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- LoopNet Team
695 S Olive Ave
West Palm Beach, FL 33401
C U R R E N T · Property For Lease
·
124,100 SF
HIGHLIGHTS
- Distinguished neighborhood shopping location with an average household income exceeding $89,000 within 2 miles
- Nearby tenants include H&M, Urban Outfitter, Meraki Juice Kitchen, Anthropologie, Sephora and many more.
- 24 on-site parking spaces in addition to ample on street parking.
- Total daytime population of 176,901 within 5 miles of the site.
- Walking distance to some of the city's most popular nightlife destinations as well as Clematis St, the historical heart of Downtown West Palm Beach.
- Retail space available that feature over 2,500 SF of outdoor patio space.
ABOUT THE PROPERTY
Native Realty is proud to present this rare ground floor retail & restaurant opportunity at CURRENT, a mixed-use building located within the heart of Downtown West Palm Beach. With a walk score of 94, the site is surrouned by some of the city’s most popular nightlife destinations, as well as Clematis Street, the historical heart of Downtown West Palm Beach. The benefits from close proximity to Rosemary Square, City Place, and the Brightline high-speed rail station connecting Palm Beach with Broward and Dade county. CURRENT is slated for completion in the fourth quarter of 2021 and consists of eight-stories and 217-units. CURRENT will include a resident co-working lounge, bike storage, laundry facilities resort-style pool, package lockers, fitness center, and a controlled-access garage. The property features on-site parking for the Retail & Restaurant spaces. The Downtown Core contains a wide variety of property types including many older commercial structures with a number of new development projects both recently completed and underway. The Alexander, Broadstone City Center, and Park Line Apartments are 3 brand new apartment/condominium projects that were recently completed within a few blocks of the subject. The Bristol, One West Palm, 360 Rosemary, and Flagler Banyan Square are currently under construction and will bring 650 luxury apartment/condominium units, over 700,000 square feet of office/retail space, and 2 hotels. This area has been experiencing high demand with an increase in property values, occupancy levels, and rent levels in the area have increased over the past several years. This is a unique opportunity to secure new construction in the heart of Downtown with a built in customer base from the apartments upstairs. Format: NNN (estimated $8.50/ft 2021) Size: 1,756-6,332 sq. feet Suite 1: 2,209 sq. feet + 1,197 sq. feet outdoor patio Suite 2: 1,756 sq. feet Suite 3: 2,367 sq. feet Suite 4: 1,528 sq. feet + 2,048 sq. feet outdoor patio Parking: On-Site Retail & Restaurant Parking Zoning: Central Business District
PROPERTY FACTS
| Property Type | Multifamily | Building Size | 124,100 SF |
| Property Subtype | Apartment | Year Built | 2022 |
| Apartment Style | Mid-Rise |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Size | 124,100 SF |
| Year Built | 2022 |
