The property located at 369 North Royal Poinciana Boulevard has been listed for sale for $2,749,000. According to the listing posted on HomesConnect.com, the property was built in 1947 and includes 8 units. The property is described to consist of “4 retail spaces each separately metered, street walk up. On the second level there are three 1b/1ba efficiencies also separately metered (525 SF each). On the backside of the building, occupying approx 6k SF, is an industrial bakery which includes office, Refrigerated Packing room, 2 freezers and 1 cooler. ”
The property is currently home to Barbara Ayash’s Progressive insurance office, a salon, and Fruti Details, the new flower, chocolate, and fruit arrangement store.
If we review recent land sales, we know the Hook Square property recently sold for $3.3 Million. They 1 South Royal Poinciana property also recently sold for $2.8 Million.
There’s also the property located at 30 Canal Street which is listed for $2.89 Million. This particular property is within the Gateway Overlay District which allows up to a 1.7 Floor Area Ratio or FAR. That means, they can have a building that is 1.7x the square footage of the lot size.
Another Commercial Property for Sale in Gateway Overlay District