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Office

BB&T Centre

2001 Broadway Ave, Riviera Beach, FL 33404

Listing Price: $6,300,000

Cap Rate
2.43%
Gross SF
58,460
Rentable SF
58,460
Price/Gross SF
$107.77
Lot Size
2.27 acres
Year Built
1960

Investment Overview

Marcus & Millichap is proud to present 2001 Broadway, a six-story office building located in Riviera Beach, Florida. The building consists of approximately 58,460 square feet of rentable space and is situated on a 2.27-acre parcel (or 64,934 square feet). The property sits directly on Broadway Avenue (SR A1A), which has high traffic counts of over 22,500 vehicles per day (VPD) and serves as a main artery road that goes north and south through Riviera Beach. This location provides easy access to Palm Beach, Singer Island and I-95 (Interstate 95).

Riviera Beach is going through significant renovation and is giving incentives for redevelopment along the Broadway Avenue Corridor through new liberal zoning laws. There is also a $375 million redevelopment underway for the Riviera Beach Marina District, which will be a marina-anchored, mixed-use, retail, restaurant, entertainment and recreation destination in an authentic village setting at the gateway to Peanut Island Eco-Park. The marina is bordered by 16th Street to the north, the intracoastal waterway to the east, 11th Street to the south and Broadway to the west.

2001 Broadway has been exceptionally maintained and provides professional curb appeal, abundant parking, and high visibility signage opportunities. The building is currently 68% occupied with a mix of professional tenants and has approximately 129 parking spots. This building provides an excellent value-add opportunity due to the current vacancy and upside in rents. The interior of the building has a combination of private offices and open floor space allowing for a variety of uses and easy reconfiguration.

2001 Broadway is the perfect opportunity for an owner-user or investor looking to stabilize the building and take advantage of the upside in rents.

Investment Highlights

  • Value-Add Opportunity with Upside in Rents and Occupancy
  • Great Exposure with Excellent Visibility
  • Located Directly on Broadway Avenue, Which Provides Traffic Counts of Over 22,500 VPD
  • Easy Access to Palm Beach, Singer Island and I-95 (Interstate 95)
  • DC - Downtown Core Zoning

Exclusively Listed By

Listing Price: $6,300,000

Cap Rate
2.43%
Gross SF
58,460
Rentable SF
58,460
Price/Gross SF
$107.77
Lot Size
2.27 acres
Year Built
1960

Investment Highlights

  • Value-Add Opportunity with Upside in Rents and Occupancy
  • Great Exposure with Excellent Visibility
  • Located Directly on Broadway Avenue, Which Provides Traffic Counts of Over 22,500 VPD
  • Easy Access to Palm Beach, Singer Island and I-95 (Interstate 95)
  • DC - Downtown Core Zoning

Investment Overview

Marcus & Millichap is proud to present 2001 Broadway, a six-story office building located in Riviera Beach, Florida. The building consists of approximately 58,460 square feet of rentable space and is situated on a 2.27-acre parcel (or 64,934 square feet). The property sits directly on Broadway Avenue (SR A1A), which has high traffic counts of over 22,500 vehicles per day (VPD) and serves as a main artery road that goes north and south through Riviera Beach. This location provides easy access to Palm Beach, Singer Island and I-95 (Interstate 95).

Riviera Beach is going through significant renovation and is giving incentives for redevelopment along the Broadway Avenue Corridor through new liberal zoning laws. There is also a $375 million redevelopment underway for the Riviera Beach Marina District, which will be a marina-anchored, mixed-use, retail, restaurant, entertainment and recreation destination in an authentic village setting at the gateway to Peanut Island Eco-Park. The marina is bordered by 16th Street to the north, the intracoastal waterway to the east, 11th Street to the south and Broadway to the west.

2001 Broadway has been exceptionally maintained and provides professional curb appeal, abundant parking, and high visibility signage opportunities. The building is currently 68% occupied with a mix of professional tenants and has approximately 129 parking spots. This building provides an excellent value-add opportunity due to the current vacancy and upside in rents. The interior of the building has a combination of private offices and open floor space allowing for a variety of uses and easy reconfiguration.

2001 Broadway is the perfect opportunity for an owner-user or investor looking to stabilize the building and take advantage of the upside in rents.

Exclusively Listed By

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