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2223 Palm Beach Lakes Boulevard

West Palm Beach, FL 33409
  • $8,805,380
  • STATUS: Active
  • ON SITE: 2091 Days
  • MLS #: RX-10451836
$8,805,380
  • 0
    BEDS
  • 1.75
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 27,266
    SQFT
  • $323
    $/SQFT
Type:
Commercial
Built:
2007
County:

School Ratings & Info

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.

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www.browardhomesalesteam.com/homes/86104405
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2223 Palm Beach Lakes Boulevard West Palm Beach, FL 33409

  • Price: $8,805,380
  • Status: Active
  • On Site: 2091 Days
  • MLS #: RX-10451836
0
Beds
0
Baths
0
½ Baths
1.75
Acres
27,266
SQFT
$323
$/SQFT
2007
Built
Neighborhood:
Palm Beach Lakes Comm No 3 In
County:
Palm Beach
Area:
West Palm Beach
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.
Exterior Features

Construction BlockCBSConcrete Miles To Expressway 1 Roof Built-UpOtherSteel Joist Waterfront Description Canal Width 1 - 80Interior Canal Waterfront YN No

Interior Features

Bath Toilets 20.00 Ceiling AcousticInsulatedSuspended Cooling Central IndividualElectric Flooring CarpetMarbleWood Floor Heating CentralElectric Miscellaneous1 Landscaped Miscellaneous2 Meeting RoomOfficePrivate RestroomPublic RestroomRear AccessRestaurantSeparate Office AreaShowroomTraffic AutoTraffic Heavy Percent Air Conditioned 100.00 Unit1 Half Baths 11 Unit1 Unit Desc Shops Unit2 Half Baths 11 Unit2 Unit Desc Suites

Property Features

Auction No Available Docs Enviro. Audit-PH1Survey Available Info AppraisalCopies of LeaseExisting SurveyFull FinancialsPhotos Built Desc Resale Fire Protection Smoke AlarmSprinkler For Lease Yes For Sale Yes Lease 1-3 Years4-6 Years7-10 YearsGross RentLong TermOption Available List Office Board Code Realtor Association of the Palm Beaches (RAPB) Location Airport AccessAnchor CenterCityInvestmentShopping Center Maintenance Fee Includes Insurance-BldgLawn CareMaintenance-ExteriorReal Estate Tax Meters 3.00 Min Lease Months 36.00 Possession At ClosingSubject to Lease Sale Includes Building and LandSigns Security Security Light Special Info City JurisdictionTitle Insurance Tax Amount Real Estate Taxes 50034.00 Tax Year 2017 Tenant Pays Common Area Maint.ElectricSewerWater Tenants 3 Terms Considered CashConventionalExchange Type Of Building CommercialIncomeMedicalOffice/RetailRestaurantRetailShopping CenterSpecial Purpose Unit1 Rent Period Month Unit1 Units 1 Unit2 Rent Period Month Unit2 Units 1 Use OtherProfessional OfficeRetail Utilities 201+ Amp220ElectricPublic SewerPublic WaterSeparate Meter Zoning StoreGC

Listing provided courtesy of H. Alan Welles Real Est, Llc: . Listing information © 2024 BeachesMLS
 
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Hector Vidaurre | RE/MAX Select Group
1820 N Corporate Lakes Blvd
Weston FL, 33326