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$8,805,380 USD 0.6% Reduced $55,731

$8,805,380
0.6% Reduced $55,731

27,266 Sqft | 1.75 Acres Disagree?

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$8,805,380
0.6% Reduced $55,731

27,266 Sqft | 1.75 Acres

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Property Highlights

  • MLS# : RX-10451836
  • Total Area : 27,266 sqft ($323/sqft)
  • Waterfront : Yes
  • Complex : Palm Beach Lakes Comm No
  • View Property History
  • Status : Active
  • Year Built : 2007
  • Days on Market : 2067
  • Property Type : Commercial Industrial
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Property Details

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.

General Information
  • Acres: 1.75
  • Flooring: Carpet, Marble, Wood
  • Lot Description: City Lot
  • Security: Fire Sprinkler System, Smoke Detector(s), Security Lights
  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Roof: Built-Up, Other
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Roof: Built-Up, Other
  • Utilities: Electricity Available, Sewer Available, Water Available
Fees and Taxes
  • Buyer Agent Commission: 1
  • Tax Amount: $50,034
  • Tenant Pays: Sewer, Water
  • Maint. Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure
  • Tax Year: 2017
  • Maint. Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure
  • Tax Year: 2017

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

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