Single Family Home

$ 7,000,000
  • 28 bed
  • 28 bath
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Details
    • Listed on:
      August 18, 2025
    • Days on Market:
      303
    • Maintenance:
      n/a
    • Taxes:
      $ 29,540 per year
    • Year:
      1955
    • Furniture:
      Unfurnished
    • Floor Description:
      -
    • Terms Considered:
      Cash, Conventional
    • View from Apartment:
      -
    • Parking:
      -
  • Building Features:
    • Sidewalk
  • Interior Features:
    • Family Room
  • Exterior Features:
    • Exterior Cat Walk
    • Open Balcony
  • Legal Description:
    200 east palmetto park condo unit ph -1
Description
Unlock the full potential of this rare and expansive 1-acre property located in the heart of the rapidly growing SoSo neighborhood along highly visible Dixie Highway. With 28 existing rooms across 4 income-generating structures totaling 10,883 SF under air, this property presents an exceptional opportunity to restore, redevelop, or reposition in one of West Palm Beach's most active commercial corridors.

Zoning: Neighborhood Commercial - offering flexibility for hospitality, mixed-use, or commercial redevelopment. Lot Size: Largest hospitality parcel in the south end at 1 acre. Room Count: 28 rooms currently, with potential for expansion up to 32. Structures: 4 buildings onsite - allowing phased redevelopment while maintaining revenue from existing units. Parking: 20+ marked spaces with ample room for guest use and future amenities. Future Growth Potential: If property left as-is, option for additional structure in northeast corner of the lot and ample space to add a pool or enhance amenities in multiple different areas on site.

Visibility: Over 21,500 AADT on Dixie Hwy. Strategic Positioning: Directly across from the Winn Dixie shopping center recently acquired, and adjacent to large-scale developments including Trader Joe's, national retailers, apartments, and grocers under construction. Connectivity: Only 5 minutes to Downtown West Palm Beach, I-95, and major regional attractions. Inquire within regarding local comparable sale, highlighting the value and upside potential of this offering.

This is a rare chance to own and reimagine a cornerstone property in a booming submarket. Whether you're seeking a boutique hotel, a branded hospitality concept, or a mixed-use redevelopment, the framework is already in place.

Come and explore the potential of this one-of-a-kind opportunity.
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