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
AVG $1.12M
$5.47M
Taxes
AVG $28,641
$50,034
Visits
AVG 64
133
Year Built
AVG 1980
2007
Walkscore
AVG 59
66
Data Provided by Walkscore ® not using MLS data