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For Sale Available Listing #84130

937,500 SF Apartment For Sale — $7,500,000 — 172 N County Rd, Palm Beach – #84130

172 N County Rd · Price Per Unit · Palm Beach, FL 33480
937,500 SFAvailable space
ApartmentProperty type
1943Year built
Quick Unit Specs
For Sale
$7,500,000 Asking Price
$8.00 Price / SF
— Cap Rate
— NOI
1,614 / 278 days Days on market / avg to sell
The Space
937,500 SF Sq Ft
Apartment Type
Price Per Unit 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
Space Description & Highlights
Only 1 block from the ocean.
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
8-unit CBS building consisting of two 1 bedroom/1 bath units and six studios. Only 1 block from the ocean. Amazing opportunity to own an income-producing property on the island with tons of upside!
Approved Uses by Zoning — Town-Serving Commercial (C-TS)

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
Retail and service establishments, such as hardware stores, food stores, clothing stores, drugstores, barbershops, beauty salons and jewelry stores (maximum 3,000 sq ft gross leasable area), Offices, executive office suites, professional services, business services, excluding veterinarian offices, and securities and financial brokerage and trust companies above the first floor (maximum 3,000 sq ft GLA), Offices, professional services, business services and securities and financial brokerage and trust companies in the 200 block of Peruvian Avenue and Bradley Place (maximum 3,000 sq ft GLA), Nonprofit cultural centers, Professional and studio type schools, Storage facility related to a permitted or special exception use in the district (must meet Sec. 134-1760 conditions), Essential services, Public parks, Residence(s) above the first floor, Supplemental off-site shared parking per Secs. 134-2177 and 134-2182
With special approval
Public or private parking lots or storage garages, Auto rental lots, Private social, swimming, golf, tennis and yacht clubs, Service stations, Public structures/uses, Essential services related to town-owned municipal buildings and structures, Supplemental parking per Secs. 134-2177 and 134-2182, Public or private academic schools located south of 2500 South Ocean Boulevard, Drive-in business service facilities, Churches, synagogues or other houses of worship, Permitted uses, or uses not enumerated but with similar traffic, patronage and intensity of use, which are greater than 3,000 sq ft gross leasable area, Banks and financial institutions, excluding securities or financial brokerage and trust companies, Roof-deck automobile parking, Outdoor cafe seating (only for restaurants, retail specialty food incl. takeout-only prepared food, and private clubs; Secs. 134-2104 to 134-2108), Veterinarian offices above the first floor, Museums occupying a building of unique value as a designated historical landmark, Nightclubs, Offices (excluding executive office suites), professional services, business services and securities or financial brokerage and trust companies on the first floor (only if at least 50 percent of existing uses on all floors of the building are offices and more than 50 percent of first-floor uses within 300 ft are offices), except as in 134-1107(3), Private parks, Outdoor promotional events (Sec. 134-2115), Restaurants, excluding formula restaurants and bars/lounges
Read the full C-TS zoning guide ›

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

This property fronts N County Rd, which FDOT counts at the figure below (2025).
6,500vehicles / day on N County Rd (AADT)
I‑95 (interstate) 255,000
Florida Turnpike 95,000
Okeechobee Blvd 62,000
US‑1 / Federal Hwy 46,000
Military Trail 40,000
Royal Pinciana Way0.2 mi 12,100
Cocoanut Row0.3 mi 7,200
◆ N County Rd 6,500
Bradley Pl0.2 mi 6,500
This property Nearest FDOT-counted roads (distance) County's busiest roads (approx. peak) Vehicles per day (AADT)
This frontage carries about 3% 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 003512

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.
1,407
Population
$163,750
Median Household Income
75
Median Age
882
Households
$2,000,001
Median Home Value
Household Income of 882 households
<$50k126 14%
$50–100k172 20%
$100–150k135 15%
$150k+449 51%
Age of 1,407 residents
Under 1850 4%
18–34100 7%
35–54174 12%
55–64128 9%
65+955 68%

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
2,708
population
1,601 households
$280,164 avg income
3 Miles
58,469
population
25,636 households
$139,160 avg income
5 Miles
150,484
population
60,712 households
$104,174 avg income
Street View Click to load · then drag to look around
Asking Price
$7,500,000
Listing Courtesy of Douglas Elliman
Matthias Fretz
Matthias Fretz
Douglas Elliman
Inquire about this property
Key highlights
  • Eight-unit multifamily asset featuring two one-bedroom units and six studio apartments.
  • Masonry construction with a two-story low-rise apartment configuration.
  • Located just one block from the Atlantic Ocean on Palm Beach Island.
Appraiser Data
Parcel Control No.50434315080000011
MunicipalityPalm Beach
Assessed Value$2,666,534
Land Value$2,583,340
Legal Description
BUNGALOW PARK ADD
Sale History
Sale 1$428,941 · 2/2019
Source: Palm Beach County Appraiser Records
Proximity
✈ Airports
Palm Beach Intl (PBI) 6.2 mi 14 min drive
Ft. Lauderdale (FLL) 45.2 mi
Miami Intl (MIA) 65.8 mi
⚓ Seaports
Port of Palm Beach 3.5 mi
Port Everglades 43.6 mi
PortMiami 65.7 mi
Building Specifications
CityPalm Beach, FL
ZIP Code33480
Year Built1943
Total Building SF1,836 SF
Total Available937,500 SF
Land Area4,010 SF
Frontage70.0
Lot Size0.16 AC
Floor Area Ratio0.458
Walk Score60/100