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Wade M. Berlin

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811 Olive Avenue N
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PRICED AT ONLY: $5,200,000

Address: 811 Olive Avenue N, West Palm Beach, FL 33401

Description

Rare opportunity to purchase OR lease this charming, stand alone two story brick office building located just blocks from the NORA District, top schools, Brightline high speed Train, Cityplace, and more! This corner lot property sits on 0.44 acre features a new roof (2024) and 27 designated surface parking spaces (including 5 covered) plus additional street parking. An Owner user can immediately occupy 5,300 SF of the total 6,500 SF building, or purchase as an investment. Existing 1,200 SF tenant in place (lease term remaining one year, no renewal options). Currently built out as a professional law office. Asking lease rate is $35/SF NNN. Professional medical and nonmedical offices permitted See attached Permitted Uses and Zoning LD 5 LOFTIN DISTRICT 5 (74 WEST PALM BEACH).

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More Like This
  • MLS#: RX-11121840 ( Office )
  • Street Address: 811 Olive Avenue N
  • Viewed: 1
  • Price: $5,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1976
  • Bldg sqft: 0
  • Days On Market: 2

Description

Rare opportunity to purchase OR lease this charming, stand alone two story brick office building located just blocks from the NORA District, top schools, Brightline high speed Train, Cityplace, and more! This corner lot property sits on 0.44 acre features a new roof (2024) and 27 designated surface parking spaces (including 5 covered) plus additional street parking. An Owner user can immediately occupy 5,300 SF of the total 6,500 SF building, or purchase as an investment. Existing 1,200 SF tenant in place (lease term remaining one year, no renewal options). Currently built out as a professional law office. Asking lease rate is $35/SF NNN. Professional medical and nonmedical offices permitted See attached Permitted Uses and Zoning LD 5 LOFTIN DISTRICT 5 (74 WEST PALM BEACH).
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Features
Building and Construction
  • Absolute Longitude: 80.052057
  • Ceiling: Acoustic
  • Construction: Brick, Concrete
  • Flooring: Carpet, Other, Tile
  • Roof: Tar/Gravel
  • Sqft Source: Other
  • Total Building Sqft: 6500.00
  • Type Of Building: Commercial, Free Standing, Medical, Office Space, Office/Professional, Office/Retail, Other, Retail
Property Information
  • Property Condition: Resale
  • Property Desc: Standalone Bldg
  • Property Group Id: 19990816212135227274000000
Utilities
  • Air Conditioned: 100.00
  • Cooling: Central Building, Electric
  • Fire Protect: Smoke Alarm
  • Heating: Central Building, Electric
  • Num Of Stories: 2.0
  • Utilities: Electric, Public Sewer, Public Water, Separate Meter
Finance and Tax Information
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Common Area Maint., Electric, Janitorial, Water
Other Features
  • Avail Docs: None
  • Avail Info: Copies of Lease
  • Country: United States
  • Legal Desc: EUCALYPTUS PARK AMNDED LTS 14 THRU 19 BLK 1
  • Location: City
  • Miscellaneous 1: Landscaped
  • Miscellaneous 2: Med Plumbing, Office, Private Restroom, Reception Area
  • Parcel Id: 74434315210010140
  • Possession: At Closing, Subject to Lease
  • Sale Includes: Building Only
  • Use: Other, Professional Office
  • Zoning: LD-5(c
Nearby Subdivisions
1016 Clare Avenue Commercial C   400 Clematis Condo   Arkona Court   Cityplace South Tower Condo   Clows   El Cid Park Add In   Eucalyptus Park Amnded   Executive Center Plaza Condo   Flamingo Park   Freshwater 11th & 12th Ave Add   Guaranty Building Condo   Lakeside Court South Add   One City Plaza Condominium   Plaza Of The Palm Beaches Cond   Railway   Sadlers Bonnyview Add   Sunshine Park Add No 1 In   Two City Plaza Condo   Via Jardin Condo   Via Jardin Condo, Commercial   West Palm Beach  
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