Outparcel at Promenade Shopping Center

Properties for Sale

Outparcel at Promenade Shopping Center

Address

9840 FL A1A Alt,
Palm Beach Gardens, FL 33410

(View Map)

Property Type: Land
Price: $5,250,000
Listing Status: Active

Contact Info

Morry Silverman
Direct: (561) 891-0910
Morry@atlanticcg.com

Flyer

Description

This 3.9-acre parcel offers an exceptional opportunity for retail and office and retail development in a high-demand commercial corridor. Positioned as an outparcel to a 200,000 sq. ft. Publix-anchored shopping center, the site benefits from strong built-in traffic, excellent visibility, and convenient access. Its C4 retail zoning allows for a variety of commercial uses, making it ideal for retailers, restaurants, medical offices, or professional services. Residential housing would have to be rezoned. Density needed would have to be approved by the city.

Location

This location is in Palm Beach Gardens, an affluent suburb of West Palm Beach known for its high average household income ($175k Avg HHI), lush landscapes, upscale shopping, and world-class golfing. 

  • It serves a densely populated area approximately 10 miles northwest of downtown West Palm Beach.
  • It is in a "highly neighborhood centric location".
  • It is approximately 1 mile east of I-95.
  • It is approximately 3 miles south of the major retail concentration on PGA Boulevard (which includes Legacy Place, Downtown at the Gardens, and The Gardens Mall).
  • It is just 1 mile north of Northlake Boulevard.
Additional Information Site Highlights Major Tenants
Rent: N/A
Min. Divisible Space: 3.9 Acres
Max. Contiguous Space: 3.9 Acres
Total SF Available: 3.9 Acres
Lot Size: 3.9 Acres
    • A mix of beautiful residential communities and vibrant commercial areas.
    • A sophisticated yet relaxed atmosphere.
    • A dynamic mix of national and local retail and dining tenants.
    • Anchored by a dominant grocer (Publix).
    • Lighted access and ample surface parking.
    • High traffic volume (30,000+ VPD). 

    Surrounding area of the Promenade Shopping Plaza in Palm Beach Gardens, Florida.

  • Publix
  • ACE Hardware
  • Planet Fitness
  • Bealls Outlet
  • Mr. Bubbles Carwash
  • McDonalds
  • Wells Fargo Bank
  • Miller Ale House
Recent News

Global brands shut Middle East stores as conflict causes chaos

Major retail brands have closed stores across Middle Eastern shopping hubs including Dubai as escalating regional conflict disrupts business operations and travel, with many locations operating with skeleton staff or shuttered entirely.  Chalhoub Group, operating 900 stores for brands including Versace, Jimmy Choo, and Sephora, closed all Bahrain locations while making staff attendance voluntary in UAE, Saudi Arabia, and Jordan markets. Luxury conglomerate Kering temporarily closed stores in UAE, Kuwait, Bahrain, and Qatar, while Amazon shuttered Abu Dhabi fulfillment operations and suspended regional deliveries. Apple's Dubai stores remained closed, H&M shut Bahrain and Israel locations, and consumer goods group Reckitt closed its Bahrain manufacturing site while instructing all Middle East employees to work from home. Luxury stocks LVMH, Hermès, and Richemont declined 4% to 6.5% as investors assessed the impact on a region that represented luxury's strongest growth market in recent years, accounting for 5% to 10% of global luxury spending. 

Senate Advances Sweeping Housing Bill, Includes Ban On Institutional Buyers Of Single-Family Homes

The Senate advanced the 21st Century ROAD to Housing Act with an 84-6 bipartisan vote, combining affordability and housing production measures with a Trump administration proposal to ban institutional investment in single-family homes. The bill defines institutional investors as companies owning 350 or more homes and includes exemptions for homes built to rent, with the White House indicating President Trump would sign it if passed as written.  Key provisions include simplifying National Environmental Protection Act review processes to reduce construction delays, increasing Federal Housing Administration multifamily loan limits, changing manufactured housing definitions to spur construction, and supporting housing development in opportunity zones and Community Development Block Grant jurisdictions. The legislation, authored by Senators Tim Scott and Elizabeth Warren, still requires a final Senate vote and must be reconciled with the House bill before reaching the president's desk. 

Supreme Court rules against Trump tariffs

The U.S. Supreme Court ruled 6-3 that President Trump's tariffs imposed under the International Emergency Economic Powers Act (IEEPA) are unconstitutional, with Chief Justice John Roberts writing that Trump lacked peacetime authority to use IEEPA to impose tariffs. The decision strikes down tariffs that initially imposed at least 10% on goods from most countries, with rates reaching up to 145% on Chinese imports and 25-35% on Canadian and Mexican goods, and could require the government to refund over $130 billion collected through these tariffs. Before Trump, no president had ever used IEEPA to impose tariffs, and the ruling invalidates many but not all of Trump's tariff programs, as it doesn't affect tariffs imposed under other legal authorities. The administration has indicated plans to reimpose tariffs using alternative statutes including Section 122 of the Trade Act of 1974, Section 232 of the Trade Expansion Act of 1962, and Section 301 of the 1974 Trade Act, though these come with more procedural requirements and time limitations.