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2055 Palm Beach Lakes Blvd 6,496 SF Retail Building West Palm Beach, FL 33409 $6,313,507 CAD ($971.91 CAD/SF)
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Investment Highlights
- 2055 Palm Beach Lakes Boulevard presents a freestanding, three-lane drive-thru equipped commercial building spanning 6,496 square feet.
- Suitable for retail, professional services, medical, or financial uses; previously occupied by regional banks and a furniture showroom supplier.
- Broker fees applicable.
- Recently renovated in 2022, this former bank branch offers a clean, modern retail space with a large open floor plan and natural light.
- Visible to more than 54,000 daily passing vehicles along Palm Beach Lakes Boulevard and convenient to Interstate 95.
Executive Summary
Welcome to West Palm Beach’s latest commercial opportunity, now available for sale, offering flexible potential for investors and owner/users.
2055 Palm Beach Lakes Boulevard is a 6,496-square-foot freestanding building featuring a three-lane drive-thru and prominent pylon and building signage. Multiple regional banks have previously occupied the property, and most recently, a commercial furniture supplier utilized the open floor plan as an expansive showroom. The building’s adaptable layout and established drive-thru infrastructure present strong repositioning or occupancy potential. There are more than 25 surface parking spaces, along with front and rear points of ingress/egress.
Positioned along Palm Beach Lakes Boulevard, the property benefits from excellent visibility, high traffic counts, and convenient access to Interstate 95, major retailers, and dense residential neighborhoods. Commercial synergy is strong in the immediate area, located less than 1 mile from the Tanger Outlets of Palm Beach. Within a 3-mile radius, the population generates more than $1.3 billion in annual consumer spending, supporting long-term value and investment appeal.
For an investor seeking stable income and appreciation potential or an owner/user looking to establish a flagship location, 2055 Palm Beach Lakes Boulevard offers a compelling acquisition opportunity in one of West Palm Beach’s most active commercial corridors.
Inquire today to learn more.
2055 Palm Beach Lakes Boulevard is a 6,496-square-foot freestanding building featuring a three-lane drive-thru and prominent pylon and building signage. Multiple regional banks have previously occupied the property, and most recently, a commercial furniture supplier utilized the open floor plan as an expansive showroom. The building’s adaptable layout and established drive-thru infrastructure present strong repositioning or occupancy potential. There are more than 25 surface parking spaces, along with front and rear points of ingress/egress.
Positioned along Palm Beach Lakes Boulevard, the property benefits from excellent visibility, high traffic counts, and convenient access to Interstate 95, major retailers, and dense residential neighborhoods. Commercial synergy is strong in the immediate area, located less than 1 mile from the Tanger Outlets of Palm Beach. Within a 3-mile radius, the population generates more than $1.3 billion in annual consumer spending, supporting long-term value and investment appeal.
For an investor seeking stable income and appreciation potential or an owner/user looking to establish a flagship location, 2055 Palm Beach Lakes Boulevard offers a compelling acquisition opportunity in one of West Palm Beach’s most active commercial corridors.
Inquire today to learn more.
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Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
6,496 SF
Building Class
B
Year Built/Renovated
1999/2022
Price
$6,313,507 CAD
Price Per SF
$971.91 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.87 AC
Zoning
GC, West Palm Beach - General Commercial
Parking
28 Spaces (4.31 Spaces per 1,000 SF Leased)
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 1st Floor | 6,496 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 6,496 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
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1st Floor
| Size | 6,496 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Demographics
Demographics
1 mile
3 mile
5 mile
15 min drive
2024 Population
16,618
137,385
277,484
517,635
2029 Population
17,482
146,878
295,610
547,897
2024-2029 Projected Population Growth
5.2%
6.9%
6.5%
5.8%
Median Age
35.5
39.9
39.7
40.3
College Degree + Higher
26%
29%
27%
19%
Daytime Employees
14,652
87,647
163,928
271,582
Total Businesses
2,167
11,151
20,776
37,903
Average Household Income
$74,317
$84,671
$92,089
$96,694
Median Household Income
$60,835
$62,687
$67,391
$71,311
Total Consumer Spending
$159.5M
$1.5B
$3B
$5.7B
2024 Households
6,917
57,830
109,136
198,271
Average Home Value
$377,925
$407,498
$472,264
$471,434
$ values in USD
Nearby Major Retailers
Property Taxes
| Parcel Number | 74-43-43-19-10-002-0070 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,115,830 CAD |
Property Taxes
Parcel Number
74-43-43-19-10-002-0070
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,115,830 CAD
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2055 Palm Beach Lakes Blvd
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