Outparcel at Promenade Shopping Center

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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

Perfect location for multi-family development. The site is a prime outparcel to the Promenade Shopping Plaza, located on the north side of the plaza at the entrance with traffic signal at intersection. The plaza is a 200,000 square foot shopping center located on the northeast corner of Alternate A1A and Lighthouse Drive in Palm Beach Gardens, Florida and is anchored by Publix and Planet Fitness. The center is located in a densely populated residential market, boasting average annual household incomes in excess of $80,000 per year in a 5-mile radius. The center has access to a strong daytime population immediately to the north and south. The traffic at the intersection is 25,500 cars per day. This outparcel carries a full reciprocal easement agreement with the Promenade Shopping Center. Other existing outparcels include Mobil, Wells Fargo Bank, McDonalds and Miller' s Ale House and Mr. Bubbles. 

Location

Located on ALT A1A between Northlake and PGA Blvd. Development parcel anchored at the entrance of Promenade Shopping Center with a Publix Supermarket, McDonalds and Wells Fargo Bank.

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
  • Outparcel is adjacent to the entrance of a 201,545 SF community shopping center anchored by Publix, Planet Fitness, ACE Hardware and Bealls Outlet.
  • Outparcels include Mobil (#2), Mr. Bubbles Carwash, McDonalds, Wells Fargo Bank, & Miller Ale House
    Located in the highly desirable Palm Beach Gardens Market.  Ideally situated on Alternate A1A, between PGA Blvd and Northlake Blvd.
  • Publix
  • ACE Hardware
  • Planet Fitness
  • Bealls Outlet
  • Mr. Bubbles Carwash
  • McDonalds
  • Wells Fargo Bank
  • Miller Ale House
Recent News

Stores remain dominant, even as digital, AI shopping grows

Physical stores still dominate retail, with 77% of purchases made in-person in 2025—even as AI and e-commerce continue to grow. According to EY research, most consumers still prefer to shop for fresh food, snacks, and beverages offline, and 94% make final purchase decisions in-store after browsing online.

EY’s Jon Copestake warns retailers not to underestimate the value of brick-and-mortar. While AI tools assist shoppers, few trust them to complete purchases. Instead, stores are crucial for discovery, promotions, and building loyalty.

Forward-thinking retailers are reimagining their physical spaces with services like rentals, repairs, and immersive experiences. As Copestake says, “If you're cutting stores, you may be missing a significant trick.”

Revoked Visa Programs, Increased Deportations Heighten Risks To Construction Labor Force

In Doral, once-busy streets and shops are suddenly quiet as fear spreads among immigrant communities following the rollback of legal protections like TPS and the CHNV parole program. The Biden-era policy had allowed over 500,000 immigrants from countries like Venezuela and Haiti to live and work legally in the U.S., but recent reversals by the Trump administration have left many without work authorization—and too afraid to leave home.

The impact is already being felt in South Florida’s construction and development sectors, where immigrants make up more than 25% of the workforce. With workplace raids increasing and employers required to use E-Verify under Florida’s SB 1718, developers may face labor shortages, project delays, and rising costs. Industry leaders warn that this could be just the beginning.

Mall traffic dips in June, half-year traffic mostly positive

Mall traffic dipped slightly in June 2025, ending a two-month streak of growth, as shoppers pulled back following a spring surge possibly fueled by anticipated tariff hikes. Indoor malls showed the most resilience, with visits down just 0.7% year-over-year, while outlet malls saw the steepest decline at 4.4%.

Despite the June slowdown, the first half of 2025 painted a largely positive picture: indoor mall visits rose 1.8%, open-air centers grew 0.6%, and average visit duration increased across all formats—indicating stronger consumer engagement. Notably, indoor malls edged past pre-pandemic levels for the first time, up 0.3% from 2019.

The recovery continues, with open-air centers maintaining the most consistent post-COVID performance, and indoor malls closing the gap. As Placer.ai notes, the mall rebound story is still unfolding.