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River Plaza 900 S US Highway 1
37,000 SF Office Building Jupiter, FL 33477 £17,996,350 (£486/SF)
Investment Highlights
- Waterfront office park with approved plans for an additional office development and garage, providing huge long-term potential to a user or investor.
- Merrill Lynch anchors the property, and other tenants are on shorter leases, allowing flexibility for a new owner to renew or use the space.
- River Plaza Office Complex is highly accessible, with direct frontage along Highway 1, just 15 minutes from Interstate 95.
- Local submarket office rents have increased by 22.9% over the past three years, with limited new deliveries minimizing supply-side pressure.
Executive Summary
Seize this prime opportunity to acquire River Plaza Office Complex, a 4.75-acre waterfront property with gorgeous views and two existing modern office buildings. City-approved plans for an additional office development with an attached garage have been acquired, presenting massive long-term upside to an investor or user.
The 37,000-square-foot property benefits from a strong anchor tenant, Merrill Lynch, with additional tenants on shorter leases, waiting for the new owner to renew or make strategic changes aligning with the development of the property. The property is zoned for office, medical, residential, hospitality, and mixed uses, providing nearly limitless potential.
River Plaza Office Complex enjoys a strategic location north of Palm Beach, with direct frontage along the famous Highway 1, just fifteen minutes from Interstate 95, providing quick and easy commutes. The well-positioned property is south of E Indiantown Road, a major commercial node with grocery stores, national retailers, and popular restaurants. The area offers a strong workforce pipeline, with daytime employment of over 132,000 within 10 miles of the property. Office rents in the submarket have grown by an impressive 22.9% over the past three years, with limited new deliveries creating additional demand for this type of high-quality asset.
THE PROJECT
Below is the video link of the unanimously approved City of Jupiter development project.
The building on the right is existing, and the building on the left, with a garage, received unanimous City and Planning site approval: https://spaces.hightail.com/receive/5SFxGS3TkA
THE DESIGN TEAM
The development project was incredibly designed by a team of award-winning professionals in the industry that understand the City of Jupiter's land planning needs and requirements.
Rick Gonzalez AIA, https://www.regarchitects.com/, leads an award-winning 30-year-old firm whose design standards have been used as examples for Palm Beach County’s Architectural Guidelines.
Don Hearing of Cotleur & Hearing provided professional services in the disciplines of landscape architecture, residential landscape, design/build, and land planning.
Data Room Click Here to Access
Property Facts
Amenities
- 24 Hour Access
- Courtyard
- Waterfront
- Lift Access
- Natural Light
- Open-Plan
- Outdoor Seating
- Air Conditioning
- Balcony
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Perfect office in Jupiter on the water. The office's prime location on S US Highway 1, provides access to the Jupiter lifestyle with private boardwalk access along the Intracoastal Waterway. Additionally, the building is just minutes from incredible restaurants including The Woods (owned by Tiger Woods), the Florida Turnpike, and I-95.
Perfect office in Jupiter on the water. The office's prime location on S US Highway 1, provides access to the Jupiter lifestyle with private boardwalk access along the Intracoastal Waterway. Additionally, the building is just minutes from incredible restaurants including The Woods (owned by Tiger Woods), the Florida Turnpike, and I-95.
Perfect office in Jupiter on the water. The office's prime location on S US Highway 1, provides access to the Jupiter lifestyle with private boardwalk access along the Intracoastal Waterway. Additionally, the building is just minutes from incredible restaurants including The Woods (owned by Tiger Woods), the Florida Turnpike, and I-95.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 104 | 1,301 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 105 | 1,203 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 205 | 886 SF | Office | Full Build-Out | Now |
1st Fl-Ste 104
| Size |
| 1,301 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 105
| Size |
| 1,203 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 205
| Size |
| 886 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 104
| Size | 1,301 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Perfect office in Jupiter on the water. The office's prime location on S US Highway 1, provides access to the Jupiter lifestyle with private boardwalk access along the Intracoastal Waterway. Additionally, the building is just minutes from incredible restaurants including The Woods (owned by Tiger Woods), the Florida Turnpike, and I-95.
1st Fl-Ste 105
| Size | 1,203 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Perfect office in Jupiter on the water. The office's prime location on S US Highway 1, provides access to the Jupiter lifestyle with private boardwalk access along the Intracoastal Waterway. Additionally, the building is just minutes from incredible restaurants including The Woods (owned by Tiger Woods), the Florida Turnpike, and I-95.
2nd Fl-Ste 205
| Size | 886 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Perfect office in Jupiter on the water. The office's prime location on S US Highway 1, provides access to the Jupiter lifestyle with private boardwalk access along the Intracoastal Waterway. Additionally, the building is just minutes from incredible restaurants including The Woods (owned by Tiger Woods), the Florida Turnpike, and I-95.
About Jupiter
Jupiter is the northernmost town of South Florida and represents a smaller office node in Palm Beach, with over 3 million square feet of inventory. With Interstate 95 running through the area’s western edge and U.S.-1 running through its eastern edge, the area enjoys easy access to the rest of Palm Beach and greater South Florida.
Due to its limited inventory and relative affordability when compared to other Palm Beach neighbourhoods, Jupiter tends to enjoy lower office vacancy rates. Only around 20% of the office footprint in the market is higher-quality space, which is slightly lower than the broader Palm Beach average, presenting an opportunity for new high-end development. The bulk of office space is located along major corridors including Military Trail State Road 706 and U.S.-1, with most larger offices located south of Route 706.
Major companies in the area include General Electric, G4S, and Holtec International, as well as other healthcare and professional and scientific services tenants. With downtown Palm Beach and Palm Beach International Airport only 20 miles away, Jupiter remains an attractive suburban office location.
DEMOGRAPHICS
Demographics
PROPERTY TAXES
| Parcel Number | 30-43-41-07-02-001-0010 | Improvements Assessment | £2,802,757 |
| Land Assessment | £4,178,972 | Total Assessment | £6,981,729 |
PROPERTY TAXES
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Maria Gomez -
1515 Boca
Presented by
River Plaza | 900 S US Highway 1
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