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Main Street News 255 Royal Poinciana Way 4,213 SF Vacant Retail Building Palm Beach, FL 33480 $16,471,856 CAD ($3,909.77 CAD/SF)
INVESTMENT HIGHLIGHTS
- Residential AND commercial property at 255 Royal Poinciana Way offers a rare opportunity in one of Palm Beach's most sought-after locations.
- A truly spectacular, brand-new, 4-bedroom, 4.5 bathroom apartment sits on top of this one-of-a-kind offering!
- This prime space provides high visibility and unparalleled convenience, with strong foot traffic!
EXECUTIVE SUMMARY
255 Royal Poinciana Way is beautifully situated in the civic heart of Palm Beach, offering a rare combination of commercial and residential use in today's market. The 1st floor (2,000+ SF) is currently leased as a retail store, and the 2nd floor (2,000+ SF) is a newly and fully renovated, spectacular 4 BR / 4.1 BA residence, nicely perched overlooking Royal Poinciana Way to the south and The Breakers Hotel to the east. Both spaces are fully leased at top rental rates. With the growing demand for flexible spaces, this offering of commercial and private residential use makes the property more appealing than ever, with its high visibility, strong customer traffic, and proximity to The Royal, The Breakers Hotel, and The White Elephant Hotel. An exceptional opportunity to secure a prime location in Palm Beach.
Pricing: a) Entire Building: $11,800,000 b) Main Level Retail Space: $5,900,000, c) 2nd Floor Condo Apartment: $5,900,000
Pricing: a) Entire Building: $11,800,000 b) Main Level Retail Space: $5,900,000, c) 2nd Floor Condo Apartment: $5,900,000
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,213 SF
Building Class
C
Year Built
1925
Price
$16,471,856 CAD
Price Per SF
$3,909.77 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.61
Lot Size
0.06 AC
Zoning
CTS, Palm Beach - Commercial Transportation and Automotive district
Frontage
25’ on Royal Poinciana Way
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 2,272 SF
- Office/Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,272 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 2,272 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
Bike Score®
Very Bikeable (86)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 50-43-43-22-32-000-0130 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,465,767 CAD |
PROPERTY TAXES
Parcel Number
50-43-43-22-32-000-0130
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,465,767 CAD
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Main Street News | 255 Royal Poinciana Way
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