Real Estate in West Palm Beach

2223 Palm Beach Lakes Boulevard, West Palm Beach, FL 33409 (MLS # RX-10451836)

Save to Favorites
Print
Share
PRICE $5,466,000
SIZE n/a
LOT SIZE 1.75 ac

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.

DAYS ON MARKET 787 LAST UPDATED 9/2/2020
TRACT PALM BEACH LAKES COMM NO 3 IN YEAR BUILT 2007
COUNTY Palm Beach STATUS Active
PROPERTY TYPE(S) Commercial

PRICE HISTORY
Prior to Dec 27, '18 $6,255,357
Dec 27, '18 - Apr 9, '19 $6,400,000
Apr 9, '19 - May 7, '19 $6,161,000
May 7, '19 - Jul 8, '19 $5,962,000
Jul 8, '19 - Jul 6, '20 $6,569,575
Jul 6, '20 - Aug 6, '20 $6,246,727
Aug 6, '20 - Sep 2, '20 $5,999,999
Sep 2, '20 - Today $5,466,000


ADDITIONAL DETAILS
# OF METERS 3.00
# OF STORIES 1.0
% AIR CONDITIONED 100.00
ACRES 1.75
AREA 5410
AVAIL DOCS Enviro. Audit-PH1, Survey
AVAIL INFO Appraisal, Copies of Lease, Existing Survey, Full Financials, Photos
BATHS - # TOILETS 20.00
BUILDING INFO: # OF TENANTS 3
BUILDING INFO: MILES TO EXPRESSWAY 1
CEILING Acoustic, Insulated, Suspended
CITY West Palm Beach
CONSTRUCTION Block, CBS, Concrete
COOLING Central Individual, Electric
COUNTY Palm Beach
FIRE PROTECT Smoke Alarm, Sprinkler
FLOORING Carpet, Marble, Wood Floor
FOR LEASE Yes
FOR SALE Yes
GEO AREA PB23
HEATING Central, Electric
LEASE 1-3 Years, 4-6 Years, 7-10 Years, Gross Rent, Long Term, Option Available
LEASE PRICE SQFT 21.00
LEASE YEAR 2018.00
LEGAL DESC PALM BEACH COMMERCIAL PL 3 LTS 3 & 4
LOCATION Airport Access, Anchor Center, City, Investment, Shopping Center
MAINTENANCE FEE INCL Insurance-Bldg,Lawn Care,Maintenance-Exterior,Real Estate Tax
MIN LEASE MONTHS 36.00
MISCELLANEOUS 1 Landscaped
MISCELLANEOUS 2 Meeting Room, Office, Private Restroom, Public Restroom, Rear Access, Restaurant, Separate Office Area, Showroom, Traffic Auto, Traffic Heavy
MULTIPLE OFRS ACPTD Yes
PARCEL ID 74434319110000030
PROPERTY DESC 5500 SF retail/ofc
REAL ESTATE TAXES 50034.00
ROOF Built-Up, Other, Steel Joist
SECURITY Security Light
SPECIAL INFO City Jurisdiction, Title Insurance
SQFT SOURCE Tax Rolls
SUBDIVISION PALM BEACH LAKES COMM NO 3 IN
TAX YEAR 2017
TENANT PAYS Common Area Maint.,Electric,Sewer,Water
TOTAL BUILDING SQFT 27266.00
TOTAL UNITS 3
TYPE Commercial Industrial
TYPE OF BUILDING Commercial,Income,Medical,Office/Retail,Restaurant,Retail,Shopping Center,Special Purpose
UNIT 1: # OF UNITS 1
UNIT 1: HALF BATHS 11
UNIT 1: RENT PERIOD Month
UNIT 1: UNIT DESC Shops
UNIT 2: # OF UNITS 1
UNIT 2: HALF BATHS 11
UNIT 2: RENT PERIOD Month
UNIT 2: UNIT DESC Suites
USE Other,Professional Office,Retail
UTILITIES 201+ Amp, 220, Electric, Public Sewer, Public Water, Separate Meter
WATERFRONT Canal Width 1 - 80, Interior Canal
YEAR BUILT 2007
YEAR BUILT DESC Resale
ZIP CODE 33409
ZONING Store , GC

ZESTIMATE
2223 Palm Beach Lakes Boulevard, West Palm Beach, FL

RENT ZESTIMATE
$ / mo.  2223 Palm Beach Lakes Boulevard, West Palm Beach, FL

65 Somewhat Walkable



 
CONTACT US ABOUT 2223 PALM BEACH LAKES BOULEVARD
 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Ginger Gowing to contact you even if your name is on a Federal or State "Do not call List".

Listed with H. Alan Welles Real Est, LLC
Beaches MLS Logo

2020 All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2020 BeachesMLS, Inc

  • Contact Me

  • Latest Real Estate