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Exceptional owner-user or investment opportunity along Southern Boulevard, one of Palm Beach County's most heavily traveled east-west corridors connecting West Palm Beach, Palm Beach Island, Mar-a-Lago, and Interstate 95. Positioned just east of I-95, this highly visible freestanding CBS office building offers outstanding exposure, prominent building signage opportunities, convenient access, and a strategic central location. The property consists of approximately 7, 854± square feet across three levels and is situated on a 12, 669± square foot parcel zoned Neighborhood Commercial (NC). The building features an elevator, flexible floor plans, private offices, conference rooms, open work areas, updated office finishes, private parking, and 26 on-site parking spaces, including 10 covered spaces The property has benefited from ongoing professional maintenance and capital improvements, including multiple HVAC replacements, with four of the five HVAC systems installed between 2017 and 2021, plus a dedicated server-room HVAC system. Elevator maintenance and annual certification have also been consistently maintained. Ideal for a corporate headquarters, office, law firm, accounting practice, wealth management firm, professional services company, or other owner-user seeking a highly recognizable location with convenient access throughout Palm Beach County. Conveniently located near Downtown West Palm Beach, Palm Beach Island, Palm Beach International Airport, Brightline, The Square, Clematis Street, and numerous restaurants, hotels, and business amenities, the property provides exceptional convenience for employees, clients, and ownership alike. Additional parking may be available through a separate agreement with the neighboring property owner, subject to availability and negotiation. Rarely does a freestanding, elevator-served office building with covered parking, strong visibility, significant frontage along Southern Boulevard, and direct access to Palm Beach Island become available in such a desirable location.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,595,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $3,676,000 | $3,676,000 | $3,676,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.277% | 6.223% | 6.183% |
| Monthly Tax Payment | $2,717 | $2,717 | $2,717 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $21,745 | $22,336 | $31,020 |
| Total Monthly Payment | $24,587 | $25,178 | $33,862 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.