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4431 Embarcadero Dr 32,000 SF Office Building West Palm Beach, FL 33407 $9,073,480 CAD ($283.55 CAD/SF)
INVESTMENT HIGHLIGHTS
- Rare office owner/user opportunity with a recently renovated reception area and large conference room.
- In place CPD zoning allows for a wide range of uses permitted by right.
- Easy access to I-95, 45th Street, and Congress Avenue with strong connectivity to surrounding amenities and CBD.
- Strategically located within a strong submarket featuring a variety of industries including healthcare, government, energy, education, and banking.
EXECUTIVE SUMMARY
On behalf of ownership, the Colliers | South Florida Investment Services Team, as the exclusive agent, is pleased to present for sale 4431 Embarcadero Drive (the “Property”), a vacant, 32,000-square-foot office building situated on ±1.92 acres in West Palm Beach, FL.
Built in 1985, the two-story Property offers abundant parking and excellent access to 45th Street, a major east/west artery in Palm Beach county, and is conveniently located minutes to the I-95 Interchange. This provides exceptional access to Palm Beach International Airport and Downtown West Palm Beach. In addition, the Property is conveniently located near public transportation less than one mile from the Mangonia Park Tri-Rail Station. Bordering the CBD to the west and south, the Property is positioned in the second-largest office submarket in the area after North Palm Beach. The submarket is home to tenants from a variety of industries including government,
healthcare, energy, education, and banking.
The Property is located withing the Commercial Planned Development known as Congress Crossing (CPD). The development regulations within this CPD are governed by Ordinance 1762-84 according to the City Commission of the City of West Palm Beach, Florida. Permitted uses for this Property include:
• Office (Medical, Government, Dental, Civic, Financial, and other office uses similar in nature)
• Research and Development (R&D facilities including but not limited to medical/dental, pharmaceutical, data, scientific/medical instruments, etc.)
With flexible office layouts and recently renovated reception areas and conference rooms, the Property offers a fantastic opportunity for owner/users.
Built in 1985, the two-story Property offers abundant parking and excellent access to 45th Street, a major east/west artery in Palm Beach county, and is conveniently located minutes to the I-95 Interchange. This provides exceptional access to Palm Beach International Airport and Downtown West Palm Beach. In addition, the Property is conveniently located near public transportation less than one mile from the Mangonia Park Tri-Rail Station. Bordering the CBD to the west and south, the Property is positioned in the second-largest office submarket in the area after North Palm Beach. The submarket is home to tenants from a variety of industries including government,
healthcare, energy, education, and banking.
The Property is located withing the Commercial Planned Development known as Congress Crossing (CPD). The development regulations within this CPD are governed by Ordinance 1762-84 according to the City Commission of the City of West Palm Beach, Florida. Permitted uses for this Property include:
• Office (Medical, Government, Dental, Civic, Financial, and other office uses similar in nature)
• Research and Development (R&D facilities including but not limited to medical/dental, pharmaceutical, data, scientific/medical instruments, etc.)
With flexible office layouts and recently renovated reception areas and conference rooms, the Property offers a fantastic opportunity for owner/users.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Building Size
32,000 SF
Building Class
C
Year Built
1985
Price
$9,073,480 CAD
Price Per SF
$283.55 CAD
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
16,000 SF
Slab To Slab
12’
Building FAR
0.38
Lot Size
1.94 AC
Opportunity Zone
Yes
Zoning
CPD, West Palm Beach - Commercial Planned Development
Parking
92 Spaces (2.88 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 74-43-43-06-06-000-0130 | Improvements Assessment | $0 CAD (2024) |
| Land Assessment | $0 CAD (2024) | Total Assessment | $6,343,544 CAD (2024) |
PROPERTY TAXES
Parcel Number
74-43-43-06-06-000-0130
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$6,343,544 CAD (2024)
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4431 Embarcadero Dr
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