105 Narcissus AveWest Palm Beach, FL 33401

Property Details for 105 Narcissus Ave

Year built

1925

Construction

CONCRETE

Lot size

0.17 AC

Property size (Sq ft)

49,054 SF

Zone code

CWD-CD

Property type

Office properties

Property subtype

Office buildings

APN

74-43-43-21-01-005-0011

APU

74434321010050011

Description

The Citizens Building, a prominent 8-story, 49,054-square-foot office building in West Palm Beach's Clematis Historic District, offers exceptional office space for lease. This Class B building, constructed in 1925 and renovated in 2009, features a mix of traditional and creative office suites, ranging from 382 to 2,673 contiguous square feet. Currently, 13,567 square feet are vacant, spread across multiple suites within the 12 total suites. The building boasts a prime location on Narcissus Avenue, directly facing Clematis Street and the Clematis Splash Park, benefiting from high pedestrian traffic and proximity to major events. Enjoy unobstructed views of the Intracoastal Waterway and Palm Beach. Amenities include one hydraulic elevator and convenient parking options, including a nearby city garage. Its central location offers easy access to key landmarks such as the Palm Beach County Courthouse, Brightline station, CityPlace, and The Square. The building's strategic position, one block from US-1 and 1.5 miles from I-95, ensures unparalleled connectivity. A ground floor restaurant space adds to the building's vibrant atmosphere. This property presents a unique opportunity for businesses seeking a prestigious address in a thriving, rapidly growing downtown area. The APN is 74-43-43-21-01-005-0011.

• CAP approach

  CAP return

  Valuation

  6%

  $11,374,241

  6.5%

  $10,499,299

  7%

  $9,749,349

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,645,842

  Geo Method

  $13,645,842

• Alternative Use

  Use

  Valuation

  Residential

  $13,019,131

  Hospitality

  $11,925,454

  Educational

  $9,921,838

  Medical

  $10,263,065

  Retail

  $15,433,970

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.713

Longitude

-80.0508

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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