Property Overview: The Globe Office Complex is a 29,126 SF multi-tenant office property situated on 2.05 acres, with 23,500 SF of net rentable space. Built in 1971 and 1974, the property is zoned C-MU (Commercial, Mixed-Use), offering significant flexibility for either redevelopment or continued office use. Key Highlights: • Prime Location & Visibility: o 200 feet of frontage on US Highway 1, with exposure to 22,000+ vehicles per day o Easy access to I-95 and the Turnpike, enhancing connectivity • Immediate Income & Leasing Upside: o Existing tenants generate $272,947.32 in annual rent o 6,997 SF of vacant space, providing additional leasing potential • Redevelopment Potential: o C-MU zoning and an 87,120 SF lot size support high-density mixed-use development (residential, retail, office) o Strong demand for modern projects in North Palm Beach • Strong Market Fundamentals: o 1-mile radius: Expected population growth to 8,674 by 2029 o 5-mile radius: Projected population of 154,809 Development Potential: The site’s zoning and prime location make it an ideal candidate for high-density redevelopment. Market trends indicate strong absorption rates and rental growth, making it a viable project for residential, retail, storage and office development that aligns with evolving demand. The Globe Office Complex offers a unique blend of immediate income and long-term value creation potential. With its strategic location, flexible zoning, and strong market fundamentals, this property presents a rare opportunity for investors like yourself looking to maximize returns in a high-growth market.