- Commercial Property For Lease
Description
FREESTANDING RESTAURANT OPPORTUNITY
1200 E. Blue Heron Blvd | Gateway to Singer Island | Riviera Beach, FL
OVERVIEW
A rare freestanding restaurant opportunity on the gateway corner to Singer Island. This former bank building sits vacant and ready for transformation into the high-end dining destination this market has been missing. Reposition the existing building or scrape the site and build your concept from the ground up. For lease at $55/SF NNN, with significant free rent and tenant improvement dollars available for the right operator.
THE OPPORTUNITY
This is a location play backed by the fastest-moving redevelopment corridor in Palm Beach County. A ±4,624 SF building on a ±1.07 acre hard corner, positioned on the single road that carries every car onto and off Singer Island. The demand is arriving. The high-end restaurant supply is not there yet. This is the corner to own before it is gone.
PROPERTY HIGHLIGHTS
•Address: 1200 E. Blue Heron Blvd, Riviera Beach, FL 33404
•Building: ±4,624 SF freestanding, single story
•Land: ±1.07 acres (±46,827 SF)
•Hard corner on Blue Heron Blvd (State Road 708)
•Existing drive-thru canopy and lanes in place
•Reuse the existing structure or scrape and redesign
•Asking rate: $55/SF NNN
•Long-term lease structure
LOCATION: THE GATEWAY TO SINGER ISLAND
Blue Heron Boulevard is the one road on and off Singer Island. Every trip to the Ritz-area high-rise condos, the marinas, and the beach passes this corner. Visibility and traffic do not get better in this market. The site sits between the Atlantic Ocean and the Intracoastal Waterway, at the center of a coastal community defined by luxury residences, boating, and year-round tourism.
WHY NOW: A CORRIDOR IN TRANSFORMATION
The Blue Heron and Marina Village corridor is in the middle of a redevelopment push measured in the hundreds of millions. Thousands of new residences, new hotels, a new civic and sports district, and new waterfront dining and retail are all moving through the pipeline. The rooftops are coming. First mover advantage is real here.
AN AFFLUENT, UNDERSERVED MARKET
The trade area is already here and it has money. Within a three-mile radius:
•Median household income near $84,000
•More than 25% of households earning $200,000 or more
•Median net worth above $500,000
•58% of residents hold a bachelor’s degree or higher
This is a market with money and nowhere upscale to spend it on dinner.
IDEAL CONCEPTS
•High-end restaurant, chef-driven concept
•Private members-only club
•Cigar lounge
•Upscale Italian
•High-end seafood
•Any qualified food and beverage concept
LANDLORD INCENTIVES
The landlord is motivated to land the right operator and is putting real money behind it. Significant free rent and tenant improvement dollars are available for a qualified restaurant group on a long-term lease. Both scale with the strength of the group, financially and conceptually. Bring a real concept and a real balance sheet and there is a deal to make.
TWO WAYS TO WIN
•Reposition: Take the existing building, drive-thru canopy and all, and convert it into a turnkey restaurant or lounge.
•Redevelop: Use the full acre-plus site to scrape and build your concept exactly the way you want it. The land gives you room most infill corners cannot.
CONTACT
For questions or to request the offering package, contact:
Chas Prakas – Office: 561-368-0003 | Cell: 561-400-1058 – Email: chas@prakascompany.com
Nick Prakas – Office: 561-368-0003 | Cell: 561-665-1402 – Email: nick@prakascompany.com
- Size: ±4,624 SF freestanding building on ±1.07 acres (±46,827 SF)
- Lease: $55/SF NNN, long-term. Significant free rent and TI dollars available for qualified operators.
- Year built: 1995
- Infrastructure Included: Freestanding former bank shell with existing drive-thru canopy and lanes, HVAC, and steel construction. Delivered as-is for restaurant conversion or full scrape-and-build.
- Zoning: OP (Office Professional). Food and beverage use subject to City of Riviera Beach approval.
- Concept Exclusion: None. Open to all qualified F&B concepts
- Current Tenants: Vacant
View on map / Neighborhood
This commercial property is located in Riviera Beach is currently Commercial Properties For Lease and has been listed on Prakas & Co. This property is listed at $ 55.00 and is listed as 4624 sq ft.
