900 Us Highway 1, Jupiter, FL 33477
37,000 SF | Office Building | Jupiter, FL 33477 | $23,000,000 ($622/SF)
For Sale
Active
Asking Price $23,000,000
- Property Type
-
Office
- Square Feet
- 37,000 SF
- Price / Square Foot
- $622
Listing Contacts
Maria Gomez
Property Overview
NO FINANCING OFFERS ACCEPTED. PROOF OF FUNDS REQUIRED.
Seize this prime opportunity to acquire River Plaza Office Complex, a 4.75-acre waterfront property with gorgeous views and two existing modern office buildings. City-approved plans for an additional office development with an attached garage have been acquired, presenting massive long-term upside to an investor or user.
The 37,000-square-foot property benefits from a strong anchor tenant, Merrill Lynch, with additional tenants on shorter leases, waiting for the new owner to renew or make strategic changes aligning with the development of the property. The property is zoned for office, medical, residential, hospitality, and mixed uses, providing nearly limitless potential.
River Plaza Office Complex enjoys a strategic location north of Palm Beach, with direct frontage along the famous Highway 1, just fifteen minutes from Interstate 95, providing quick and easy commutes. The well-positioned property is south of E Indiantown Road, a major commercial node with grocery stores, national retailers, and popular restaurants. The area offers a strong workforce pipeline, with daytime employment of over 132,000 within 10 miles of the property. Office rents in the submarket have grown by an impressive 22.9% over the past three years, with limited new deliveries creating additional demand for this type of high-quality asset.
THE PROJECT
Below is the video link of the unanimously approved City of Jupiter development project.
The building on the right is existing, and the building on the left, with a garage, received unanimous City and Planning site approval: https://spaces.hightail.com/receive/5SFxGS3TkA
THE DESIGN TEAM
The development project was incredibly designed by a team of award-winning professionals in the industry that understand the City of Jupiter's land planning needs and requirements.
Rick Gonzalez AIA, https://www.regarchitects.com/, leads an award-winning 30-year-old firm whose design standards have been used as examples for Palm Beach County’s Architectural Guidelines.
Don Hearing of Cotleur & Hearing provided professional services in the disciplines of landscape architecture, residential landscape, design/build, and land planning.
Seize this prime opportunity to acquire River Plaza Office Complex, a 4.75-acre waterfront property with gorgeous views and two existing modern office buildings. City-approved plans for an additional office development with an attached garage have been acquired, presenting massive long-term upside to an investor or user.
The 37,000-square-foot property benefits from a strong anchor tenant, Merrill Lynch, with additional tenants on shorter leases, waiting for the new owner to renew or make strategic changes aligning with the development of the property. The property is zoned for office, medical, residential, hospitality, and mixed uses, providing nearly limitless potential.
River Plaza Office Complex enjoys a strategic location north of Palm Beach, with direct frontage along the famous Highway 1, just fifteen minutes from Interstate 95, providing quick and easy commutes. The well-positioned property is south of E Indiantown Road, a major commercial node with grocery stores, national retailers, and popular restaurants. The area offers a strong workforce pipeline, with daytime employment of over 132,000 within 10 miles of the property. Office rents in the submarket have grown by an impressive 22.9% over the past three years, with limited new deliveries creating additional demand for this type of high-quality asset.
THE PROJECT
Below is the video link of the unanimously approved City of Jupiter development project.
The building on the right is existing, and the building on the left, with a garage, received unanimous City and Planning site approval: https://spaces.hightail.com/receive/5SFxGS3TkA
THE DESIGN TEAM
The development project was incredibly designed by a team of award-winning professionals in the industry that understand the City of Jupiter's land planning needs and requirements.
Rick Gonzalez AIA, https://www.regarchitects.com/, leads an award-winning 30-year-old firm whose design standards have been used as examples for Palm Beach County’s Architectural Guidelines.
Don Hearing of Cotleur & Hearing provided professional services in the disciplines of landscape architecture, residential landscape, design/build, and land planning.
Property Details
- Class
- B
- Year Built
- 1985
- Stories
- 5
- Property Subtype
- Telecom Hotel/Data Hosting, Medical, Office/Residential, Office Live/Work Unit
- Lot Size (sq. ft)
- 206,474 SF
Highlights
- Waterfront office park with approved plans for an additional office development and garage, providing huge long-term potential to a user or investor.
- River Plaza Office Complex is highly accessible, with direct frontage along Highway 1, just 15 minutes from Interstate 95.
- Merrill Lynch anchors the property, and other tenants are on shorter leases, allowing flexibility for a new owner to renew or use the space.
- Local submarket office rents have increased by 22.9% over the past three years, with limited new deliveries minimizing supply-side pressure.
All available spaces
- Space
- 1st Fl-Ste 105
- Size
- 1,203 SF
- Space
- 2nd Fl-Ste 201
- Size
- 1,372 SF
- Space
- 2nd Fl-Ste 205
- Size
- 886 SF
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