MIAMI—Well beyond Downtown Miami and even Fort Lauderdale, West Palm Beach, FL is attracting developers looking for strategically-located land on which to build. CapasGroup Realty Advisors is marketing a site that could turn investors' heads.
CapasGroup just listed 303 Banyan, a 1.04-acre development site with an adjacent 41,000-plus-square-foot office building. The site sits at the corner of Banyan Boulevard and Dixie Highway in the heart of Downtown West Palm Beach.
"Investment returns in West Palm Beach vary by asset class and submarket but are generally consistent with returns for otherwise similar asset classes in nearby, surrounding markets," CapasGroup president Brad Capas tells GlobeSt.com. "This is largely attributable to the relative scarcity of quality investment opportunities throughout South Florida and the intensely competitive nature of today's investment market."
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