2223 Palm Beach Lakes Boulevard #RX-10451836 - Palm Beach County Real Estate Artboard 1? alert-icon? Artboard 1? ? ? delete-icon? edit-icon? email-icon hide-hover-icon? Artboard 1? login-icon-white Artboard 1? next-icon-left next-icon-right-left next-icon-left-ochre next-icon next-icon-right-grey next-icon-right-ochre plus-with-circle-iconP search-fw-icon? search-icon-ochre search-icon-white

$7,800,000 USD

$7,800,000

27,266 Sqft | 1.75 Acres Disagree?

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2223 Palm Beach Lakes Boulevard

West Palm Beach Commercial Properties / Northern Palm Beaches Commercial Properties

$7,800,000

27,266 Sqft | 1.75 Acres

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Property Highlights

  • MLS# : RX-10451836
  • Total Area : 27,266 sqft ($287/sqft)
  • Construction : Block, Concrete, CBS
  • Days on Market : 1173
  • 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, Special Purpose, Shopping Center, Retail, Restaurant, Office/Retail, Medical, Income
  • View Property History
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Property Details

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.

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, Separate Meter, Public Sewer, Public Water, Electric, 220
  • Carport Spaces: 3
  • Flooring: Carpet, Wood Floor, Marble
  • Location: Airport Access, Shopping Center, Investment, City, Anchor Center
  • Roof: Built-Up, Other, Steel Joist
  • Stories: 1
  • Unit Floor: 36.00
  • Zoning: Store, Gc
  • Carport Spaces: 3
  • Flooring: Carpet, Wood Floor, Marble
  • Location: Airport Access, Shopping Center, Investment, City, Anchor 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, Real Estate Tax, Maintenance-Exterior, Lawn Care
  • Tax Amount: $50,034
  • Tenant Pays: Common Area Maint., Water, Sewer, Electric
  • Maint. Fee Includes: Insurance-Bldg, Real Estate Tax, Maintenance-Exterior, Lawn Care
  • Tax Amount: $50,034
  • Tenant Pays: Common Area Maint., Water, Sewer, Electric

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

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