Interior
- Bathrooms
- 0
- Flooring
- Other
- Cooling
- Central Air, Electric
- Heating
- Central
Active · Office
$15,000,000
401 N Rosemary Avenue, West Palm Beach, FL 33401
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1925
- Lot size
- —
- HOA fee
- —
- Annual tax
- $14,902
About this property
Exceptional redevelopment Real Estate Portfolio Downtown West Palm Beach, FL consisting of a strategically located real estate at 401, 403, 405, 407, 409, 411, & 413 North Rosemary Avenue, West Palm Beach, FL 33401, inclusive of 5 stories of air rights.This is a rare opportunity to acquire prime property in the dynamic Downtown West Palm Beach corridor—an area experiencing significant growth & redevelopment activity. The portfolio's location, zoning potential, & available air rights create a strong platform for vertical expansion or future mixed-use development.All submissions will be carefully reviewed. The portfolio is being offered as one transaction & will not be subdivided or sold separately.
Property location
Get Directions401 N Rosemary Avenue, West Palm Beach, FL 33401
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Facts & features
Exterior & Structure
- Property type
- Office
- Year built
- 1925
- Roof
- Other
Parking
- Covered spaces
- 0
HOA, Community & Financials
- Annual tax
- $14,902
- County
- Palm Beach
- Days on market
- 342
- MLS listing ID
- R11138384
- Listing status
- Active
Virtual tour
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Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$6,849
- Cap rate
- 5.1%
- Net yield
- 5.1%
- Cash-on-cash return
- -2.0%
- Gross yield
- 6.6%
- Mortgage payment
- $71,108/mo
- Down payment
- $3,750,000
- Loan amount
- $11,250,000
- Annual NOI
- $771,098
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.