West Palm Beach, FL 33404
$4,700,000
1 more
Presented By: This listing is courtesy of Douglas Elliman;
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
SQFT • 17,417
Home Details
This functional small bay industrial/flex property in Riviera Beach, FL, has been fully occupied by national and regional tenants for over 15 years. The current leases are nearing their ends, with 2 and 3 years remaining. With a current NOI of $264,393, which is below market rent, there's potential for increased revenue in 2027 and 2028 based on the actual market value of $25 per square foot (NNN). The property features a versatile layout with 9 grade-level doors, office and showroom frontage on a prominent road, and easy access to I-95 via major boulevards. All NNN leases enable investors to transfer future operating cost increases to tenants. With its prime location and functionality, this property is an excellent investment opportunity for both owner-users and investors.
Presented By: This listing is courtesy of Douglas Elliman;
Interior Features for
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
General for
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityWest Palm Beach
CountyPalm Beach
Days on Market12
Electric On Property Y/NNo
Garage Y/NNo
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionCENTRAL INDUSTRIAL PARK NORTH LOT 1 BLK 3
LevelsOne
Lot Size Square Feet52097.0
Lot Size UnitsSquareFeet
MLS Area4340
MLS Area MinorPalm Beach 4200; 4210; 4320; 4330; 4340; 4350
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeTenant
PostalCityWest Palm Beach
Private PoolNo
Property SubTypeCommercial
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories1
Structure TypeOffice, Warehouse
Tax Annual Amount36548.0
Tax Year2023
View Y/NNo
Virtual TourClick here
Waterfront Y/NNo
Year Built1990
Year Built DetailsResale
Zoning DescriptionIL
Exterior for
Building Area Total17417.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres1.3148
Lot Size Area52097.0
Number of Buildings1
Open Parking Y/NNo
SpaNo
Additional Details
Price History
