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120 S Olive Ave
West Palm Beach, FL 33401

$1,500,000 USD

Restaurant Condo For Sale  •  2,829 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 38,372 SF
  • Lot Size 0.53 AC
  • Building Class B
  • Year Built 1925
  • Tenancy Single
  • Zoning CWD-CD
43 Transit Score
98 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 103/105 Retail 2,829 SF $1,500,000 USD
  • Unit Size: 2,829 SF
  • Condo Use: Retail
  • Price: $1,500,000 USD
  • Sale Type: Owner User
  • Price/SF: $530.22 USD
Description
2,829 SF former restaurant for sale on Datura Street. This retail condominium has been completely demolished on the inside and is ready for a new build-out. Approved building plan and construction permits are in hand for a new concept. The Guaranty Building is one block south of Clematis Street and 50’ east of North Olive Avenue. Nearby restaurants include E. R. Bradley’s Saloon, Avocado Grill, Club Camelot and 123 Datura Bar & Kitchen. The space is on the ground floor of the Guaranty Building and directly across the street from The Harvey Building. Highly visible location on Datura Street (the main entrance to all waterfront events including the Palm Beach Boat Show, Sunfest, 4th on Flagler, etc.). For Sale: $1,500,000.00 Cash to Seller. The price includes brand new kitchen equipment and brand new air-conditioning.

Description 

2,829 SF ground floor restaurant for sale in the Guaranty Building. Units 103 and 105 measure 2,829 rentable square feet and are located just east of the northeast corner of Datura Street and Olive Avenue. This commercial condo is for sale for $1,500,000. Building permit in hand for new upscale design. Brand new kitchen equipment and HVAC systems have been purchased and are included in the sale price.

Highlights

Highly visible locations on Datura Street
Nearby restaurants include E. R. Bradley’s Saloon, Avocado Grill, Club Camelot and 123 Datura Bar & Kitchen
Highly walkable area in downtown West Palm Beach

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
West Palm Beach (Mainline - Brightline) 2 min 6 min 0.4 mi
West Palm Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 2 min - 0.9 mi
AirportDriveWalkDistance
Palm Beach International 11 min - 5.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
William B. Reichel 561-389-0315 Reichel Realty & Investments, Inc.
William B. Reichel 561-389-0315 Reichel Realty & Investments, Inc.