56 W 12th St - Apartments FOR SALE


West Palm Beach, FL 33404
$1,500,000 USD
305-509-8336
56 W 12th St, West Palm Beach, FL for Sale
$1,500,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

56 W 12th St
West Palm Beach, FL 33404


HIGHLIGHTS

  • High Growth Location Within Walking Distance of the New Marina Village Master Plan
  • Right in Front of a 1.23 Million Square Feet Development with 508 Condos on 4.27 Acres
  • Near the Related Group's 149 Residences at Marina Village within an 8 Stories Building
  • Easy Access to Award Winning Beaches, Cruise & Port Terminals, and Peanut Island

OVERVIEW

Prime Multifamily Investment in the Heart of the Booming Marina Village District! 56 W 12th Street is a Rare Vacant 2021 CBS-constructed multifamily property featuring four spacious 3-bedroom, 2-bathroom apartments—a rare modern asset in one of Palm Beach County’s fastest-growing coastal districts. Perfectly positioned in the revitalized Marina Village District, this property offers unmatched proximity to: The iconic Peanut Island The Port of Palm Beach Terminals Award-winning beaches and stunning waterfront recreation The Related Group’s upcoming 149 Residences at Marina Village, rising 8 stories A transformative 1.23 million sq. ft. development bringing 508 new condos on 4.27 acres This high-growth location is rapidly evolving into a premier live-work-play destination, making the property exceptionally attractive for corporate housing, workforce accommodations, or long-term investment. Value-Add Flexibility: Ownership is not renewing the remaining lease, allowing the new buyer the opportunity to take full advantage of the soaring demand for employee housing in the submarket. This makes the property more valuable vacant, giving investors the freedom to reposition, re-lease at market rates, or secure corporate tenants seeking high-quality housing near major employment hubs. Featuring durable CBS construction, modern layouts, and a strategic location surrounded by billions in ongoing and planned development, 56 W 12th Street is an outstanding opportunity to capture long-term upside in a rapidly appreciating waterfront corridor. A rare chance to own a turn-key 2021 multifamily asset in one of Palm Beach County most transformative districts

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$333 USD /SF

# OF UNITS

4

PRICE/UNIT

$375,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marina Village Quadplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,498 SF

ZONING

DG

APN/PARCEL ID

56-43-42-33-06-013-0120

ASK ABOUT THIS PROPERTY

Wendy PierreBAWONS PropertiesMore Info
305-509-8336

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Wendy PierreBAWONS PropertiesMore Info
305-509-8336

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