Home » Properties » 172 N County Road, Palm Beach FL 33480

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172 N County Road, Palm Beach FL 33480 - Multi Family Commercial Sale

8-unit multi-family CBS building near the ocean in Palm Beach, featuring two 1-bedroom/1-bath units and six studios.

$7,500,000

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MLS #R11028931

Listing Updated: 2026-07-11 12:38:29

Listed By: Douglas Elliman Jupiter

Overview

This 8-unit concrete block structure offers a unique opportunity to own a multi-family commercial property in Palm Beach, just one block from the ocean. Built in 1943, the building includes two spacious one-bedroom, one-bath units alongside six studios, providing a diverse rental mix. Its location on N County Road places it in a desirable area known for its proximity to the beach and local amenities. This property suits buyers looking for a multi-family asset with potential tenant appeal in a prestigious coastal community.

Property Highlights

8-unit CBS building, two 1-bedroom/1-bath units, six studios, one block from the ocean, Palm Beach location, built in 1943, multi-family commercial sale.

Property Details

City: Palm Beach

State: FL

Zip Code: 33480

Address: 172 N County Road, Palm Beach FL 33480

Year Built: 1943

Property Type: Commercial Sale

Property Sub Type: Multi Family

Listing Office Name: Douglas Elliman Jupiter

County: Palm Beach County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $33,318

Days On Market: 597 Days

Original Listing Description

8-unit CBS building consisting of two 1 bedroom/1 bath units and six studios. Only 1 block from the ocean. Amazing opportunity to own an income-producing property on the island!

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

172 N County Road, Palm Beach FL 33480

About This Neighborhood

Located on N County Road, this property benefits from Palm Beach’s reputation as a prestigious coastal community. The neighborhood is characterized by its close access to the beach, upscale amenities, and a blend of residential and commercial properties. Residents and tenants enjoy a peaceful environment with convenient access to local shops, dining, and recreational opportunities, making it a sought-after area for both living and business.

Walkability & Lifestyle

The property’s location supports a walkable lifestyle with easy access to nearby restaurants, boutique shops, and local services. Being just a block from the ocean allows residents to enjoy beach walks and waterfront activities regularly. The neighborhood’s pedestrian-friendly streets and proximity to recreational areas enhance daily convenience and quality of life.

Things To Do Nearby

Palm Beach offers a variety of activities including beach outings, boating, dining at upscale restaurants, and cultural events. Nearby parks and marinas provide outdoor recreation options, while local entertainment venues support an active social scene. This location allows residents and visitors to enjoy both relaxation and vibrant community experiences.

Nearby Schools

Palm Beach provides access to well-regarded educational institutions within reasonable commuting distance. Families living or investing in this area benefit from the availability of public and private schools offering diverse programs. The neighborhood’s accessibility supports convenient school transportation options, contributing to its appeal for residents with children.

Why Buyers Like This Area

Buyers appreciate this property for its strategic location close to the ocean and its diverse unit mix, which appeals to a broad tenant base. The neighborhood’s amenities, combined with Palm Beach’s reputation for quality living, make it attractive for those seeking a stable multi-family commercial asset. Accessibility and lifestyle benefits contribute to its desirability.

Investment Potential

This multi-family property in Palm Beach offers a solid opportunity for buyers interested in commercial real estate near the coast. Its mix of studios and one-bedroom units can attract a range of tenants, including seasonal residents and professionals. The proximity to the ocean enhances its appeal, making it a practical choice for those seeking a diverse tenant base in a stable market. While returns depend on management and market conditions, the location supports steady interest.

Market Trends

Palm Beach’s real estate market remains attractive for multi-family and commercial properties due to limited inventory and high demand for coastal locations. Buyers often seek properties that combine proximity to the ocean with versatile unit configurations. Market interest in well-maintained buildings near key amenities continues to support steady activity, with long-term appeal driven by the area’s lifestyle and economic stability.

Rental Income Potential

The property’s combination of studios and one-bedroom units offers flexibility in catering to various tenant needs, from short-term seasonal renters to longer-term residents. Its location just one block from the ocean increases rental desirability, particularly during peak seasons. While rental income can fluctuate with market trends, the building’s layout and location position it well for consistent tenant interest.