REQUEST MORE INFORMATION
Commercial Properties For Lease
$ 55.00
Description
FREESTANDING RESTAURANT OPPORTUNITY
1200 E. Blue Heron Blvd | Gateway to Singer Island | Riviera Beach, FL
OVERVIEW
A rare freestanding restaurant opportunity on the gateway corner to Singer Island. This former bank building sits vacant and ready for transformation into the high-end dining destination this market has been missing. Reposition the existing building or scrape the site and build your concept from the ground up. For lease at $55/SF NNN, with significant free rent and tenant improvement dollars available for the right operator.
THE OPPORTUNITY
This is a location play backed by the fastest-moving redevelopment corridor in Palm Beach County. A ±4,624 SF building on a ±1.07 acre hard corner, positioned on the single road that carries every car onto and off Singer Island. The demand is arriving. The high-end restaurant supply is not there yet. This is the corner to own before it is gone.
PROPERTY HIGHLIGHTS
•Address: 1200 E. Blue Heron Blvd, Riviera Beach, FL 33404
•Building: ±4,624 SF freestanding, single story
•Land: ±1.07 acres (±46,827 SF)
•Hard corner on Blue Heron Blvd (State Road 708)
•Existing drive-thru canopy and lanes in place
•Reuse the existing structure or scrape and redesign
•Asking rate: $55/SF NNN
•Long-term lease structure
LOCATION: THE GATEWAY TO SINGER ISLAND
Blue Heron Boulevard is the one road on and off Singer Island. Every trip to the Ritz-area high-rise condos, the marinas, and the beach passes this corner. Visibility and traffic do not get better in this market. The site sits between the Atlantic Ocean and the Intracoastal Waterway, at the center of a coastal community defined by luxury residences, boating, and year-round tourism.
WHY NOW: A CORRIDOR IN TRANSFORMATION
The Blue Heron and Marina Village corridor is in the middle of a redevelopment push measured in the hundreds of millions. Thousands of new residences, new hotels, a new civic and sports district, and new waterfront dining and retail are all moving through the pipeline. The rooftops are coming. First mover advantage is real here.
AN AFFLUENT, UNDERSERVED MARKET
The trade area is already here and it has money. Within a three-mile radius:
•Median household income near $84,000
•More than 25% of households earning $200,000 or more
•Median net worth above $500,000
•58% of residents hold a bachelor’s degree or higher
This is a market with money and nowhere upscale to spend it on dinner.
IDEAL CONCEPTS
•High-end restaurant, chef-driven concept
•Private members-only club
•Cigar lounge
•Upscale Italian
•High-end seafood
•Any qualified food and beverage concept
LANDLORD INCENTIVES
The landlord is motivated to land the right operator and is putting real money behind it. Significant free rent and tenant improvement dollars are available for a qualified restaurant group on a long-term lease. Both scale with the strength of the group, financially and conceptually. Bring a real concept and a real balance sheet and there is a deal to make.
TWO WAYS TO WIN
•Reposition: Take the existing building, drive-thru canopy and all, and convert it into a turnkey restaurant or lounge.
•Redevelop: Use the full acre-plus site to scrape and build your concept exactly the way you want it. The land gives you room most infill corners cannot.
CONTACT
For questions or to request the offering package, contact:
Chas Prakas – Office: 561-368-0003 | Cell: 561-400-1058 – Email: chas@prakascompany.com
Nick Prakas – Office: 561-368-0003 | Cell: 561-665-1402 – Email: nick@prakascompany.com
- Size: ±4,624 SF freestanding building on ±1.07 acres (±46,827 SF)
- Lease: $55/SF NNN, long-term. Significant free rent and TI dollars available for qualified operators.
- Year built: 1995
- Infrastructure Included: Freestanding former bank shell with existing drive-thru canopy and lanes, HVAC, and steel construction. Delivered as-is for restaurant conversion or full scrape-and-build.
- Zoning: OP (Office Professional). Food and beverage use subject to City of Riviera Beach approval.
- Concept Exclusion: None. Open to all qualified F&B concepts
- Current Tenants: Vacant
View on map / Neighborhood
This commercial property is located in Riviera Beach is currently Commercial Properties For Lease and has been listed on Prakas & Co. This property is listed at $ 55.00 and is listed as 4624 sq ft.