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501 S Olive Avenue, West Palm Beach, FL – $6,900,000

  • $6.9M Price
  • .21 Acres
  • $6.9M Price
  • .21 Acres

501 S Olive Avenue

303 Gardenia and 501 S Olive are being sold togetherLandmark Commercial Realty Advisors is pleased to present 303 Gardenia St and 501 S Olive Ave an incredible opportunity to purchase TWO buildings in the heart of downtown West Palm Beach, Florida.The Properties offer incredible opportunity for a covered land play with existing in place cash flow through retail and residential tenants and with the underlying development opportunity allowed in the zoning district. Both Buildings have a 10 story height limit and a FAR of 2.75.303 Gardenia St - A two-story mixed-use building. First Floor consists of 5 retail/office units and 2nd floor consists of 7 residential units. 501 S Olive Ave - Situated on 0.20 acres, features a fully built-out office and unique building footprint for existing and future uses.

Essential Information

  • MLS® #RX-10989439
  • Price$6,900,000
  • Acres0.21
  • Year Built1925
  • TypeCommercial
  • Sub-TypeProfessional Office
  • StatusActive

Style

Commercial, Office/Retail, Office Space

Community Information

  • Address501 S Olive Avenue
  • Area5420
  • CityWest Palm Beach
  • CountyPalm Beach
  • StateFL
  • Zip Code33401

Amenities

  • UtilitiesCable, Public Water

Interior

  • AppliancesBuilding and Land
  • HeatingOther
  • CoolingOther
  • # of Stories1

Exterior

  • Lot DescriptionOffice
  • RoofBarrel, Other

Additional Information

  • Listing Courtesy ofLandmark Commercial Realty Adv
  • Date ListedMay 21st, 2024
  • ZoningQGD-10
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Price Change History for 501 S Olive Avenue, West Palm Beach, FL (MLS® #RX-10989439)

Date Details Change
Price Reduced from $7,250,000 to $6,900,000 $350,000 (4.83%)

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