$7,000,000
Unlock the full potential of this rare and expansive 1-acre property located in the heart of the rapidly growing soso neighborhood along highly visible dixie highway. With 28 existing rooms across 4 income-generating structures totaling 10, 883 sf under air, this property presents an exceptional opportunity to restore, redevelop, or reposition in one of west palm beach's most active commercial corridors.
Zoning: neighborhood commercial - offering flexibility for hospitality, mixed-use, or commercial redevelopment. Lot size: largest hospitality parcel in the south end at 1 acre. Room count: 28 rooms currently, with potential for expansion up to 32. Structures: 4 buildings onsite - allowing phased redevelopment while maintaining revenue from existing units. Parking: 20+ marked spaces with ample room for guest use and future amenities. Future growth potential: if property left as-is, option for additional structure in northeast corner of the lot and ample space to add a pool or enhance amenities in multiple different areas on site.
Visibility: over 21, 500 aadt on dixie hwy. Strategic positioning: directly across from the winn dixie shopping center recently acquired, and adjacent to large-scale developments including trader joe's, national retailers, apartments, and grocers under construction. Connectivity: only 5 minutes to downtown west palm beach, i-95, and major regional attractions. Inquire within regarding local comparable sale, highlighting the value and upside potential of this offering.
This is a rare chance to own and reimagine a cornerstone property in a booming submarket. Whether you're seeking a boutique hotel, a branded hospitality concept, or a mixed-use redevelopment, the framework is already in place.
Come and explore the potential of this one-of-a-kind opportunity.