For Sale

The Blackstone Building on Clematis St

100-116 South Dixie Highway | West Palm Beach, FL 33401-5421, US

price$14,000,000
property typeCommercial Sale
year built1924

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
details

STATUSActive
SALE PRICE PER UNIT$14,000,000
YEAR BUILT1924
PROPERTY TYPECommercial Sale
BUILDING SIZE19,765 SF
LOT SIZE0.16 acres
CAP RATE6%
SALE PRICE$14,000,000
STORIES3
OCCUPANCY %90%
ZONINGCWD-CD - Clematis Waterfront District
DAYS ON MARKET352

property
description

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.

location
description

100-116 South Dixie Highway | West Palm Beach, FL 33401-5421, US

The Blackstone Building was originally constructed in 1926 and was designed by the architect Harvey and Clarke. It is a two-story building with a stucco exterior and decorative detailing. The building was named after the Blackstone Hotel, a famous hotel chain in the early 20th century. The Blackstone Building is a historic mixed-use commercial office and retail building located in West Palm Beach, Florida. You can setup your office-based or retail business in the heart of "The Wall Street of the South". It is situated on the southeast corner of Clematis Street and Dixie Highway, across the street from CVS and just a few blocks from the waterfront. It's also walking distance to all WPB government buildings making this an ideal location for a law firm.

Chad Massaker, MICP

Chad Massaker, MICP

FL #BK3467373
(561) 810-3537

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