New Listing - 05/20/2024


507-509 Northwood Rd, West Palm Beach, FL, 33407

507-509 Northwood Rd, West Palm Beach, FL, 33407

1945

Seize a solid investment with remarkable current and future potential! Situated on a charming street renowned for its vibrant restaurants, boutiques, and wellness retailers. Anticipate growth with upcoming redevelopment plans that will extend the road, enhancing the trendy Northwood neighborhood eastward across North Flagler Drive towards the waterfront. Here, the Ritz-Carlton plans to build 144 ultra-luxury residences by 2027. This well-established coffee lounge presents an incredible opportunity to transform into a cigar/hookah lounge or bar with a 4COP dual license, featuring an outdoor bar, dance area, and a capacity of 100. Perfect for hosting events and parties, it can operate from 7 AM to midnight, with events extending until 2 AM.


Status:

Active

Type:

Commercial

Zoning:

NMUD TYP

Heating:

Central, Electric

Cooling:

Central Air

Est. Taxes:

$3,434

Construction

Block

MLS #:

A11589360


Community Info

School Info

Walk Score

Yelp



Listing courtesy of LG Realty Group Inc. Phone: 305-890-6226