliers | South Florida Investment Services Team, as the exclusive agent, is pleased to present for sale 4431 Embarcadero Drive (the “Property”), a vacant, 32,000-square-foot office building situated on ±1.92 acres in West Palm Beach, FL. Built in 1985, the two-story Property offers abundant parking and excellent access to 45th Street, a major east/west artery in Palm Beach county, and is conveniently located minutes to the I-95 Interchange. This provides exceptional access to Palm Beach International Airport and Downtown West Palm Beach. In addition, the Property is conveniently located near public transportation less than one mile from the Mangonia Park Tri-Rail Station. Bordering the CBD to the west and south, the Property is positioned in the second-largest office submarket in the area after North Palm Beach. The submarket is home to tenants from a variety of industries including government, healthcare, energy, education, and banking. The Property is located withing the Commercial Planned Development known as Congress Crossing (CPD). The development regulations within this CPD are governed by Ordinance 1762-84 according to the City Commission of the City of West Palm Beach, Florida. Permitted uses for this Property include: • Office (Medical, Government, Dental, Civic, Financial, and other office uses similar in nature) • Research and Development (R&D facilities including but not limited to medical/dental, pharmaceutical, data, scientific/medical instruments, etc.) With flexible office layouts and recently renovated reception areas and conference rooms, the Property offers a fantastic opportunity for owner/users.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$203 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

144

LAND DETAILS

LAND ACRES

1.92 AC

LAND SF

83,635 SF

ZONING

CPD, West Palm Beach

APN/PARCEL ID

74-43-43-06-06-000-0130

ASK ABOUT THIS PROPERTY

Bastian SchauerColliersMore Info
561-281-6656

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Bastian SchauerColliersMore Info
561-281-6656

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