The Anthony Building
25,296 SF | Vacant | Office Building | West Palm Beach, FL 33401 | $10,500,000 ($415/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $10,500,000
- Property Type
-
Office
- Square Feet
- 25,296 SF
- Price / Square Foot
- $415
Listing Contacts
C. Todd Everett
Verified Profile
- Property Info
Property Overview
Ideal Opportunity to Own a High Vacancy Asset and Take Advantage of Tremendous Upside Through Cosmetic Enhancements and Re-Tenanting in This Rising Tide Micro-Market or As A Prime Location For An Owner Occupier!
Lee & Associates as exclusive Advisor is pleased to present The Anthony Building, an iconic trophy asset comprising of a 23,078 rentable square foot retail and office building located directly on Historic Clematis Street in the heart of Downtown West Palm Beach's thriving high-energy entertainment and business district. The five-story building features the first two floors converted to a prime, ground-floor retail suite fronting Clematis with 18-foot high ceilings and approximately 850 square feet of mezzanine space and currently housing the very popular tenant Fitness Hub. The top three floors consist of conventional and loft offices with original hardwood flooring and two floors that cover the entire footprint of the building and a penthouse floor that covers approximately 40% of the footprint on the south end of the building with a large rooftop patio accented by three sets of French doors. The buildings façade maintains its original historic and prominent design with three-story decorative columns and carved concrete architectural cornices, moldings and gold-leafed lettering that give the Property tremendous street presence in this trendy location. Currently 31.7% leased to two tenants, the Property represents valuable upside to the well below market ground floor retail as well as the lease-up of the 3rd and 4th floors. Highly flexible office floors allow for multiple smaller tenants or single floor tenants. This is an ideal opportunity for a partial owner/user or investor looking to take advantage of the rising tide market and "Wall Street South" migration trends fueling unseen levels of new development in one of the Southeast's hottest cities.
Located in the thriving West Palm Beach CBD, just one block from US-1 and 1.5 miles from I-95, offering close proximity to key landmarks such as the Palm Beach County Courthouse, CityPlace, and The Waterfront. With a Walk Score of 98 and convenient access to public transportation, including the Brightline High-Speed Rail station, it provides tenants with unparalleled convenience and connectivity within the vibrant urban center.
Lee & Associates as exclusive Advisor is pleased to present The Anthony Building, an iconic trophy asset comprising of a 23,078 rentable square foot retail and office building located directly on Historic Clematis Street in the heart of Downtown West Palm Beach's thriving high-energy entertainment and business district. The five-story building features the first two floors converted to a prime, ground-floor retail suite fronting Clematis with 18-foot high ceilings and approximately 850 square feet of mezzanine space and currently housing the very popular tenant Fitness Hub. The top three floors consist of conventional and loft offices with original hardwood flooring and two floors that cover the entire footprint of the building and a penthouse floor that covers approximately 40% of the footprint on the south end of the building with a large rooftop patio accented by three sets of French doors. The buildings façade maintains its original historic and prominent design with three-story decorative columns and carved concrete architectural cornices, moldings and gold-leafed lettering that give the Property tremendous street presence in this trendy location. Currently 31.7% leased to two tenants, the Property represents valuable upside to the well below market ground floor retail as well as the lease-up of the 3rd and 4th floors. Highly flexible office floors allow for multiple smaller tenants or single floor tenants. This is an ideal opportunity for a partial owner/user or investor looking to take advantage of the rising tide market and "Wall Street South" migration trends fueling unseen levels of new development in one of the Southeast's hottest cities.
Located in the thriving West Palm Beach CBD, just one block from US-1 and 1.5 miles from I-95, offering close proximity to key landmarks such as the Palm Beach County Courthouse, CityPlace, and The Waterfront. With a Walk Score of 98 and convenient access to public transportation, including the Brightline High-Speed Rail station, it provides tenants with unparalleled convenience and connectivity within the vibrant urban center.
Property Details
- Class
- B
- Year Built/Renovated
- 1925/1998
- Stories
- 5
- Property Subtype
- Loft/Creative Space, Storefront Retail/Office, Medical
- Lot Size (sq. ft)
- 8,712 SF
Highlights
- Iconic Asset Fronting Historic Clematis St that hosts major annual & weekly events like SunFest Music Festival, Palm Beach Boat Show, & GreenMarket.
- Prime opportunity for Owner/Users or Investors to acquire a high-vacancy asset, capitalize on its potential through cosmetic enhancements.
- Benefit from rising demand in a micro-market dubbed “Wall Street South”, by major media outlets.
- Original Hardwood Floors, High Ceilings, Crown and Accent Moldings, Exposed Beams, Penthouse Open-Air Rooftop Terrace.
- In the heart of thriving Downtown West Palm Beach CBD, coined "Wall Street South" fueled by an influx of financial institutions relocating from NYC.
- Close Walking Proximity to Thousands of Class "A" Multi-Family and Condo Units, New Class "A" Hotels, and the High Speed Brightline Train Station.
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