Riviera Beach, FL - Riviera Beach Strip
$3,150,000
1901-1939 Broadway, Riviera Beach, FL 33404
5.55
Cap Rate
174,699
NOI
Details:
Description:
• Opportunity to acquire the Riviera Beach Strip, a multi-tenant storefront in Riviera Beach, FL
• At 42% occupancy, a future investor will be able to capitalize on a value-add approach through the lease up of vacancies or re-development
• The site is located at the signalized, hard corner intersection of Broadway and W 20th Street averaging 40,600 VPD
• 3 miles East of Interstate 95 (210,000 VPD), allowing users to benefit from on/off ramp access to the site and surrounding West Palm Beach/Boca Raton/Fort Lauderdale trade areas
• Safe Harbor is considered the world’s largest marina owner and operator. Its parent corporation, Dallas-based Sun Communities, paid $369M for Rybovich’s century-old boatyard on North Flagler Drive in West Palm Beach and the Riviera yard in late 2020
Location

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