• 561-901-5296


		
	

		

							

											

							
						

														

						
				
				

										
 
						
  Palm Beach Lakes   West Palm Beach, FL 33409

						

						$8,861,111
						 
						BR
						0BA
						0SqFt
						
							
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List Price
							

							

								$8,861,111							

						

						

							
Price Change
							

							

								  $2,605,754							

						

						

							
MLS#
							

							

								RX-10451836							

						

						

							
Status
							

							

								Active							

						

						

							
Type
							

							

								Commercial							

						

						

							
Building Name
							

							

															

						

						

							
City
							

							

								West Palm Beach							

						

						

							
Bedrooms
							

							

															

						

						

							
Full Bathrooms
							

							

															

						

						

							
Half Bathrooms
							

							

															

						

						

							
Year Built
							

							

															

						
				
					

					
					

						
Property Description

						
7.02 CAP, CURRENTLY 100% OCCUPIED HOWEVER, DUE TO COVID TENANTS ARE PAYING LOWER RENTS FOR A SHORT TIME AND ARE NOT PAYING PER LEASE AGREEMENT WHICH ALLOWS FOR MULTIPLE OPPORTUNITIES FOR OWNER-USER OR INVESTMENT.  BRING ALL CASH OFFERS. 27, 500 SF (16,500 SF) Leased to Rock Fitness Gym (GYM HAS LEGAL RENT STIPULATION AND IF NOT FOLLOWED WILL BE REMOVED VIA COURT ORDER WITHOUT ANY FURTHER HEARINGS) and (11,000 SF) Leased to  Furniture Direct (5 locations in S. FL) Both tenants have new 10+ year leases with options.  The Retail property was completely renovated between 2017 - 2018 including a new roof.						

					

					
 
						

						
(561) 901-5296

							
						

						
							
						
					

					
					
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										

										

											$325										

									

																																																																																																																																									

										
Source										

										

											BEA										

									

																																																			
	
				

				

					Listing courtesy of H. Alan Welles Real Est, LLC (561) 744-8900				

								

					
			 
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