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Island Plaza 2900-3002 Broadway

80,189 SF 90% Leased Retail Building Riviera Beach, FL 33404 £11,637,750 (£145/SF) 6.25% Net Initial Yield

Investment Highlights

  • Heavy traffic counts in up and coming area. Federal Hwy 25,376, Broadway 23,000, and W. Blue Heron Blvd 18,300
  • Within 10 miles of Palm Beach International Airport.
  • 29,259 households within 3 miles with an average income of $52,598

Executive Summary

This prime location directly on Broadway. Existing 75,000 square foot shopping center with national tenants. Property sits on over 5.5 acres of land. A new 20 story residential developments going up along Broadway.
Income producing property with a value add opportunity.

Attachments

Broadway-Corridor-MP-Report_11-26-14.v3

Property Facts

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
80,189 SF
Building Class
B
Year Built/Renovated
1986/1998
Price
£11,637,750
Price Per SF
£145
Net Initial Yield
6.25%
NOI
£727,114
Percent Leased
90%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.33
Land Acres
5.54 AC
Zoning
CG, Riviera Beach - General Commercial, Riviera Beach
Parking
248 Spaces (3.1 Spaces per 1,000 SF Leased)
Frontage
436 ft on Broadway

Amenities

  • Tenant Controlled HVAC

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,500-8,000 SF
  • Retail
  • In-Line
  • Now
  • C17A-2
  • 10,890 SF
  • Medical
  • In-Line
  • 120 Days
Space Size Space Use Position Available
1st Floor 1,500-8,000 SF Retail In-Line Now
C17A-2 10,890 SF Medical In-Line 120 Days

1st Floor

Size
1,500-8,000 SF
Space Use
Retail
Position
In-Line
Available
Now

C17A-2

Size
10,890 SF
Space Use
Medical
Position
In-Line
Available
120 Days

Links

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2900-3002 Broadway, Riviera Beach, FL - aerial map view - Image1
2900-3002 Broadway, Riviera Beach, FL - aerial map view - Image2
2900-3002 Broadway, Riviera Beach, FL - aerial map view - Image3
Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 56-43-42-28-19-000-0170 Improvements Assessment £5,128,500
Land Assessment £0 Total Assessment £5,128,500

PROPERTY TAXES

Parcel Number
56-43-42-28-19-000-0170
Land Assessment
£0
Improvements Assessment
£5,128,500
Total Assessment
£5,128,500
(561) 945-7772

  • Listing ID: 30169251

  • Date on Market: 27/11/2023

  • Last Updated:

  • Address: 2900-3002 Broadway, Riviera Beach, FL 33404

The Retail Property at 2900-3002 Broadway, Riviera Beach, FL 33404 is currently available For Sale. Contact ONE Investment Group for more information.

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© 2024 CoStar Group

Island Plaza | 2900-3002 Broadway
(561) 945-7772 x

Island Plaza | 2900-3002 Broadway

Joseph Scarfone

(561) 945-7772

(561) 945-7772

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