Home > Florida > West Palm Beach > Broadway Garden Apartments

5901 Broadway, West Palm Beach, FL 33407

Choose nearby businesses to show on the map:

Building Details:

• Year Built: 1930

5901 Broadway is amulti-family property located in West Palm Beach, FL. The property currently has 1 multi-family space for lease and is marketed by .

The Broadway Garden Apartments is a unique opportunity to acquire a multifamily asset in the path of progress in the Northwood Harbor Historic District. This enclave just blocks to the north of Downtown West Palm Beach, Florida and is seeing a renewed market interest as the city skyline continues to see an abundance of new development by large scale developers. New out of area capital is being infused to this market allowing for regentrification throughout the city, specifically in the Northwood area as the path of development continues it's northward march on US 1.

Northwood Village is very close to the Broadway Garden Apartments and features multiple one-of-a-kind assortment of stylish shops, hangout spots, trendy wares and delicious fare. Due to the historic nature of the neighborhood, the art culture is thriving as an alternative to the hustle and bustle of Downtown West Palm Beach. The hip bohemian vibe of the area has lead to high demand for well positioned multifamily real estate in the area of which the Broadway Garden Apartments is well positioned to participate.

The Broadway Garden Apartments is 3.52 miles to the City Centre, 3.8 miles to Cityplace and 3.58 miles to The Breakers. Palm Beach has some of the most pristine beaches in all of South Florida. Many of the worlds most prominent billionaires call Palm Beach home which creates ample demand for well located, affordable multifamily rental units that services the broader market.

Downtown economic drivers include an extensive service industry, business & financial services, governmental service, communications, information technology, aerospace & engineering, agriculture & food processing, life sciences, medical and pharmaceutical products. The City of West Palm Beach competes well on the world stage with products sold locally, nationally, and internationally.

Available Spaces

Suite	Space Type	Pricing	Size
---	Multi-Family Space	For lease: Negotiable
The Broadway Garden Apartments is an exceptional multifamily acquisition opportunity that is located in the path of progress and is participating in the natural migration of capital to the surrounding neighborhoods of Downtown West Palm Beach. Well located and part of the historic neighborhood of the Northwood Harbor Historic District, market demand for well appointed multifamily units in the area is record breaking. As the rental market in the City Centre's of West Palm Beach continues to surge, rents for C class multifamily in the immediate area continue to rise in concert. The Apartments on Broadway is less than 4 miles from Downtown West Palm Beach and will enjoy very high occupancy rates with demand from many economic generators for this international city. The property has seen a significant repositioning effort during the current ownership term. Current ownership states that the roof was +/- 5 years ago along with plumbing underground being replaced around the same time. Electrical updated with GE panels and new cans for all 10 meters, 9 plus house. Interior renovations from 2019 include granite counters and new kitchen cabinetry with appliances. The exterior of Broadway Garden Apartments has seen a new paint scheme and modernized to compete with the cleanest multifamily rental units in the area. Rental growth via interior renovations has quickly proven a strong repositioning strategy creating unheard of demand for nice, clean, and updated apartment units. The new buyer will appreciate the opportunity to further continue the renovation efforts and value add approach in the asset. There are multiple paths in this opportunity one of which is the potential to run a short term rental market at significantly higher gross rental rates. The other is potential for redevelopment as early conversations could allow +/- 22 units to be built on the site but viability would require official research by the buyer. The Broadway Garden Apartments will enjoy many years of rental growth as the City of West Palm Beach continues it's current path of corporate headquarter relocations and corporate expansion. Demand for rental units at the Broadway Garden Apartments will outpace other markets as the desire to be centrally located and only minutes to the best parts of West Palm Beach will continue to strengthen. « show less The Broadway Garden Apartments is an exceptional multifamily acquisition opportunity that is located in the path of progress and is participating... show more » View Details The Broadway Garden Apartments is an exceptional multifamily acquisition opportunity that is located in the path of progress and is participating in the natural migration of capital to the surrounding neighborhoods of Downtown West Palm Beach. Well located and part of the historic neighborhood of the Northwood Harbor Historic District, market demand for well appointed multifamily units in the area is record breaking. As the rental market in the City Centre's of West Palm Beach continues to surge, rents for C class multifamily in the immediate area continue to rise in concert. The Apartments on Broadway is less than 4 miles from Downtown West Palm Beach and will enjoy very high occupancy rates with demand from many economic generators for this international city. The property has seen a significant repositioning effort during the current ownership term. Current ownership states that the roof was +/- 5 years ago along with plumbing underground being replaced around the same time. Electrical updated with GE panels and new cans for all 10 meters, 9 plus house. Interior renovations from 2019 include granite counters and new kitchen cabinetry with appliances. The exterior of Broadway Garden Apartments has seen a new paint scheme and modernized to compete with the cleanest multifamily rental units in the area. Rental growth via interior renovations has quickly proven a strong repositioning strategy creating unheard of demand for nice, clean, and updated apartment units. The new buyer will appreciate the opportunity to further continue the renovation efforts and value add approach in the asset. There are multiple paths in this opportunity one of which is the potential to run a short term rental market at significantly higher gross rental rates. The other is potential for redevelopment as early conversations could allow +/- 22 units to be built on the site but viability would require official research by the buyer. The Broadway Garden Apartments will enjoy many years of rental growth as the City of West Palm Beach continues it's current path of corporate headquarter relocations and corporate expansion. Demand for rental units at the Broadway Garden Apartments will outpace other markets as the desire to be centrally located and only minutes to the best parts of West Palm Beach will continue to strengthen. Pricing: Negotiable Availability: Now Listing ID: 3304539 Save to list

