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123 S Olive Ave 2,625 SF Retail Building West Palm Beach, FL 33401 $5,200,000 ($1,980.95/SF) 1% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Down Town West Palm Beach
  • Great busy restaurant 17 years in business/Full Bar
  • Middle of the action

EXECUTIVE SUMMARY

Prime Business and building for sale
Restaurant full liquor bar

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,625 SF
Building Class
C
Year Built/Renovated
1956/2023
Price
$5,200,000
Price Per SF
$1,980.95
Cap Rate
1%
NOI
$52,000
Tenancy
Single
Building Height
1 Story
Building FAR
1.01
Lot Size
0.06 AC
Zoning
CCI - Commercial Restaurant/Bar/Full liquor
Parking
11 Spaces (4.19 Spaces per 1,000 SF Leased)
Frontage
29’ on Olive

AMENITIES

  • 24 Hour Access

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Accommodation and Food Services
  • -
  • -
  • -

We hear it time again, “Hot Pie has the best New York Style Pizza in Florida”. Even New Yorkers tell us they can’t get Pizza like Hot Pie’s back home. To achieve such terrific response, we start with an 80 year old family dough recipe and only the freshest ingredients then bring it together in our coal fired oven; making sure it comes out thin and crispy. In addition to the great Pizza, we have other delicious menu items like the Fillet Mignon Steak Bites, Oven Roasted Chicken Wings, Cheeseburgers, Salads, Sandwiches and Pastas. Along with the wonderful food, we have a really nice wine list and a very comfortable atmosphere for chatting with friends or watching sporting events.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Accommodation and Food Services - - -
Walk Score®
Walker's Paradise (99)
Bike Score®
Very Bikeable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

F45 Training, Inc.
Starbucks
Truist
Charles Schwab
Valley National Bank
PNC Bank
Duffy's Sports Grill
Regions Bank
Publix
CrossFit

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
74-43-43-21-01-012-0192
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$561,374
  • Listing ID: 38423443

  • Date on Market: 11/12/2025

  • Last Updated:

  • Address: 123 S Olive Ave, West Palm Beach, FL 33401

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