2508 North Australian Avenue

West Palm Beach, FL 33407

Listing ID: 187605
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Description

APEX Capital Realty is proud to exclusively present for lease a prime vacant lot of 28,400 SF at 2508 N Australian Ave in West Palm Beach, FL. This site is perfect for a build to suit opportunity for a wide variety of commercial uses, such as quick-service restaurant or a bank with drive-thru. An average daily traffic count of 26,500 cars passing by each day provides a high level of visibility while overlooking serene Lake Magnonia to the West, with its for remarkable sunset views. A newly built waterfront apartment complex has just been completed just across the street. Excellent Build to Suit location in the Palm Beach Lakes neighborhood of West Palm Beach, Florida. Overlooking the serene Lake Magnonia, this 28,400 SF site provides an ideal opportunity for a drive-thru quick-service restaurant operator, bank, and other similar uses. The property is situated about 2 miles east of Palm Beach Outlets, I-95 entrance to Palm Beach Lakes Blvd., and 2 miles north of CityPlace and Downtown West Palm Beach. Ownership just received approval for zoning change to NC – Neighborhood Commercial, allowing for wide variety of uses. Was previously zoned OC – Office Commercial.

Property Overview

Property Type: Vacant Commercial Lot

Lot Size: 28,400 SF

Zoning: NC – Neighborhood Commercial

PRICE UPON REQUEST

Property Highlights

Looking for National Tenant with drive-thru

Build to suit opportunity

26,500 AADT

Very close to Downtown WPB and City Place

Ground Lease possibility

Attachments & Files
Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population13,46191,702195,967
Population Median Age373940
Population by Age0-9 Yrs2042 (15%)10726 (11%)23106 (11%)
10-19 Yrs1770 (13%)10036 (10%)22506 (11%)
20-29 Yrs1857 (13%)16103 (17%)30231 (15%)
30-39 Yrs1673 (12%)12333 (13%)25058 (12%)
40-49 Yrs1554 (11%)10367 (11%)23713 (12%)
50-59 Yrs1901 (14%)11434 (12%)24491 (12%)
60-69 Yrs1449 (10%)10133 (11%)21684 (11%)
70+ Yrs1214 (9%)10570 (11%)25178 (12%)
Median HH Income$37,710$47,500$45,607
Total Household Income< 24K1526 (35%)8938 (25%)18930 (26%)
25-49K1124 (26%)9346 (26%)20189 (27%)
50-74K661 (15%)6119 (17%)13094 (18%)
75-99K377 (8%)3706 (10%)6900 (9%)
100-199K497 (11%)4521 (12%)9482 (13%)
200K+116 (2%)2300 (6%)3673 (5%)
Highest Education LevelNo Diploma1801938023005
Diploma or GED30021664538940
Some College12771130124636
Assoc. Degree662574611829
Bachelors Degree12811302224524
Higher Degree732744013617
Total Housing Units5,39345,86295,184
--Owner-Occupied1,94615,43236,168
--Renter-Occupied2,35519,49836,100
Owner-Occupied Values< 100K529334910972
100-199K742455910210
200-299K29926036459
300-399K14212492331
400-499K786811341
500K+15529914854
Total Working Age Population10,33375,132159,395
In Work Force6,38848,284100,451
Not In Work Force3,94426,84858,944
Workforce Employed5,42943,89792,176
Workforce Unemployed9594,3818,246
Civlian Workforce6,38848,278100,422
Military Workforce0628
Total Households4,30134,93072,268
Family Households2,54318,19040,116
Non-Family Households1,75916,74032,153
Married Couple1,20610,74524,032
Other Family1,3367,44516,084
Married w/Child5363,5768,320
Single Male w/Child765901,612
Single Female w/Child5302,8565,969

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
Palm Beach County1,131,184+171,320,134+121,473,738+111,640,998

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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