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2223 Palm Beach Lakes Boulevard, West Palm Beach, FL – $8,805,380

  • $8.8M Price
  • 27,266 Sqft
  • Acres
  • $8.8M Price
  • 27,266 Sqft
  • Acres

2223 Palm Beach Lakes Boulevard

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
  • Square Footage27,266
  • Acres1.75
  • Year Built2007
  • TypeCommercial
  • StatusActive

Sub-Type

Retail, Professional Office, Other

Style

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

Community Information

  • Area5410
  • SubdivisionPALM BEACH LAKES COMM NO 3 IN
  • CityWest Palm Beach
  • CountyPalm Beach
  • StateFL
  • Zip Code33409

Address

2223 Palm Beach Lakes Boulevard

Amenities

Utilities

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

Waterfront

Canal Width 1-80 Feet, Interior Canal

Interior

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

Exterior

  • Lot Description5500 SF retail/ofc
  • RoofOther, Built-Up, Steel Joist
  • ConstructionBlock, CBS, Concrete

Additional Information

  • Listing Courtesy ofH. Alan Welles Real Est, LLC
  • Date ListedJuly 31st, 2018
  • ZoningStore , GC
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Price Change History for 2223 Palm Beach Lakes Boulevard, West Palm Beach, FL (MLS® #RX-10451836)

Date Details Change
Price Reduced from $8,861,111 to $8,805,380 $55,731 (0.63%)
Price Increased from $7,800,000 to $8,861,111 $1,061,111 (13.60%)
Price Increased from $5,999,999 to $7,800,000 $1,800,001 (30.00%)
Price Increased from $5,466,000 to $5,999,999 $533,999 (9.77%)
Price Reduced from $5,999,999 to $5,466,000 $533,999 (8.90%)
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