426 Claremore Dr, West Palm Beach, FL 33401
20,500 SF | Industrial Building | West Palm Beach, FL 33401 | $4,500,000 ($220/SF)
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $4,500,000
- Property Type
-
Industrial
- Price / Square Foot
- $220
Listing Contacts
Bastian Schauer
Verified Profile
Mark Rubin
Verified Profile
- Property Info
Property Overview
On behalf of the owner, the Colliers | South Florida Investment Services Team is pleased to present for sale 426 Claremore Drive (the “Property” or “Building”) in West Palm Beach, Florida. Located in one of the most desirable submarkets in Florida, the Property is positioned just blocks south of Downtown West Palm Beach in between US-1 and Parker Avenue. The Building presents a highly attractive and unique opportunity to owner/users and investors looking for real estate in a vibrant and growing part of one of South Florida’s largest cities.
West Palm Beach features outstanding market fundamentals with low vacancies, tremendous rent growth, and strong demographics from income and household growth. The area has increasingly become a highly sought-after location for wide ranges of tenants as organizations look to either relocate or open secondary locations in the region. The Property’s central location and proximity to Downtown, the Palm Beach Airport, I-95, and the beaches is very appealing to a swath of tenants. Furthermore, there is interesting development activity surrounding the Property; notably The Greene School’s expansion just north of the Building and The Press/ Shoppes at the Press redevelopment just south.
The in-place zoning allows for a wide range of uses by right including retail, office, and medical office. Combined with close proximity to Downtown West Palm Beach, The Square, and Brightline Station; and direct access to I-95, the Property presents a one-of-a-kind opportunity for both investors and owner/users alike.
West Palm Beach features outstanding market fundamentals with low vacancies, tremendous rent growth, and strong demographics from income and household growth. The area has increasingly become a highly sought-after location for wide ranges of tenants as organizations look to either relocate or open secondary locations in the region. The Property’s central location and proximity to Downtown, the Palm Beach Airport, I-95, and the beaches is very appealing to a swath of tenants. Furthermore, there is interesting development activity surrounding the Property; notably The Greene School’s expansion just north of the Building and The Press/ Shoppes at the Press redevelopment just south.
The in-place zoning allows for a wide range of uses by right including retail, office, and medical office. Combined with close proximity to Downtown West Palm Beach, The Square, and Brightline Station; and direct access to I-95, the Property presents a one-of-a-kind opportunity for both investors and owner/users alike.
Property Details
- Class
- C
- Year Built
- 1925
- Stories
- 2
- Property Subtype
- Service
- Lot Size (sq. ft)
- 11,326 SF
Highlights
- In the heart of a surging market and surrounded by activity including The Greene School’s expansion and redevelopment of Press/Shoppes at the Press.
- Fantastic access to I-95 between Belvedere Road and Okeechobee Boulevard.
- Ideal investment for owner/ users and investors drawn to the appeal of West Palm Beach.
- Well located Property just blocks south of Downtown West Palm Beach and steps from US-1.
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