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Wade M. Berlin

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2223 Palm Beach Lakes Boulevard
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PRICED AT ONLY: $8,750,000

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

Description

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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  • MLS#: RX-11120696 ( Retail )
  • Street Address: 2223 Palm Beach Lakes Boulevard
  • Viewed: 14
  • Price: $8,750,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1980
  • Bldg sqft: 0
  • Days On Market: 16
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Features
Building and Construction
  • Absolute Longitude: 80.097321
  • Ceiling: Exposed, Height Varies, Suspended
  • Construction: Block, CBS, Concrete
  • Flooring: Concrete
  • Roof: Built-Up, Other, Steel Joist
  • Sqft Source: Tax Rolls
  • Total Building Sqft: 27200.00
  • Type Of Building: Commercial, Free Standing, Retail
Property Information
  • Property Condition: Resale
  • Property Desc: Multi-Tenant
  • Property Group Id: 19990816212135227274000000
Eco-Communities
  • Waterfront Details: None
Utilities
  • Air Conditioned: 100.00
  • Cooling: Ceiling Fan, Central Individual, Electric
  • Fire Protect: Smoke Alarm, Sprinkler
  • Heating: Central Individual, Electric
  • Num Of Stories: 1.0
  • Utilities: 201+ Amp, 220, Electric, Public Sewer, Public Water, Separate Meter
Finance and Tax Information
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Common Area Maint., Insurance, Taxes
Other Features
  • Avail Docs: Previous Title, Survey
  • Avail Info: Copies of Lease, Photos
  • Country: United States
  • Legal Desc: PALM BEACH COMMERCIAL PL 3 LTS 3 & 4
  • Location: Central Business Dst, City, County, Investment
  • Miscellaneous 1: Landscaped, Sprinkler Water
  • Miscellaneous 2: Rear Access, Separate Office Area, Showroom, Traffic Heavy
  • Multiple Ofrs Acptd: Yes
  • Parcel Id: 74434319110000030
  • Possession: At Closing
  • Sale Includes: Building and Land
  • Special Info: Presently Leased
  • Use: Retail
  • Views: 14
  • Zoning: GC(cit

Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin