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.
Property Details
Price:
$7,800,000
MLS #:
RX-10451836
Status:
Active
Address:
2223 Palm Beach Lakes Boulevard
Type:
Commercial
City:
West Palm Beach
Listed Date:
Jul 30, 2018 (1389 days)
State:
FL
ZIP:
33409
Subdivision:
PALM BEACH LAKES COMM NO 3 IN
Lot Size:
76,230 sqft / 1.75 acres (approx)
Year Built:
2007
Schools
Interior
Cooling
Central Individual, Electric
Flooring
Carpet, Marble, Wood Floor
For Lease
Yes
Heating
Central, Electric
Exterior
Construction
Block, C B S, Concrete
Min Lease Months
36.00
Roof
Built- Up, Other, Steel Joist
Security
Security Light
Waterfront Details
Canal Width 1 – 80, Interior Canal
% Air Conditioned
100.00
Financial
Utilities
201+ Amp, 220, Electric, Public Sewer, Public Water, Separate Meter
See this Listing
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Listing courtesy of H. Alan Welles Real Est, LLC, (561)–744–8900
© 2022 Beaches Multiple Listing Service BMLS. Information deemed reliable, but not guaranteed. This site was last updated 2022-05-19.
© 2022 Beaches Multiple Listing Service BMLS. Information deemed reliable, but not guaranteed. This site was last updated 2022-05-19.
2223 Palm Beach Lakes Boulevard
West Palm Beach, FL