Address507-509 Northwood Rd, West Palm Beach, FL, 33407-5817

Price$399,000

  • Business Opportunity
  • Built in 1945

Seize a solid investment with remarkable current and future potential! Situated on a charming street renowned for its vibrant restaurants, boutiques, and wellness retailers. Anticipate growth with upcoming redevelopment plans that will extend the road, enhancing the trendy Northwood neighborhood eastward across North Flagler Drive towards the waterfront. Here, the Ritz-Carlton plans to build 144 ultra-luxury residences by 2027. This well-established coffee lounge presents an incredible opportunity to transform into a cigar/hookah lounge or bar with a 4COP dual license, featuring an outdoor bar, dance area, and a capacity of 100. Perfect for hosting events and parties, it can operate from 7 AM to midnight, with events extending until 2 AM.

Essential Information

  • MLS® #A11589360
  • Price$399,000
  • Bathrooms0.00
  • Acres0.00
  • Year Built1945
  • TypeBusiness Opportunity
  • StatusActive

Community Information

  • Address507-509 Northwood Rd
  • Area5420
  • CityWest Palm Beach
  • CountyPalm Beach County
  • StateFL
  • Zip Code33407-5817

Interior

  • HeatingCentral, Electric
  • CoolingCentral Air

Exterior

  • ConstructionBlock

Additional Information

  • Date ListedMay 20th, 2024
  • Days on Website48

Listing Details

  • OfficeLG Realty Group Inc.
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Price Change History for 507-509 Northwood Rd, West Palm Beach, FL (MLS® #A11589360)

Date Details Change
Price Reduced from $450,000 to $399,000 $51,000 (11.33%)

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