Water Views
Address
2223 Palm Beach Lakes Boulevard West Palm Beach, FL
Price
$ 5,466,000
Property Attributes
- MLS#RX-10451836
- TypeCommercial
- CountyPALM BEACH
- CityWest Palm Beach
- Area5410
- NeighborhoodPalm Beach Lakes Comm No 3 In
- Zip33409
- StyleProfessional Office,Retail
- Year Built2007
- Taxes50034
- Price$ 5,466,000
- Bedrooms0
- Full Bathrooms20
- Half Bathrooms0
- Sqr Footage27266
Listing Provided Courtesy Of:
H. Alan Welles Real Est, LLC
Property Description
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.
| Price History | |
|---|---|
| 7/31/2018 | Listed $6,255,357 |
| 4/9/2019 | 2% - $6,161,000 |
| 5/8/2019 | 4% - $5,962,000 |
| 9/2/2020 | 9% - $5,466,000 |
General Features
| Area | 5410 |
|---|---|
| Auction | No |
| Built Desc | Resale |
| Construction | Block, CBS, Concrete |
| Cooling | Central Individual, Electric |
| Flooring | Carpet, Marble, Wood Floor |
| For Lease | Yes |
| Geo Area | PB23 |
| Geo Lat | 26.711242 |
| Geo Lon | -80.097533 |
| Heating | Central, Electric |
| Legal Description | 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 |
| Misc. | Meeting Room, Office, Private Restroom, Public Restroom, Rear Access, Restaurant, Separate Office Area, Showroom, Traffic Auto, Traffic Heavy |
| Misc. | Landscaped |
| Possession | At Closing, Funding |
| Property Type | E |
| Roof | Built-Up, Other, Steel Joist |
| Security | Security Light |
| Special Info | City Jurisdiction, Title Insurance |
| Status | Active |
| Stories | 1.0 |
| Subdivision | PALM BEACH LAKES COMM NO 3 IN |
| Tax Year | 2017 |
| Tenant Pays | Common Area Maint., Electric, Sewer, Water |
| Terms Considered | Cash, Conventional, Exchange |
| Type | Commercial Industrial |
| Type Of Building | Commercial, Income, Medical, Office/Retail, Restaurant, Retail, Shopping Center, Special Purpose |
| Use | Other, Professional Office, Retail |
| Utilities | 201+ Amp, 220, Electric, Public Sewer, Public Water, Separate Meter |
| Virtual Tour | https://www.propertypanorama.com/2223-Palm-Beach-Lakes-Boulevard-West-Palm-Beach-FL-33409/unbranded |
| Year Built | 2007 |
| Zoning | Store, GC |
Interior Features
| Ceiling | Acoustic, Insulated, Suspended |
|---|---|
| Total Number of Units | 3 |
| Unit 1: Unit Desc | Shops |
| Unit 2: Unit Desc | Suites |
Exterior Features
| Sale Includes | Building and Land, Signs |
|---|---|
| Lot Size | 1.75 |
| Property Desc | 5500 SF retail/ofc |
| Waterfront | Canal Width 1 - 80, Interior Canal |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 33409
Price
Taxes
Visits
Year Built
Walkscore
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The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The data is provided exclusively for the user's personal non-commercial use, and may not be used for any purpose other than to indentify properties that the user may be interested in purchasing or leasing. The properties displayed may not be all of the properties in the MLS's database, or
Beaches MLS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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© 2021 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
This data is up-to-date as of January 15, 2021 8:07 PM UTC Some properties that appear for sale on this website may subsequently have sold and may no longer be available. For the most current information, contact Illustrated Properties Singer Island.
The information provided is for consumers' personal, non-commercial use and may not be used for any other purpose. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program (BR Program) of M.L.S.
The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The data is provided exclusively for the user's personal non-commercial use, and may not be used for any purpose other than to identify properties that the user may be interested in purchasing or leasing. The properties displayed may not be all of the properties in the MLS's database, or all
Information is deemed to be reliable, but is not guaranteed. © 2021 MLS and FBS. Prepared by Florida Keys MLS, Inc. on January 15, 2021 6:55 PM UTC The information on this sheet has been made available by the MLS and may not be the listing of the provider. The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information
Information is deemed to be reliable, but is not guaranteed. © 2021 MLS. Last Updated January 15, 2021 8:07 PM UTC The information on this sheet has been made available by the MLS and may not be the listing of the provider. Listing data provided by the Daytona Beach Area Association of REALTORS® Internet Data Exchange (IDX) program. Data is believed to be accurate but not warranted.
