639 E Ocean Avenue, Boynton Beach, FL 33435

Status: Active







MLS#: RX-10628863

Type of Building: Commercial, Commercial Condo, Medical, Office Space, Office/Professional and Office/Retail

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Great Investment. Great Investment. 2 OF 3 units available fully rented at $1745, and $3568/month. 1200 Sq Ft open floor plan x 4. This boutique office building sits in the center of the flourishing Boynton Beach Downtown area with multiple future developments on the rise. Conveniently located next to restaurants, shopping, and residential dwellings, this completely renovated suite is an ideal location. Have 4 units for sale .Assoc pays water bill, sewer, trash, wind insurance, fire insurance, E&O insurance; Dues $600/quarter per unit. Flood insurance paid by unit owners with a mortgage.Owners pay electric and cable / phone. This land is a target for redevelopment.Make great CAP Rate until buyout offer comes. Seller will take BTC

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  • Acres2 acres
  • Annual Assoc/Condo Dues$200
  • Available DocumentsNone
  • Available InformationNone
  • Building Info: Miles to Beach1 miles
  • Building Info: Number of Offices35
  • Built DescriptionResale
  • CityBoynton Beach
  • CoolingCentral Individual
  • CountyPalm Beach
  • DirectionsOcean Avenue and Federal (US1)
  • Expenses: Common Area Maintenance$2,400
  • Fire ProtectionSmoke Alarm
  • FlooringOther
  • For LeaseYes
  • For SaleYes
  • HeatingCentral Individual
  • LeaseAnnual
  • List Price$300,000
  • Listing DateSunday, April 23rd, 2023
  • Listing IDRX-10628863
  • Listing Price$300,000
  • Listing StatusActive
  • Monetary Info: Gross Scheduled Income$20,400
  • Monetary Info: Source of ExpensesBooks
  • Monetary Info: Total Expenses$2,400
  • Number of Meters2
  • Number of Stories4
  • Number of Toilets2
  • Percent Air Conditioned100%
  • Property DescriptionOffice
  • Property TypeCommercial
  • Real Estate Taxes$3,302.80
  • RoofOther
  • Sale IncludesNone
  • SqFt SourceTax Rolls
  • State/ProvinceFL
  • StatusActive
  • Status Change DateSunday, April 23rd, 2023
  • Street NameOcean
  • SubdivisionFirst Financial Plaza Condo
  • Tax Year2019
  • Tenant PaysCable and Electric
  • Terms ConsideredCash, Cryptocurrency, Exchange, Lease Option and Lease Purchase
  • Total Units in Building38
  • TypeOffice
  • Type of BuildingCommercial, Commercial Condo, Medical, Office Space, Office/Professional and Office/Retail
  • Unit Number202
  • UtilitiesPublic Water
  • Virtual TourYes
  • Year Built1980
  • Zip Code33435
  • ZoningCBD(ci