- Service Type
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 Population | 13,461 | 91,702 | 195,967 | |
| Population Median Age | 37 | 39 | 40 | |
| Population by Age | 0-9 Yrs | 2042 (15%) | 10726 (11%) | 23106 (11%) |
| 10-19 Yrs | 1770 (13%) | 10036 (10%) | 22506 (11%) | |
| 20-29 Yrs | 1857 (13%) | 16103 (17%) | 30231 (15%) | |
| 30-39 Yrs | 1673 (12%) | 12333 (13%) | 25058 (12%) | |
| 40-49 Yrs | 1554 (11%) | 10367 (11%) | 23713 (12%) | |
| 50-59 Yrs | 1901 (14%) | 11434 (12%) | 24491 (12%) | |
| 60-69 Yrs | 1449 (10%) | 10133 (11%) | 21684 (11%) | |
| 70+ Yrs | 1214 (9%) | 10570 (11%) | 25178 (12%) | |
| Median HH Income | $37,710 | $47,500 | $45,607 | |
| Total Household Income | < 24K | 1526 (35%) | 8938 (25%) | 18930 (26%) |
| 25-49K | 1124 (26%) | 9346 (26%) | 20189 (27%) | |
| 50-74K | 661 (15%) | 6119 (17%) | 13094 (18%) | |
| 75-99K | 377 (8%) | 3706 (10%) | 6900 (9%) | |
| 100-199K | 497 (11%) | 4521 (12%) | 9482 (13%) | |
| 200K+ | 116 (2%) | 2300 (6%) | 3673 (5%) | |
| Highest Education Level | No Diploma | 1801 | 9380 | 23005 |
| Diploma or GED | 3002 | 16645 | 38940 | |
| Some College | 1277 | 11301 | 24636 | |
| Assoc. Degree | 662 | 5746 | 11829 | |
| Bachelors Degree | 1281 | 13022 | 24524 | |
| Higher Degree | 732 | 7440 | 13617 | |
| Total Housing Units | 5,393 | 45,862 | 95,184 | |
| --Owner-Occupied | 1,946 | 15,432 | 36,168 | |
| --Renter-Occupied | 2,355 | 19,498 | 36,100 | |
| Owner-Occupied Values | < 100K | 529 | 3349 | 10972 |
| 100-199K | 742 | 4559 | 10210 | |
| 200-299K | 299 | 2603 | 6459 | |
| 300-399K | 142 | 1249 | 2331 | |
| 400-499K | 78 | 681 | 1341 | |
| 500K+ | 155 | 2991 | 4854 | |
| Total Working Age Population | 10,333 | 75,132 | 159,395 | |
| In Work Force | 6,388 | 48,284 | 100,451 | |
| Not In Work Force | 3,944 | 26,848 | 58,944 | |
| Workforce Employed | 5,429 | 43,897 | 92,176 | |
| Workforce Unemployed | 959 | 4,381 | 8,246 | |
| Civlian Workforce | 6,388 | 48,278 | 100,422 | |
| Military Workforce | 0 | 6 | 28 | |
| Total Households | 4,301 | 34,930 | 72,268 | |
| Family Households | 2,543 | 18,190 | 40,116 | |
| Non-Family Households | 1,759 | 16,740 | 32,153 | |
| Married Couple | 1,206 | 10,745 | 24,032 | |
| Other Family | 1,336 | 7,445 | 16,084 | |
| Married w/Child | 536 | 3,576 | 8,320 | |
| Single Male w/Child | 76 | 590 | 1,612 | |
| Single Female w/Child | 530 | 2,856 | 5,969 | |
Population Change Last Two Decades - Plus Projection
| 2000 | % | 2010 | % | 2020 | % | 2030 | |
|---|---|---|---|---|---|---|---|
| Florida | 15,982,378 | +18 | 18,801,310 | +14 | 21,517,610 | +13 | 24,340,457 |
| Palm Beach County | 1,131,184 | +17 | 1,320,134 | +12 | 1,473,738 | +11 | 1,640,998 |
No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.
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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