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Former Ruth's Chris Steakhouse and Austin Rep 661 US Highway 1 7,225 SF Retail Building North Palm Beach, FL 33408 $6,250,000 ($865.05/SF)
Investment Highlights
- High traffic area
- Large site perfect for possible re-development
- Excellent Restaurant/Hospitality opportunity
- Perfect condition
Executive Summary
Excellent North Palm Beach Opportunity! Rare opportunity to own a piece of the thriving North Palm Beach Market. This property is located in the Heart of North Palm Beach along the US Highway #1 corridor. This is a luxury commercial building with incredible access to all parts of North Palm Beach and Palm Beach County. Close to Lost Tree, Seminole Landing, Trump National Golf Course, Bear’s Club, Admiral’s Cove, Frenchman’s Creek, Frenchman’s Reserve, Old Palm, Ballenisles, and the Atlantic Ocean. Building consists of 7,225 SF, on a site consisting of 1.66 acres. Tons of parking on site. High ceilings. High quality construction. Perfect condition. This property is currently operated as a Restaurant. With zoning and the site size there are numerous use potentials for this site. Medical, ALF, Professional use, retail, Etc. Etc.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,225 SF
Building Class
C
Year Built
1982
Price
$6,250,000
Price Per SF
$865.05
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.65 AC
Zoning
CA - COMMERCIAL
Parking
87 Spaces (12.04 Spaces per 1,000 SF Leased)
Frontage
103’ on Us-1 Hwy
Amenities
- 24 Hour Access
- Pylon Sign
- Signage
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 68-43-42-16-02-009-0070 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,911,536 |
Property Taxes
Parcel Number
68-43-42-16-02-009-0070
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,911,536
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Former Ruth's Chris Steakhouse and Austin Rep | 661 US Highway 1