The Anthony Building 312 Clematis St 25,296 SF 30% Leased Office Building West Palm Beach, FL 33401 $20,463,411 CAD ($808.96 CAD/SF)

Ideal Opportunity to Own a High Vacancy Asset and Take Advantage of Tremendous Upside in This Rising Tide Micro-Market or As A Prime Location For An Owner Occupier!
Lee & Associates as exclusive Advisor is pleased to present The Anthony Building, an iconic trophy asset comprising of a 23,078 rentable square foot retail and office building located directly on Historic Clematis Street in the heart of Downtown West Palm Beach's thriving high-energy entertainment and business district. The five-story building features the first two floors converted to a prime, ground-floor retail suite fronting Clematis with 18-foot high ceilings and approximately 850 square feet of mezzanine space and currently housing the very popular tenant Fitness Hub. The top three floors consist of conventional and loft offices with original hardwood flooring and two floors that cover the entire footprint of the building and a penthouse floor that covers approximately 40% of the footprint on the south end of the building with a large rooftop patio accented by three sets of French doors.
The buildings façade maintains its original historic and prominent design with three-story decorative columns and carved concrete architectural cornices, moldings and gold-leafed lettering that give the Property tremendous street presence in this trendy location.
Currently 30% leased to one tenant, the property represents valuable upside to the well below market ground floor retail as well as the lease-up or utilization of the 3rd, 4th and 5th floors. Highly flexible office floors allow for multiple smaller tenants or single floor tenants. This is an ideal opportunity for a partial owner/user or investor looking to take advantage of the rising tide market and "Wall Street South" migration trends fueling unseen levels of new development in one of the Southeast's hottest cities.