Address2223 Palm Beach Lakes Blvd, West Palm Beach, FL, 33409

Price$8,805,380

  • Commercial
  • 27,266 SQ FT
  • Built in 2007

CURRENTLY 100% OCCUPIED HOWEVER, TENANTS BOTH HAVE DEFAULTS WHICH ALLOWS FOR MULTIPLE OPPORTUNITIES FOR OWNER-USER OR INVESTMENT. LANDLORD CAN RE-TENANT BUILDING TO QUICKLY INCREASE VALUE OF BUILDING UP TO $14,500,000 WITH A CREDIT TENANT AT MARKET RENT, BRING ONLY CASH OFFERS. 27, 500 total square feet, 16,500 SF is Leased to a Fitness Gym (Short term lease as there is a new tenant who replaced Rock Fitness and (11,000 SF) Leased to Furniture Direct(5+ locations in S. FL) The Retail property was completely renovated between 2017 - 2018 including a new roof.MINIMUM OF 16,500 SF OF BLDG CAN BE DELIVERED VACANTThe subject property is located near the intersection of Palm Beach Lakes Blvd. and Village Blvd. Next to Red Lobster and PA BBQ across the street from Twin Peaks.

Essential Information

  • MLS® #RX-10451836
  • Price$8,805,380
  • Taxes$50,034 (2017)
  • Square Footage27,266
  • Acres1.75
  • Price/SqFt$323 USD
  • Year Built2007
  • TypeCommercial
  • StatusActive

Community Information

  • Address2223 Palm Beach Lakes Blvd
  • Area5410
  • CityWest Palm Beach
  • CountyPalm Beach
  • StateFL
  • Zip Code33409

Sub-Type

Retail, Professional, Office, Other

Style

Commercial, Income, Medical, Office/Retail, Restaurant, Retail, Shopping Center, Special Purpose

Subdivision

PALM BEACH LAKES COMM NO 3 IN

Utilities

3-Phase Electric, Public Sewer, Public Water, 201+ Amp, 220, Separate Meter

Waterfront

Canal Width 1 - 80, Interior Canal

Cooling

Central Individual, Electric

Roof

Other, Built-Up, Steel Joist

Office

H. Alan Welles Real Est, LLC

Amenities

Interior

  • AppliancesBuilding and Land, Signs
  • HeatingCentral, Electric
  • # of Stories1

Exterior

  • Lot Description5500 SF retail/ofc
  • ConstructionBlock, CBS, Concrete

Additional Information

  • Days on Website745
  • ZoningStore , GC

Listing Details

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Price Change History for 2223 Palm Beach Lakes Blvd, West Palm Beach, FL (MLS® #RX-10451836)

Date Details Change
Price Reduced from $8,861,111 to $8,805,380 $55,731 (0.63%)
Status Changed from Price Change to Active
Status Changed from Active to Price Change
Price Increased from $7,800,000 to $8,861,111 $1,061,111 (13.60%)

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