12
2223 Palm Beach Lakes Boulevard
$8,750,000 Sale
Listed 23 hours ago
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Key Facts
Key facts for 2223 Palm Beach Lakes Boulevard
Property Type
Commercial, Unspecified
Parking
Unspecified
MLS #
R11120696
Size
-
Basement
-
Listed on
-
Lot size
-
Tax
$78,788 /yr
Days on Market
-
Year Built
1980
Maintenance Fee
-
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, Directions:Located on the north side of Palm Beach Lakes Boulevard just West of I-95 before Okeechobee Boulevard. Directly next door to Park Avenue Grill and across the street from Twin Peaks.
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Courtesy of: Keller Williams Realty/P B

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