2223 Palm Beach Lakes Boulevard, West Palm Beach, FL 33409

2007

YEAR BUILT

$8,861,111

LISTING PRICE

Industrial

TYPE

MLS#: RX-10451836

Type of Building: Commercial, Income, Medical, Office/Retail, Restaurant, Retail, Shopping Center and Special Purpose


For More Information Call:

561-283-4663

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.


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  • Acres1.75 acres
  • Available DocumentsEnviro. Audit-PH1 and Survey
  • Available InformationAppraisal, Copies of Lease, Existing Survey, Full Financials and Photos
  • Building Info: Miles to Expressway1 miles
  • Building Info: Number of Tenants3
  • Built DescriptionResale
  • CeilingAcoustic, Insulated and Suspended
  • CityWest Palm Beach
  • ConstructionBlock, CBS and Concrete
  • CoolingCentral Individual and Electric
  • CountyPalm Beach
  • DirectionsThe 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. It is seconds away from I-95.
  • Fire ProtectionSmoke Alarm and Sprinkler
  • FlooringCarpet, Marble and Wood Floor
  • For LeaseYes
  • For SaleYes
  • HeatingCentral and Electric
  • Lease1-3 Years, 4-6 Years, 7-10 Years, Gross Rent, Long Term and Option Available
  • Lease Price SqFt$21 / sqft
  • Lease Year2,018
  • Legal DescriptionPALM BEACH COMMERCIAL PL 3 LTS 3 & 4
  • List Price$8,861,111
  • List Price/SqFt$324.98 / sqft
  • Listing DateSaturday, September 17th, 2022
  • Listing IDRX-10451836
  • Listing Price$8,861,111
  • Listing StatusActive
  • LocationAirport Access, Anchor Center, City, Investment and Shopping Center
  • Maintenance Fee IncludedInsurance-Bldg, Lawn Care, Maintenance-Exterior and Real Estate Tax
  • Minimum Lease Months36
  • Miscellaneous 1Landscaped
  • Miscellaneous 2Meeting Room, Office, Private Restroom, Public Restroom, Rear Access, Restaurant, Separate Office Area, Showroom, Traffic Auto and Traffic Heavy
  • Multiple Offers AcceptedYes
  • Number of Meters3
  • Number of Stories1
  • Number of Toilets20
  • Percent Air Conditioned100%
  • Property Description5500 SF retail/ofc
  • Property TypeCommercial
  • Real Estate Taxes$50,034
  • RoofBuilt-Up, Other and Steel Joist
  • Sale IncludesBuilding and Land and Signs
  • SecuritySecurity Light
  • Special InformationCity Jurisdiction and Title Insurance
  • SqFt SourceTax Rolls
  • State/ProvinceFL
  • StatusActive
  • Status Change DateSaturday, September 17th, 2022
  • Street NamePalm Beach Lakes
  • SubdivisionPalm Beach Lakes Comm No 3 In
  • Tax Year2017
  • Tenant PaysCommon Area Maint., Electric, Sewer and Water
  • Terms ConsideredCash, Conventional and Exchange
  • Total Building SqFt27,266 sqft
  • Total Units in Building3
  • TypeIndustrial
  • Type of BuildingCommercial, Income, Medical, Office/Retail, Restaurant, Retail, Shopping Center and Special Purpose
  • Unit 1: Half Baths11
  • Unit 1: Number of Units1
  • Unit 1: Rent PeriodMonth
  • Unit 1: Unit DescriptionShops
  • Unit 2: Half Baths11
  • Unit 2: Number of Units1
  • Unit 2: Rent PeriodMonth
  • Unit 2: Unit DescriptionSuites
  • Utilities201+ Amp, 220, Electric, Public Sewer, Public Water and Separate Meter
  • Virtual TourYes
  • WaterfrontNo
  • Waterfront DetailsCanal Width 1 - 80 and Interior Canal
  • Year Built2007
  • Zip Code33409
  • ZoningStore , GC

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