Building Description
Executive Summary
Offered for sale is a well-located, institutional-quality retail strip center in North Palm Beach, Florida, totaling 20,008 square feet on a 2.42-acre site. The property is 100% leased to a strong mix of nationally and regionally recognized tenants, including Waterfront Properties, City Mattress, and Third Federal, all operating under NNN lease structures, providing passive and predictable cash flow for ownership.
The center features direct frontage on US Highway 1, a major north–south corridor with average daily traffic counts exceeding 29,000 vehicles, delivering excellent visibility, access, and signage exposure. The surrounding trade area is supported by exceptional demographics, with over 55,000 residents within a three-mile radius and a median household income exceeding $90,000, reinforcing long-term tenant demand.
The property generates an NOI in excess of $780,000, offering an attractive return in a high-barrier-to-entry, affluent coastal market. With stabilized NNN leases, strong in-place income, and an irreplaceable location, this asset presents an outstanding opportunity for investors seeking durable cash flow and long-term appreciation in South Florida.
Approved Uses by Zoning — General Commercial (CG)
Uses permitted by right under the municipality’s zoning for this district. The property may carry additional restrictions (deed, association or lease), so tenants are responsible for confirming their intended use with the municipality and landlord before committing.
Allowed by right
Adult Entertainment (DRO site-plan review), Agriculture, Sales and Service, Agriculture, Storage, Assembly Institutional Nonprofit (DRO site-plan review), Assembly Membership Nonprofit (DRO site-plan review), Auction, Indoor, Car Wash (DRO site-plan review), Catering Service, Community Vegetable Garden, Convenience Store, Data and Information Processing, Day Care Limited (DRO site-plan review), Distribution Facility (DRO site-plan review), Dog Day Care (DRO site-plan review), Electric Distribution Substation (DRO site-plan review), Farmers Market, Financial Institution, Financial Institution with Drive-Through Facilities (DRO site-plan review), Financial Institution – Freestanding ATM (DRO site-plan review), Fitness Center, Flea Market, Indoor, Government Services, Green Market (DRO site-plan review), Hotel or Motel, Kennel, Type 2 (Commercial) (DRO site-plan review), Kennel, Type 3 (Commercial Enclosed), Manufacturing and Processing (DRO site-plan review), Medical or Dental Laboratory, Medical or Dental Office, Minor Utility (DRO site-plan review), Multi-Media Production (DRO site-plan review), Nursery, Retail, Nursery, Wholesale, Office, Business or Professional, Park, Neighborhood Infill, Park, Passive, Park, Public (DRO site-plan review), Parking, Commercial (DRO site-plan review), Personal Services, Place of Worship (DRO site-plan review), Produce Stand (DRO site-plan review), Renewable Energy Solar Facility (DRO site-plan review), Repair Services, Limited, Repair and Maintenance, Light (DRO site-plan review), Research and Development (DRO site-plan review), Restaurant, Type 2 (DRO site-plan review), Retail Sales, Shade House, Stable, Commercial (DRO site-plan review), Veterinary Clinic, Vocational Institution, Warehouse (DRO site-plan review), Wholesaling (DRO site-plan review), Work/Live Space (DRO site-plan review)
With special approval
Agricultural Excavation, Agriculture, Bona Fide, Agriculture, Packing Plant, Animal Shelter, Arena or Stadium or Amphitheater, Auction, Outdoor, Cemetery, Cocktail Lounge, College or University, Crematory, Day Care General, Dispatching Service, Electric Power Plant, Electric Transmission Substation, Entertainment, Indoor, Entertainment, Outdoor, Equestrian Arena, Commercial, Flea Market, Outdoor, Funeral Home, Gas and Fuel Sales, Retail, Golf Course, Heliport, Homeless Resource Center, Hospital, Landscape Service, Laundry Service, Marina, Pawnshop, Recycling Center, Renewable Energy Wind Facility, Repair and Maintenance, Heavy, Restaurant, Type 1, School – Elementary or Secondary, Self-Service Storage, Limited Access, Self-Service Storage, Multi-Access, Shooting Range, Indoor, Skilled Nursing or Residential Treatment Facility, Solid Waste Transfer Station, Theater and Performance Venue, Transportation Facility, Type 2 Excavation, Type 3A Excavation, Type 3B Excavation, Vehicle Sales and Rental, Light, Vehicle or Equipment Sales and Rental, Heavy, Water or Wastewater Treatment Plant, Zoo
Read the full CG zoning guide ›
