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

1980

YEAR BUILT

$8,250,000

LISTING PRICE

Retail

TYPE

MLS#: RX-11120696

Type of Building: Commercial, Free Standing and Retail


For More Information Call:

561-283-4663

The multi-tenant retail storefront is operating with two main units. The building was completely renovated between 2017-2018, roof(2018), and new HVAC's(2025).The first unit (Previously Rock Fitness : 16,000 SF) is vacant and we have had interest from prospective tenants at market rents. The second unit (Furniture Direct : 11,200 SF) is operating and has 3 years remaining on their initial 10 year lease (ending October 2028), which they would like to renew and are amenable to increase their rent to market value. They currently on a NNN lease with 4% annual increases, plus monthly CAM.The 1.74 AC : 76,230 SF Lot, zoned GC, has a wide range of permitted uses. Included but not limited to department store, religious centers, gyms, spas, multifamily, supermarkets, and recreational uses


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  • Acres1.74 acres
  • Available DocumentsPrevious Title and Survey
  • Available InformationCopies of Lease and Photos
  • Built DescriptionResale
  • CeilingExposed, Height Varies and Suspended
  • CityWest Palm Beach
  • ConstructionBlock, CBS and Concrete
  • CoolingCeiling Fan, Central Individual and Electric
  • CountyPalm Beach
  • DirectionsLocated on the north side of Palm Beach Lakes Boulevard just West of I-95 before Okeechobee Boulevard. Directly next door to Park Avenue Grill and across the street from Twin Peaks.
  • Fire ProtectionSmoke Alarm and Sprinkler
  • FlooringConcrete
  • For LeaseNo
  • For SaleYes
  • HeatingCentral Individual and Electric
  • LeaseLong Term, Subject to Lease and Triple Net
  • Lease Price SqFt$321.69 / sqft
  • Legal DescriptionPALM BEACH COMMERCIAL PL 3 LTS 3 & 4
  • List Price$8,250,000
  • List Price/SqFt$303.30 / sqft
  • Listing DateWednesday, September 3rd, 2025
  • Listing IDRX-11120696
  • Listing Price$8,250,000
  • Listing StatusActive
  • LocationCentral Business Dst, City, County and Investment
  • Maintenance Fee IncludedExterior Electric, Grounds/ Plants, Insurance-Bldg, Real Estate Tax, Sales Tax, Trash Removal and Water
  • Miscellaneous 1Landscaped and Sprinkler Water
  • Miscellaneous 2Rear Access, Separate Office Area, Showroom and Traffic Heavy
  • Multiple Offers AcceptedYes
  • Number of Stories1
  • Number of Toilets8
  • Percent Air Conditioned100%
  • PossessionAt Closing
  • Property DescriptionMulti-Tenant
  • Property TypeCommercial
  • Real Estate Taxes$78,788.20
  • RoofBuilt-Up, Other and Steel Joist
  • Sale IncludesBuilding and Land
  • Special InformationPresently Leased
  • SqFt SourceTax Rolls
  • State/ProvinceFL
  • StatusActive
  • Status Change DateWednesday, September 3rd, 2025
  • Street NamePalm Beach Lakes
  • SubdivisionPalm Beach Lakes Comm 3
  • Tax Year2024
  • Tenant PaysCommon Area Maint., Insurance and Taxes
  • Terms ConsideredCash, Conventional and Exchange
  • Total Building SqFt27,200 sqft
  • Total Units in Building2
  • TypeRetail
  • Type of BuildingCommercial, Free Standing and Retail
  • Utilities201+ Amp, 220, Electric, Public Sewer, Public Water and Separate Meter
  • Virtual TourYes
  • WaterfrontNo
  • Waterfront DetailsNone
  • Year Built1980
  • Zip Code33409
  • ZoningGC(cit

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