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18479574
18479565

312 Clematis St, West Palm Beach, FL 33401

CE
FL SL3265231
Lee & Associates - Broward/Palm Beach
Listed by Lee & Associates - Broward/Palm Beach
$14,950,000
116 days on market
Updated 88 days ago

The Anthony Building - Iconic Clematis Street Trophy

Details
APN 74-43-43-21-01-012-0040
Property Type Office, Retail
Sub Type Creative Office, Storefront
Square Footage 25,296
Net Rentable (SqFt) 23,078
Units 14
Occupancy 30%
Tenancy Multi
Lease Type NNN
Price per SqFt $591
Broker Co-Op Yes
Class B
Year Built 1925
Year Renovated 1998,2024
Buildings 1
Stories 5
Acreage 0.170
Zoning CWD-CD
Investment Type Value Add
Ownership Fee Simple

Iconic & Historic CBD Office & Retail | 23,078 SF

Marketing description

Lee & Associates as exclusive Advisor is pleased to present The Anthony Building, an iconic trophy asset comprising of a 23,078 rentable square foot retail and office building located directly on Historic Clematis Street in the heart of Downtown West Palm Beach's thriving high-energy entertainment and business district. The five-story building features the first two floors converted to a prime, ground-floor retail suite fronting Clematis with 18-foot high ceilings and approximately 850 square feet of mezzanine space and currently housing the very popular tenant Fitness Hub. The top three floors consist of conventional and loft offices with original hardwood flooring and two floors that cover the entire footprint of the building and a penthouse floor that covers approximately 40% of the footprint on the south end of the building with a large rooftop patio accented by three sets of French doors. The buildings façade maintains its original historic and prominent design with three-story decorative columns and carved concrete architectural cornices, moldings and gold-leafed lettering that give the Property tremendous street presence in this trendy location. Currently 30% leased to one tenant, the Property represents valuable upside to the well below market ground floor retail as well as the lease-up or utilization of the 3rd, 4th and 5th floors. Highly flexible office floors allow for multiple smaller tenants or single floor tenants. This is an ideal opportunity for a partial owner/user or investor looking to take advantage of the rising tide market and "Wall Street South" migration trends fueling unseen levels of new development in one of the Southeast's hottest cities

Investment highlights

  • Heart of thriving Downtown West Palm

Beach CBD, in a micro-market dubbed “Wall

Street South”, by major media outlets.

  • Frontage along iconic Clematis Street that

hosts major annual events like Music

Festivals, Palm Beach Boat Show, and weekly

"Clematis By Night" and award winning West

Palm Beach GreenMarket festivities.

  • Prime opportunity for Owner/Users or

Investors to acquire a high-vacancy asset,

capitalize on its potential through cosmetic

enhancements, and benefit from rising

demand.

Listing Contacts

CE
FL SL3265231
Lee & Associates - Broward/Palm Beach
Listed by Lee & Associates - Broward/Palm Beach

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