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.