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For Sale Available Listing #84013

5,452 SF Strip Center For Sale — $20,000,000 — 401-413 N Rosemary Ave, West Palm Beach, West Palm Beach – #84013

401-413 N Rosemary Ave, West Palm Beach · Entire Property
5,452 SFAvailable space
Shopping CenterProperty type
1925Year built
Quick Unit Specs
For Sale
$20,000,000 Asking Price
$3,668.38 Price / SF
— Cap Rate
— NOI
338 / 257 days Days on market / avg to sell
The Space
5,452 SF Sq Ft
Shopping Center Type
Entire Property Suite
— Condition
Available Status
For Sale Listing Type
Now Available
— Op. Expenses
— Clear Height
— Drive-In Bays
— Dock-High Bays
— Yard
— Office SF
— Restrooms
— Power
— HVAC
— Estimated Parking
— Parking Ratio
Location Map Click to explore · switch to satellite inside the map
Floor Plan
Floor plan not available yet Ask us and we'll get it to you as soon as it's available.
Building Description
Executive Summary
Premium 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 a single transaction & will not be subdivided or sold separately. The existing structures are anticipated to be removed by the buyer, presenting a significant redevelopment opportunity in prime downtown WPB. Brokers & investors, please submit Letters of Intent (LOIs) and proposals to . All measurements, dimensions, property details, & info provided are approximate & intended for general informational purposes only. Buyers & their reps are advised to conduct their own due diligence & independently verify all info, inc but not limited to: property boundaries, sq ftge, zoning, land use, air rights, structural conditions, & other relevant data. Neither the seller, listing broker, their agents make any representations or warranties, expressed or implied, to the accuracy of the info provided
Any Broker Advertise: No
Zoning — NWD-5
COMMERCIAL (1000)Zoning: NWD-5 (city)/URBAN CENTER

Frontage Traffic vs. Nearby & Palm Beach County's Busiest Roads

This property fronts N Rosemary Ave, which FDOT counts at the figure below (2025).
18,100vehicles / day on N Rosemary Ave (AADT)
I‑95 (interstate) 255,000
Florida Turnpike 95,000
Okeechobee Blvd 62,000
US‑1 / Federal Hwy 46,000
Military Trail 40,000
◆ N Rosemary Ave 18,100
S Sapodilla Ave0.2 mi 18,100
Banyan Blvd / 1st St0.1 mi 16,000
Quadrille Blvd0.1 mi 13,500
N Dixie Hwy0.2 mi 7,300
This property Nearest FDOT-counted roads (distance) County's busiest roads (approx. peak) Vehicles per day (AADT)
This frontage carries about 7% of I‑95's volume — lighter neighborhood traffic.
Risk & Incentives
🌊 Flood Zone X · minimal ✓ Not in Flood Hazard Not an Opportunity Zone

Neighborhood Demographics · Census Tract 002400

Figures for the census tract this property sits in — the immediate surrounding neighborhood (roughly ½–2 sq. mi). For distance‑based totals, see the 1 / 3 / 5‑mile rings below.
2,151
Population
$39,308
Median Household Income
32
Median Age
746
Households
$222,900
Median Home Value
Household Income of 746 households
<$50k471 63%
$50–100k204 27%
$100–150k67 9%
$150k+4 1%
Age of 2,151 residents
Under 18644 30%
18–34553 26%
35–54592 28%
55–64255 12%
65+107 5%

Trade-Area Rings · Distance from Property

Everyone living within a straight‑line radius of the property — the classic retail trade area. Each ring is cumulative (the 3‑mile total includes the 1‑mile).
1 Mile
16,303
population
8,075 households
$102,185 avg income
3 Miles
84,306
population
34,820 households
$118,098 avg income
5 Miles
188,696
population
76,837 households
$95,561 avg income
Street View Click to load · then drag to look around
Asking Price
$20,000,000
Listing Courtesy of Legacy Group
Carmella Smith
Carmella Smith
Legacy Group
Inquire about this property
Key highlights
  • Strong redevelopment momentum
  • Strong potential for appreciation if the development is executed well.
  • Location context is favorable
Appraiser Data
Parcel Control No.74434321060260192
DOR Use Code1100 — STRIP SHOPPING
MunicipalityWest Palm Beach
Assessed Value$797,575
Land Value$223,675
Improvement Value$526,740
Legal Description
CLOWS ADDITION
Sale History
Sale 1$45,000 · 1/1978
Source: Palm Beach County Appraiser Records
Proximity
✈ Airports
Palm Beach Intl (PBI) 3.3 mi 11 min drive
Ft. Lauderdale (FLL) 44.8 mi
Miami Intl (MIA) 65.2 mi
⚓ Seaports
Port of Palm Beach 3.8 mi
Port Everglades 43.2 mi
PortMiami 65.2 mi
Building Specifications
CityWest Palm Beach, FL
ZIP Code33401
ZoningNWD-5
Year Built1925
Gross Leasable Area5,452 SF
Total Building SF5,452 SF
Land Area8,947 SF
Lot Size0.21 AC
ConstructionSTUCCO ON MASON
Floor Area Ratio0.609
Percent Leased100%
AmenitiesReception; Storage Space; Natural Light; Air Conditioning
Walk Score70/100