- List Price
- $12,000,001
- Price Change
-  $5,744,644
- MLS#
- RX-10451836
- Status
- Active
- Type
- Commercial
- Building Name
- City
- West Palm Beach
- Bedrooms
- Full Bathrooms
- Half Bathrooms
- Year Built
Property Description
CURRENTLY 100% OCCUPIED HOWEVER, TENANTS BOTH HAVE DEFAULTS WHICH ALLOWS FOR MULTIPLE OPPORTUNITIES FOR OWNER-USER OR INVESTMENT. LANDLORD CAN RE-TENANT BUILDING TO QUICKLY INCREASE VALUE OF BUILDING UP TO $14,500,000 WITH A CREDIT TENANT AT MARKET RENT, BRING ONLY CASH OFFERS. 27, 500 total square feet, 16,500 SF is Leased to a Fitness Gym (Short term lease as there is a new tenant who replaced Rock Fitness and (11,000 SF) Leased to Furniture Direct(5+ locations in S. FL) The Retail property was completely renovated between 2017 - 2018 including a new roof.MINIMUM OF 16,500 SF OF BLDG CAN BE DELIVERED VACANTThe subject property is located near the intersection of Palm Beach Lakes Blvd. and Village Blvd. Next to Red Lobster and PA BBQ across the street from Twin Peaks.
Additional Information
- Area
- 5410
- Zoning
- Store , GC
- Taxes
- $50,034
- Tax Year
- 2017
- Parcel Id
- 74434319110000030
- Legal Description
- PALM BEACH COMMERCIAL PL 3 LTS 3 & 4
- Carport Spaces
- 3
- List Price Sqft
- $440
- Source
- BEA
Sterling Realty LLC
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