Multi-Family Space

For lease: Negotiable

The Broadway Garden Apartments is an exceptional multifamily acquisition opportunity that is located in the path of progress and is participating in the natural migration of capital to the surrounding neighborhoods of Downtown West Palm Beach. Well located and part of the historic neighborhood of the Northwood Harbor Historic District, market demand for well appointed multifamily units in the area is record breaking. As the rental market in the City Centre's of West Palm Beach continues to surge, rents for C class multifamily in the immediate area continue to rise in concert. The Apartments on Broadway is less than 4 miles from Downtown West Palm Beach and will enjoy very high occupancy rates with demand from many economic generators for this international city. The property has seen a significant repositioning effort during the current ownership term. Current ownership states that the roof was +/- 5 years ago along with plumbing underground being replaced around the same time. Electrical updated with GE panels and new cans for all 10 meters, 9 plus house. Interior renovations from 2019 include granite counters and new kitchen cabinetry with appliances. The exterior of Broadway Garden Apartments has seen a new paint scheme and modernized to compete with the cleanest multifamily rental units in the area. Rental growth via interior renovations has quickly proven a strong repositioning strategy creating unheard of demand for nice, clean, and updated apartment units. The new buyer will appreciate the opportunity to further continue the renovation efforts and value add approach in the asset. There are multiple paths in this opportunity one of which is the potential to run a short term rental market at significantly higher gross rental rates. The other is potential for redevelopment as early conversations could allow +/- 22 units to be built on the site but viability would require official research by the buyer. The Broadway Garden Apartments will enjoy many years of rental growth as the City of West Palm Beach continues it's current path of corporate headquarter relocations and corporate expansion. Demand for rental units at the Broadway Garden Apartments will outpace other markets as the desire to be centrally located and only minutes to the best parts of West Palm Beach will continue to strengthen. « show less

The Broadway Garden Apartments is an exceptional multifamily acquisition opportunity that is located in the path of progress and is participating... show more »

View Details

Request Property Information

Please describe your commercial real estate requirements. We’ll introduce you to local properties that match your criteria.

Rofo has the most comprehensive commercial real estate listings in your area. Search for office spaces, retail spaces, and industrial spaces. We compile all the information you need to find the office spaces that match your business needs and provide quick access to the office brokers. Use our friendly user-interface and detailed listings to search your area for small business office spaces for rent and for lease.

5901 Broadway, West Palm Beach, FL 33407

Building Details:

Request Property Information

Property Address

Property Details

Thank your for submitting details about this property