Listing IDR10451836
Price$8,805,380
Acres
1.750
Listing StatusActive
CountyPalm Beach County
Year Built2007
Property TypeCommercial Sale
Property Sub TypeIndustrial
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.
County
Palm Beach County
Price Reduction Date
2024-03-28T08:43:37+00:00
Property Sub Type
Industrial
Property Type
Commercial Sale
Subdivision
PALM BEACH LAKES COMM NO
Year Built
2007
Cooling
Central Air, Electric
Electric
200+ Amp Service, 220 Volts
Flooring
Carpet, Marble, Wood
Heating
Central, Electric
Levels
One
Stories
1
Construction Materials
Block
Lot Features
City Lot
Number Of Units Total
1
Roof
Built-Up, Other, Steel Trusses
Sewer
Public Sewer
Utilities
Electricity Available, Sewer Available, Water Available
Water Source
Public
Complex Name
PALM BEACH LAKES COMM NO
Distance To Freeway Numeric
1
MLS Area Major
5410
MLS Area Minor
Palm Beach 5400, 5410, 5450
Postal City
West Palm Beach
Waterfront Features
Canal Access
Zoning Description
Store ,
Documents Available
Environmental Study, Survey
Mls Status
Active
Property Sub Type Additional
Industrial
Security Features
Fire Sprinkler System, Smoke Detector(s), Security Lights
Association Fee Includes
Insurance, Maintenance Grounds, Maintenance Structure
Disclosures
Owner Is Listing Agent
Lease Term
Long Term
Listing Terms
Cash, Conventional, 1031 Exchange
Possession
Close Of Escrow, Subject To Tenant Rights
Tax Annual Amount
50034
Tax Year
2017
Tenant Pays
Exterior Electric, Sewer, Water
Listed by: H. Alan Welles Real Est, LLC
© 2024 Beaches MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of BMLS. Real estate listings held by IDX Brokerage firms other than By The Sea Realty, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated: Thursday, March 28th, 2024 at 07:42:36 PM.
Contact - Listing ID R10451836
By The Sea Realty
2400 E. Commercial Blvd. #708
Fort Lauderdale, FL 33308
Phone: 954-351-7007
Fax: 954-351-5005
Data services provided by IDX Broker