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2223 Palm Beach Lakes Boulevard

West Palm Beach Short Sales

$5,999,999 USD 3.9% Reduced $246,728

$5,999,999
3.9% Reduced $246,728

27,266 Sqft | 1.75 Acres Disagree?

2223 Palm Beach Lakes Boulevard

West Palm Beach Short Sales

$5,999,999
3.9% Reduced $246,728

27,266 Sqft | 1.75 Acres

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Property Highlights

  • MLS# : RX-10451836
  • Total Area : 27,266 sqft ($221/sqft)
  • Construction : Block, CBS, Concrete
  • Days on Market : 740
  • Property Type : Commercial Industrial
  • Zoning : STORE, GC
  • Status : Active
  • Year Built : 2007
  • Waterfront : Yes
  • Complex : Palm Beach Lakes Comm No 3 In
  • Property Sub Type : Commercial, Income, Medical, Office/Retail, Restaurant, Retail, Shopping Center, Special Purpose
  • View Property History
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Property Details

9+CAP; CURRENTLY 100% OCCUPIED HOWEVER, DUE TO COVID TENANTS ARE NOT PAYING PER LEASE AGREEMENT WHICH ALLOWS FOR MULTIPLE OPPORTUNITIES FOR OWNER-USER OR INVESTMENT. OWNER IS MOTIVATED TO SELL BRING ALL CASH OFFERS. 27, 500 SF (16,500 SF) Leased to Rock Fitness Gym 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 with 20 year warranty (2017) and full interior (2018-2019). The building configuration consists of 2 separate spaces 16,500 SF and 11,000 SF There are currently separate electric meters and 7 HVAC Systems. There is also a state of the art fire protection and sprinkler UL rated system in place with heavy electric.

General Information
  • Acres: 1.75
  • Cooling: Central Individual, Electric
  • Heating: Central, Electric
  • Pool: 5500 SF retail/ofc
  • Security: Security Light
  • Total Units in Building: 3
  • Utilities: 201+ Amp, 220, Electric, Public Sewer, Public Water, Separate Meter
  • Carport Spaces: 3
  • Flooring: Carpet, Marble, Wood Floor
  • Location: Airport Access, Anchor Center, City, Investment, Shopping Center
  • Roof: Built-Up, Other, Steel Joist
  • Stories: 1
  • Unit Floor: 36.00
  • Zoning: Store, Gc
  • Carport Spaces: 3
  • Flooring: Carpet, Marble, Wood Floor
  • Location: Airport Access, Anchor Center, City, Investment, Shopping Center
  • Roof: Built-Up, Other, Steel Joist
  • Stories: 1
  • Unit Floor: 36.00
  • Zoning: Store, Gc
Fees and Membership
  • Application Fee: $21
  • Membership Equity: Yes
  • Tax Year: 2017
  • Maint. Fee Includes: Insurance-Bldg, Lawn Care, Maintenance-Exterior, Real Estate Tax
  • Tax Amount: $50,034
  • Tenant Pays: Common Area Maint., Electric, Sewer, Water
  • Maint. Fee Includes: Insurance-Bldg, Lawn Care, Maintenance-Exterior, Real Estate Tax
  • Tax Amount: $50,034
  • Tenant Pays: Common Area Maint., Electric, Sewer, Water

Listing Courtesy of H. Alan Welles Real Est, Llc.

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ECHO FINE PROPERTIES

C 561-500-3246

O 561-500-3246

F 561-277-2500

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