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

501 S Olive Avenue

^$ 6,900,000

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501 S Olive Avenue

West Palm Beach, FL, 33401

^$ 6,900,000

Studio Baths1.0

Monthly Estimate*

^$ 45,860

501 S Olive Avenue, West Palm Beach, FL 33401 - Image 1

501 S Olive Avenue, West Palm Beach, FL 33401 - Image 2

501 S Olive Avenue, West Palm Beach, FL 33401 - Image 3

501 S Olive Avenue, West Palm Beach, FL 33401 - Image 4

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Studio

Commercial Property for sale in West Palm Beach, FL

for $6,900,000 with 1 full bath. This building was built in 1925.

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.

Commercial Active

Price

^$ 6,900,000

Bedrooms

Studio

Full Bath

Property Type

Commercial

Taxes

^$ 30,923

Style

Professional Office

Year Built

1925

Town/City

West Palm Beach

County/Region

Palm Beach

MLS | Web ID

RX10989439

Features

General

Heating Other

Cooling Other

Utilities Cable Public Water

Possession At Closing

Roof Barrel Other

Zoning QGD-10

Status Active

Year Built 1925

Stories 1.0

Type Office

Property Type E

Area 5420

Auction No

Tax Year 2023

Terms Considered Cash Conventional Exchange Other

Use Professional Office

Virtual Tour https://www.propertypanorama.com/501-S-Olive-Avenue-West-Palm-Beach-FL-33401/unbranded

Geo Area PB20

Legal Description POTTER ADD LTS 1 & 2 /LS W 15 FT/ BLK 2

Exterior

Waterfront No

Lot Size 0.21

Interior

Flooring Other

Total Number of Units 1

Internal Only

OriginalMLSID RX-10989439

* Excluded Features

List By

Donald K. DeWoody

Listing Agent

Landmark Commercial Realty Adv

Broker

don.dewoody@landmarkcra.com

Affordability Calculator

$48,436

Per Month

Monthly Principal & Interest: $45,860
Monthly Property Taxes: $2,577
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in West Palm Beach, FL

Average List Price ^$1,152,864

Percent of Sale Price 83%

About West Palm Beach, FL

111,545 Population

36% Since 2002

^$51,879 Median Income

40.03 Median Age

19% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

368239 Elementary School

368240 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/6/2024	$6,900,000	-4.83%	Price Down
5/21/2024	$7,250,000		Listed Price

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501 S Olive Avenue, West Palm Beach, FL, 33401 is a Commercial Property for sale at $6,900,000. 501 S Olive Avenue is a studio with 1.0 baths and was built in 1925. The property's zip code is 33401 which is in West Palm Beach, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Multiple Listing Service of BeachesMLS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/16/2024.

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501 S Olive Avenue

Commercial Property for sale in West Palm Beach, FL

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