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5179 Broadway - West Palm Beach Fully Permitted Project 0.23 Acres of Residential Land Offered at $998,000 in West Palm Beach, FL 33407
Investment Highlights
- Full site plan, variance, waiver and design approvals in place, with all required studies
- Broadway's mixed-use program supports both a stabilized rental and retail income play or a condominium conversion
- Offering 12 residences averaging 693 SF across six thoughtfully designed unit types
- Positioned within WPB's most active redevelopment corridor, adjacent to Northwood Village and NORA
- Mere blocks from the Intracoastal Waterway, Broadway captures WPB's waterfront lifestyle
Executive Summary
THE ALPHA COMMERCIAL ADVISORS® PRESENTS BROADWAY — A FULLY-PERMITTED MIXED-USE DEVELOPMENT OPPORTUNITY
READY FOR EXECUTION IN WEST PALM BEACH'S EMERGING NORTH END DISTRICT.
Located at the gateway to Palm Beach County's fastest-evolving urban submarket, Broadway is a 12-unit, 3-story mixed-use development along West Palm Beach’s
Broadway Boulevard — a corridor steadily attracting residential density and mixed-use infill as the city's northward growth momentum continues. Positioned
within minutes of Downtown West Palm Beach and adjacent to trendy Northwood Village, this site offers developers a rare combination of approved entitlements,
active permit progression, and a compelling mixed-income unit program slated to supply infill product right in the path of progress for this waterfront district.
Fully entitled and permit-advanced through the City of West Palm Beach, Broadway offers a diverse mix of 1 Bed/1 Bath & 2 Bed/1 Bath residences with ground-floor retail/commercial space — designed across six distinct unit types ranging from 571 to 813 Sq. Ft. With site plan, design, variance and waiver approvals all ready-to-go and master building permit actively in final review, Broadway offers a groundbreaking solution to the lengthy entitlement process to put you right on the return-generation track.
INVESTMENT HIGHLIGHTS
Fully Entitled, Approved & Permitted: Full site plan, variance, waiver and design approvals in place, with all required studies – traffic, fire, police and school concurrency already completed. This is as close to shovel-ready as it gets for developers looking to get off the ground in record time.
Northwood/Broadway Corridor Momentum: Positioned within WPB's most active redevelopment corridor, adjacent to Northwood Village and NORA — the city's newest 150,000 SF hospitality and retail destination — with a city-led zoning overhaul and sustained CRA investment driving the north end's transformation.
Dual Exit Strategy: Broadway's mixed-use program supports both a stabilized rental and retail income play or a condominium conversion— two clearly defined return paths uncontested in the local market.
Intracoastal Proximity, Infill Basis: Mere blocks from the Intracoastal Waterway, Broadway captures WPB's waterfront lifestyle draw at a land basis that still reflects corridor upside rather than destination pricing ahead of buzz-driven inflation.
Curated Unit Mix & Modern Design: Offering 12 diversely-sized residences averaging 693 SF across six thoughtfully designed unit types, ±960 SF of ground-floor retail, and 14 approved on-site parking spaces — all wrapped in a contemporary architectural expression purpose-built for the Northwood/Broadway renter and end-buyer.
READY FOR EXECUTION IN WEST PALM BEACH'S EMERGING NORTH END DISTRICT.
Located at the gateway to Palm Beach County's fastest-evolving urban submarket, Broadway is a 12-unit, 3-story mixed-use development along West Palm Beach’s
Broadway Boulevard — a corridor steadily attracting residential density and mixed-use infill as the city's northward growth momentum continues. Positioned
within minutes of Downtown West Palm Beach and adjacent to trendy Northwood Village, this site offers developers a rare combination of approved entitlements,
active permit progression, and a compelling mixed-income unit program slated to supply infill product right in the path of progress for this waterfront district.
Fully entitled and permit-advanced through the City of West Palm Beach, Broadway offers a diverse mix of 1 Bed/1 Bath & 2 Bed/1 Bath residences with ground-floor retail/commercial space — designed across six distinct unit types ranging from 571 to 813 Sq. Ft. With site plan, design, variance and waiver approvals all ready-to-go and master building permit actively in final review, Broadway offers a groundbreaking solution to the lengthy entitlement process to put you right on the return-generation track.
INVESTMENT HIGHLIGHTS
Fully Entitled, Approved & Permitted: Full site plan, variance, waiver and design approvals in place, with all required studies – traffic, fire, police and school concurrency already completed. This is as close to shovel-ready as it gets for developers looking to get off the ground in record time.
Northwood/Broadway Corridor Momentum: Positioned within WPB's most active redevelopment corridor, adjacent to Northwood Village and NORA — the city's newest 150,000 SF hospitality and retail destination — with a city-led zoning overhaul and sustained CRA investment driving the north end's transformation.
Dual Exit Strategy: Broadway's mixed-use program supports both a stabilized rental and retail income play or a condominium conversion— two clearly defined return paths uncontested in the local market.
Intracoastal Proximity, Infill Basis: Mere blocks from the Intracoastal Waterway, Broadway captures WPB's waterfront lifestyle draw at a land basis that still reflects corridor upside rather than destination pricing ahead of buzz-driven inflation.
Curated Unit Mix & Modern Design: Offering 12 diversely-sized residences averaging 693 SF across six thoughtfully designed unit types, ±960 SF of ground-floor retail, and 14 approved on-site parking spaces — all wrapped in a contemporary architectural expression purpose-built for the Northwood/Broadway renter and end-buyer.
Property Facts
| Price | $998,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units - Condo |
| No. Lots | 1 | Total Lot Size | 0.23 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | BMUD- II - Broadway Mixed - BMUD - II - Broadway Mixed Use - Approved Project Density: 12 units, Approved Project Height: 3 stories, Approved Project Bldg. Area -18,068 BSF | ||
| Price | $998,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 0.23 AC |
| Opportunity Zone |
Yes |
| Zoning | BMUD- II - Broadway Mixed - BMUD - II - Broadway Mixed Use - Approved Project Density: 12 units, Approved Project Height: 3 stories, Approved Project Bldg. Area -18,068 BSF |
1 Lot Available
Lot
| Price | $998,000 | Lot Size | 0.23 AC |
| Price Per AC | $4,339,130.43 |
| Price | $998,000 |
| Price Per AC | $4,339,130.43 |
| Lot Size | 0.23 AC |
1 1
Fairly walkable
50/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 74-43-43-04-08-058-0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $108,229 |
Property Taxes
Parcel Number
74-43-43-04-08-058-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$108,229
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5179 Broadway - West Palm Beach Fully Permitted Project
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