Miscellaneous
359 10th Street - Palm Beach County - Mixed-use
359 10th St, Lake Park, FL 33403
Listing Price: $1,500,000
Investment Overview
Marcus & Millichap is pleased to present its Broker Opinion of Value for the commercial property located at 359 10th Street in Lake Park, Florida. An opportunity loaded with upsides; the property provides income in place with a month-to-month lease at below-market rent. The building spans 6,624 square feet and sits on a large 0.35-acre lot on the hard corner with strong frontage on 10th street. Thoughtfully maintained by current ownership, the building is noticeably clean and highly versatile with the capacity to accommodate several permitted uses. As it’s depicted by the Zoning Page, the property could be utilized for animal care, banks, restaurants, salons, office uses, instructional studios, residential uses, and many others. The building can also be broken into two different addresses and used to further the possibility of repositioning the property in the future.
Situated within Palm Beach County, the subject property is located directly across from a much anticipated and greatly transformative project, the “Residences at 10th and Park.” The 595-unit residential project features two 12-story residential towers positioned above a four-story publicly accessible parking deck, with a pedestrian bridge connecting the buildings over Greenbriar Court, nearby retail options, and a restaurant. Boasting a range of amenities, the include an elevated exterior deck with a luxurious pool, a lounge area, an elegantly landscaped outdoor terrace, and a fitness center. With 67 dedicated public parking spaces, development enhancements include the addition of a pocket park, mural art, improved landscaping, better lighting along Park Avenue and 10th Street, and a new Palm Tran bus stop with a covered shelter. The project received unanimous approval from the Town of Lake Park Planning and Zoning Board in June 2024 and envisions the construction of a luxury apartment community with retail and a restaurant. A Community Outreach Meeting was held, expanding public notification beyond the Town of Lake Park's code requirements, followed by certified mail notices to residents near the site for the Planning & Zoning Board meeting, which included the Residences at 10th & Park. The project received media attention and public notification for all hearings and workshops related to the Planned Area Development District (PADD), which included workshops and presentations focused on increasing density in the Downtown area. Throughout the process, feedback from the community was incorporated into refined concept plans for the development.
Investment Highlights
- Property Spans 6,624 Feet on 0.35-Acre Lot
- High Versatility to Accommodate a Wide Array of Uses
- Across the Street from a 595-Unit Residential Project Featuring Two 12-story Residential Towers Above a 4-Story Public Parking Deck, 67 Dedicated Public Parking Spaces, and a New Palm Trans Covered
- Development Brings in Retail, Restaurants, Enhanced Foot Traffic, and Potential Customer Base
- The Roof has Recently Been Replaced and the Warranty is Transferrable
- Brand New (2) HVAC units - A Three Ton and Five Ton been Recently Replaced
Exclusively Listed By
Listing Price: $1,500,000
Investment Highlights
- Property Spans 6,624 Feet on 0.35-Acre Lot
- High Versatility to Accommodate a Wide Array of Uses
- Across the Street from a 595-Unit Residential Project Featuring Two 12-story Residential Towers Above a 4-Story Public Parking Deck, 67 Dedicated Public Parking Spaces, and a New Palm Trans Covered
- Development Brings in Retail, Restaurants, Enhanced Foot Traffic, and Potential Customer Base
- The Roof has Recently Been Replaced and the Warranty is Transferrable
- Brand New (2) HVAC units - A Three Ton and Five Ton been Recently Replaced
Investment Overview
Marcus & Millichap is pleased to present its Broker Opinion of Value for the commercial property located at 359 10th Street in Lake Park, Florida. An opportunity loaded with upsides; the property provides income in place with a month-to-month lease at below-market rent. The building spans 6,624 square feet and sits on a large 0.35-acre lot on the hard corner with strong frontage on 10th street. Thoughtfully maintained by current ownership, the building is noticeably clean and highly versatile with the capacity to accommodate several permitted uses. As it’s depicted by the Zoning Page, the property could be utilized for animal care, banks, restaurants, salons, office uses, instructional studios, residential uses, and many others. The building can also be broken into two different addresses and used to further the possibility of repositioning the property in the future. Situated within Palm Beach County, the subject property is located directly across from a much anticipated and greatly transformative project, the “Residences at 10th and Park.” The 595-unit residential project features two 12-story residential towers positioned above a four-story publicly accessible parking deck, with a pedestrian bridge connecting the buildings over Greenbriar Court, nearby retail options, and a restaurant. Boasting a range of amenities, the include an elevated exterior deck with a luxurious pool, a lounge area, an elegantly landscaped outdoor terrace, and a fitness center. With 67 dedicated public parking spaces, development enhancements include the addition of a pocket park, mural art, improved landscaping, better lighting along Park Avenue and 10th Street, and a new Palm Tran bus stop with a covered shelter. The project received unanimous approval from the Town of Lake Park Planning and Zoning Board in June 2024 and envisions the construction of a luxury apartment community with retail and a restaurant. A Community Outreach Meeting was held, expanding public notification beyond the Town of Lake Park's code requirements, followed by certified mail notices to residents near the site for the Planning & Zoning Board meeting, which included the Residences at 10th & Park. The project received media attention and public notification for all hearings and workshops related to the Planned Area Development District (PADD), which included workshops and presentations focused on increasing density in the Downtown area. Throughout the process, feedback from the community was incorporated into refined concept plans for the development.
Exclusively Listed By

