Investment Overview

Marcus & Millichap is pleased to present Piper Village West, a 68 (out of 69) unit condominium community consisting of five three-story buildings built in 1973, totaling approximately 75,870 square feet on 3.25 acres. Constructed of concrete block with concrete flat roofs and central air conditioning throughout, the property offers a predominantly family-oriented unit mix with sixty-six three-bedroom/two-bathroom units and three two-bedroom/two-bathroom units, each averaging approximately 1,115 square feet. Piper Village West benefits from its proximity to several major redevelopment initiatives that are reshaping the West Palm Beach region. Just north of the property, Northwood Village is undergoing a transformative expansion centered on The District at Northwood, a mixed-use project under construction that will deliver approximately 382 residential units across three buildings along with ~63,000 square feet of commercial and retail space and significant public open space. The District includes a mix of studio, one-, and two-bedroom apartments, ground-floor retail, co-working spaces, fitness and entertainment amenities, and hundreds of new parking spaces, establishing a vibrant “Village Square” destination that will attract residents, visitors, and businesses alike. A short distance south and east lies the NORA District (North of Railroad Avenue), a transformational 40-acre mixed-use destination being developed in downtown West Palm Beach. Phase I of NORA includes ~150,000 square feet of adaptive reuse and new commercial development featuring retail, dining, wellness, and creative office space, and future phases will introduce a 201-key boutique hotel, additional retail and hospitality offerings, and hundreds of residential units designed to activate the neighborhood and expand the city’s urban core. This proximity to high-profile mixed-use growth corridors places Piper Village West within the orbit of some of West Palm Beach’s most dynamic economic drivers. The region continues to attract public and private investment that reinforces walkability, lifestyle amenities, and transit-oriented development, while employment growth in nearby Downtown and along the I-95 corridor supports strong rental demand. Piper Village West offers investors the opportunity to acquire a well-constructed, mid-sized multifamily asset with durable infrastructure, family-friendly layouts, and long-term upside supported by major adjacent redevelopment projects that are expanding the city’s residential, retail, and entertainment landscape.