Welcome to

Destiny International Properties

Browse Properties

Advanced Search

303 Gardenia Street, West Palm Beach, FL 33401

$5,600,000
Property Type: Commercial Sale Status: Closed
Current Price: $5,600,000 List Date: 5/21/2024 Last Modified: 1/13/2026

Description

303 Gardenia and 501 S Olive are being sold together Landmark Commercial Realty Advisors is pleased to present 303 Gardenia St and 501 S Olive Ave an incredible opportunity to purchase TWO buildings in the heart of downtown West Palm Beach, Florida. The Properties offer incredible opportunity for a covered land play with existing in place cash flow through retail and residential tenants and with the underlying development opportunity allowed in the zoning district. Both Buildings have a 10 story height limit and a FAR of 2.75.

Supplements: 303 Gardenia St - A two-story mixed-use building. First Floor consists of 5 retail/office units and 2nd floor consists of 7 residential units. 501 S Olive Ave - Situated on 0.20 acres, features a fully built-out office and unique building footprint for existing and future uses.

More Information MLS# R10989433

Contract Information

Comp Sale YN: No Listing Date: 2024-05-21 Status: Closed Original List Price: 7250000 Sold Price: $5,600,000 Current Price: $5,600,000

Location and Legal

County Or Parish: Palm Beach County Parish Name: Palm Beach City Name: West Palm Beach Postal Code: 33401 Geographic Area: PB20 Property Description: Mixed Use Country: United States Street Number: 303 Street Name: Gardenia Street Suffix: Street State Or Province: FL Area: 5420 Parcel Number: 74434321090010020 Zoning: QGD-10

General Property Information

Number Of Units Total: 12 Lot Size Area: 6098.4 Stories: 2 Property Sub Type: Mixed Use Building Area Source: Public Records Year Built: 1925 Lot Size Acres: 0.14

Remarks and Miscellaneous

Public Historical Remarks: Building Type: Y

Office/Member Information

DXORIGMLSID: RML

Status Change Information

Buyer Financing: Cash Major Change Timestamp: 2025-03-15T05:00:00Z Major Change Type: Status Change Price Change Timestamp: 2024-06-06T16:55:26Z Status Change Date: 2024-08-30 Under Contract Date: 2024-07-26 Close Date: 2024-08-26 Close Price: 5600000

Flooring

Other: 1

Property Condition

Resale: 1

Documents Available

Copy Of Lease(s): 1 Existing Survey: 1 Financial Statement: 1 Photos: 1

Structure Type

Office: 1 Retail: 1

Tenant Pays

Common Area Maintenance: 1 Electricity: 1 Maintenance: 1 Water: 1

Location of Property

Beach Access: 1 Central Business District: 1 Near Airport: 1

Possession

Close Of Escrow: 1

Utilities

Cable Available: 1

Building and Property Details

# Of Bays: 5 # Of Toilets: 9 % Air Conditioned: 100 Maximum Ceiling Height: 12

Business Type

Commercial: 1 Retail: 1

Heating

Other: 1

Sale Includes

Building: 1 Land: 1

Construction Materials

CBS: 1 Hollow Tile: 1

Listing Terms

Cash: 1 Conventional: 1 Trade: 1 Other: 1

Roof

Barrel: 1 Other: 1

Security Features

None: 1

Water Source

Public: 1

Cooling

Other: 1

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1

Contingencies

None: 1

Contributions

Buyer Contributions: No

Price Calculations

Original List Price To Close Price: 1.29

Financial Information

Tax Annual Amount: 59425 Tax Year: 2023 Tax Legal Description: POTTER ADD LT 2 BLK 1

Originating Details

Originating System Key: 20240516213515910482000000 Originating System ID: M00000170

Property Features

Business Type: Commercial; Retail Documents Available: Copy Of Lease(s); Existing Survey; Financial Statement Flooring: Other Heating: Other Location of Property: Beach Access; Central Business District; Near Airport Possession: Close Of Escrow Property Condition: Resale Sale Includes: Building; Land Tenant Pays: Common Area Maintenance; Electricity; Maintenance; Water Construction Materials: CBS; Hollow Tile Cooling: Other Listing Terms: Cash; Conventional; Trade; Other Roof: Barrel; Other Security Features: None Structure Type: Office; Retail Utilities: Cable Available Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent Contingencies: None
Listing Office: Landmark Commercial Realty Adv
Last Updated: January - 13 - 2026
303 Gardenia Street, West Palm Beach, FL 33401- MLS# R10989433
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.