Commercial Listing

For Sale

The Blackstone Building on Clematis St

100-116 South Dixie Highway, West Palm Beach, FL 33401
$14,000,000

Introducing an exceptional investment opportunity in the heart of West Palm Beach, FL. This historic 19, 765 SF building, originally constructed in 1924 and thoroughly renovated in 2025, offers a timely blend of classic charm and modern functionality. Zoned CWD-CD (Clematis Waterfront District), it presents a strategic location in the prestigious Palm Beach area. With a remarkable 90% occupancy rate, this property showcases a strong rental history and promising income potential for the savvy Office / Office Building investor. Don't miss the chance to add this prime asset to your portfolio.

Highlights:
• Generating Approx $45,000/mo, Which will go to $50k/mo once the last retail bay and two smaller offices are leased
• New 5-Year Lease with Nicos (a long-time Clematis St Restauranteur)
• New 10-Year Lease with ManCave, a High-End Barbershop Chain
• Office Floors (2 & 3): All leased except 2 tiny ones.
• New Elevator Installed in 2024
• Nearly 4000 residences w/in walking distance
• 15,000 cars per day travel through Clematis St & S. Dixie
• Local Average HHI = $93,679+/yr
• 40,000 People Work Within 1 Mi of The Building
• Increased Seasonal Traffic on Saturdays (Green Market)

Property type
Office
Building size
19,765 SF RBA
Lot size
0.16 acres
Year built
1924
Floors
3
Occupancy
90%
Zoning
CWD-CD - Clematis Waterfront District
Cap rate
6%