Homes for sale - 2223 Palm Beach Lakes BLVD, West Palm Beach, FL 33...

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Dennis Lue Yat

dennis@luxeiqgroup.com +1(561) 571-1425

Listed by Keller Williams Realty/P B

$8,750,000

Est. payment - /mo

8 Baths

27,200 SqFt

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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 27,200 sqft

Price per Sqft $321

MLS Listing ID RX-11120696

Construction Status Resale

Year Built 1980

Annual Tax Amount $78,788

Tax Year 2024

Lot Size 1.740 Acres

Property Sub-Type Retail

Property 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

Location

Subdivision Palm Beach Lakes Comm 3

State FL

County Palm Beach

Area 5410

Zoning GC(cit

Interior

Heating Central Individual, Electric

Cooling Ceiling Fan, Central Individual, Electric

Flooring Concrete

Fireplaces Type Smoke Alarm, Sprinkler

Exterior

Community Features Presently Leased

Utilities Available 201+ Amp, 220, Electric, Public Sewer, Public Water, Separate Meter

Waterfront Description None

Roof Type Built-Up,Other,Steel Joist

Present Use Presently Leased

Building

Story 100.00

Foundation Block, CBS, Concrete

Construction Status Resale

Others

HOA Fee Include Exterior Electric,Grounds/ Plants,Insurance-Bldg,Real Estate Tax,Sales Tax,Trash Removal,Water

Miscellaneous Landscaped,Sprinkler Water

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Financing Cash,Conventional,Exchange

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Dennis Lue Yat

+1(561) 571-1425

Broker | SL3301099

Broker SL3301099

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2223 Palm Beach Lakes BLVD West Palm Beach, FL 33409

Dennis Lue Yat

Key Details

Location

Interior

Exterior

Building

Others

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