Palm Beach Lakes West Palm Beach, FL 33409
$8,861,111   BR 0BA 0SqFt   Back to Results
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.

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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