Palm Beach Lakes West Palm Beach, FL 33409
$12,000,001   BR 0BA 0SqFt   Back to Results
List Price
$12,000,001
Price Change
  $5,744,644
MLS#
RX-10451836
Status
Active
Type
Commercial
Building Name
City
West Palm Beach
Bedrooms
Full Bathrooms
Half Bathrooms
Year Built

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.

Additional Information


Area
5410
Zoning
Store , GC
Taxes
$50,034
Tax Year
2017
Parcel Id
74434319110000030
Legal Description
PALM BEACH COMMERCIAL PL 3 LTS 3 & 4
Carport Spaces
3
List Price Sqft
$440
Source
BEA
Listing courtesy of H. Alan Welles Real Est, LLC (561) 744-8900
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