Buy&Build (Commercial): PGA Blvd, Palm Beach, FL + $55,000,000
- Promise Land Realty
- May 16
- 3 min read
Updated: May 17
Commercial Investment Opportunity
Price
$55,000,000 (+4% Consultant Fee)
OFF-MARKET REDEVELOPMENT OPPORTUNITY
Palm Beach Gardens, FL |
12.5 AC Assemblage | Office + Hotel + Raw Land
📍 PGA Blvd & I-95 S, Palm Beach Gardens, Florida
📩 Submit All Offers To: investments@promiselandrealtyllc.com
Calling All Florida Investors & Palm Beach Developers:
This is a rare, trophy asset opportunity in one of South Florida’s most affluent and development-friendly corridors—Palm Beach Gardens. Whether you're looking to reposition, redevelop, or hold premium commercial assets with strong upside, this deal is structured for serious end-buyers, family offices, and high-level developers.
🧱 ASSET OVERVIEW – 3 Parcel Assemblage | ~12.5 Acres Total
CAP RATE: 8.1%
🏢 1. 4400 PGA Blvd – 10-Story Class A Office Tower
GLA: 80,839 SF
Current NOI: ~$1.62M
Projected 2025 NOI: $2.1M+
Recent Leasing Activity:
8,234 SF leased at $44/SF MG (~$362K/yr)
1,685 SF vacancy under contract
Mix of strong-credit tenants in a high-demand office market
Shared parking and access with hotel & land
🏨 2. 4350 PGA Blvd – Embassy Suites Hotel
Keys: 161
Estimated NOI: $2.83M
Upside: Vacant 7,000 SF restaurant in lobby under LOI by credit tenant
Shared Infrastructure: Lobby + garage shared with office tower
Ownership Interest: 70% stake in adjacent 4.25-acre development parcel
🌴 3. 4.25 Acres Raw Land – Zoned General Commercial
Frontage: 700+ feet along I-95 S
Zoning: General Commercial (flexible uses)
Development Potential: Ideal for self-storage, multifamily, or mixed-use
Ownership Split: 70/30 (Hotel/Office Tower)
💵 DEAL TERMS
Asking Price (Firm): $55,000,000
Consultant Fee: 4% to be paid by Buyer at Closing
Original Pricing: $60M – repositioned for quick transaction
🧾 PUBLIC RECORD SNAPSHOT
2022 Assessed Land Value: $2,836,393
Land Rate: $15.34/SF
Parcel ID: 52-42-42-01-20-000-0030
🌊 FLOOD RISK & ZONING DETAILS
FEMA Flood Zone: B/X (Moderate to Low Risk)
In SFHA: No
FEMA Map ID: 12099C0378F | Date: Oct 5, 2017
Floodplain Area: 100- & 500-year zones (not high-risk)
📍 LOCATION ADVANTAGE
Zip Code: 33410
Market: South Florida
Submarket: North Palm Beach
County: Palm Beach
Location Type: Suburban
CBSA: West Palm Beach–Boca Raton–Delray Beach
DMA: West Palm Beach–Ft. Pierce
This site sits at the intersection of luxury, visibility, and access — just minutes from top golf courses, waterfront estates, and the heart of Palm Beach affluence. Perfect for developers with a strategic eye on South Florida growth corridors.
Property Financials:
📌 MAP LINKS
4400 PGA Blvd (Office Tower)
4350 PGA Blvd (Embassy Suites)
🔒 CONFIDENTIALITY & LEGAL NOTICE
This is a strictly off-market, confidential opportunity. No marketing or redistribution of materials is permitted without written consent. Violations incur a $500 penalty per incident.Respect the brand. Protect the deal.
🔖 TEAM PROMISELAND™ DISCLAIMER
All Promiseland Realty LLC listings and property details are proprietary. Any third-party marketing, reproduction, or unauthorized use will result in legal consequences and enforced fines.
📩 Submit All Inquiries or Offers To: investments@promiselandrealtyllc.com
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Property Map
"Your #1 Source for Off Market Real Estate Properties, Nationwide"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.
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