700 N Olive Ave - Medical FOR SALE


West Palm Beach, FL 33401- Downtown West Palm Beach
$6,250,000 USD
561-254-7810
700 N Olive Ave, West Palm Beach, FL for Sale
$6,250,000 USD
Medical - FOR SALE
1/16
null | Request Cap Rate

NEW


700 N Olive Ave
West Palm Beach, FL 33401
Downtown West Palm Beach


HIGHLIGHTS

  • Prime location in Downtown West Palm Beach, walking distance to courthouse & more
  • Flexible zoning - office, residential, medical, retail
  • Gated parking garage and surface parking lot
  • Signage opportunities
  • Minutes from Palm Beach Island, I-95, PBIA, CityPlace & more
  • Strategically located near the city's business, legal and financial core: Wall Street South

OVERVIEW

Presenting a rare opportunity to acquire a ±9,446 SF office building in the heart of Downtown West Palm Beach. Ideally positioned at the corner of N Olive Avenue and 7th Street, 700 N Olive Avenue offers excellent signage visibility, a modern build-out, and a flexible layout ideal for legal, financial, medical, and creative users. The first-floor layout also offers potential for ground-floor retail, making it a prime choice for restaurants or boutique shops looking to establish themselves in a vibrant downtown corridor. With gated garage parking, secure surface spaces, a private elevator, and terrace access, this two-story asset delivers on both functionality and long-term value. Location Advantages Just one block from the Flagler Memorial Bridge, this property offers direct access to Palm Beach Island, the Palm Beach County Courthouse, City Hall, and Clematis Street. It’s less than 3 miles from I-95 and minutes from Palm Beach International Airport (PBIA), Brightline, and Tri-Rail - ensuring exceptional accessibility for both clients and staff. The surrounding area is home to a vibrant mix of dining, retail, and cultural destinations - including The Square, the Norton Museum of Art, and high-end neighborhoods like Palm Beach Island. West Palm Beach is one of South Florida’s fastest-growing business and lifestyle destinations, known for its pro-business environment, high walkability, and access to world-class amenities. Surrounded by affluent residential communities and a growing talent pool, this market offers stability and upside for investors and owner-users. ZONING: Loftin District 5 – Can accommodate office (medical & non-medical), restaurants or residential 5-story building height limit. FAR 275. Rare Opportunity. Prime Location. Opportunities like this are few and far between in Downtown West Palm Beach. Whether you're expanding, relocating, or investing, this property checks all the boxes. Act now - contact Lesley Sheinberg or Barbara LeBrun at 561-471-8000 for full details or to arrange a private tour.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$662 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Downtown WPB Office Space with Garage

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

CC2

APN/PARCEL ID

74-43-43-22-12-001-0021

ASK ABOUT THIS PROPERTY

Lesley SheinbergNAI/Merin Hunter Codman, Inc.More Info
561-254-7810

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Lesley SheinbergNAI/Merin Hunter Codman, Inc.More Info
561-254-7810

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