Home » West Palm Beach » 2223 Palm Beach Lakes Boulevard, West Palm Beach, FL 33409 | R10451836/RX-10451836

Industrial For Sale 2223 Palm Beach Lakes Boulevard, West Palm Beach, FL 33409

$12,000,001
Price has increased by $5,744,644

Property Highlights

Listing ID R10451836/RX-10451836 Status of this Listing: Active For Sale Property Type Commercial Sale Industrial Year Built 2007 Time of this property on Rebonus 2323 Day(s)

2223 Palm Beach Lakes Boulevard, West Palm Beach, FL 33409

Property Description: 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.

Commercial Sale Industrial For Sale located at 2223 Palm Beach Lakes Boulevard West Palm Beach FL 33409 in Palm Beach referenced as ID MLS # R10451836. Find below more comprehensive details about this property. Get in touch with Rebonus, Realtors to arrange a personal viewing or a live video tour, or to submit an offer. If you are a property owner interested in selling a similar property, contact us and receive a free comparative market analysis. We also provide online video calls and meetings.

Useful Info

Previous Asking Price:$8,805,380
Original List Price:$6,255,357

Lease Details

Lease Terms Description:4 To 6 Year Lease,7-10 Year Lease,Gross Rent Shown,Long Term Lease,Options Available

Land Lot (Parcel) Details

Lot Size Acres:1.75
Lot Features:
  • City Lot

Construction

Number of Units Total:1
Levels:One
Construction Materials:
  • Block
Flooring:
  • Carpet
  • Wood
  • Marble
Stories:1

Property Features

Waterfront:No
Waterfront Features:
  • Canal Access
Security:
  • Smoke Detector(s)
  • Fire Sprinkler System
  • Security Lights
Roof:
  • Other
  • Built-up
  • Steel Trusses
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Electric
Heating:Yes
Heating System:
  • Central
  • Electric

Taxes and Expenses

Tax Annual Amount:$50,034

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2017

Terms

Documents Available:
  • Survey
  • Environmental Study
Disclosures:
  • Owner Is Listing Agent
Listing Terms Considered by Seller:
  • Cash
  • Conventional
  • 1031 Exchange
Buyer Possession:
  • Subject To Tenant Rights
  • Close Of Escrow
Lease Term:
  • Long Term
Tenant Pays:
  • Exterior Electric
  • Water
  • Sewer
Lease Considered:No

Community

Subdivision Name:PALM BEACH LAKES COMM NO
Association Fee Includes:
  • Maintenance Grounds
  • Maintenance Structure
  • Insurance
Complex Name:PALM BEACH LAKES COMM NO
Senior Community:No
Restrictions:CityRestrictions

Parking

Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Electric:
  • 220 Volts
  • 200+ Amp Service
Utilities Available:
  • Electricity Available
  • Sewer Available
  • Water Available
Water Source:
  • Public

More Details

Other Information:
Data exchange original Listing NumberRX-10451836

Zoning and Legal

Tax Legal Description:PALM BEACH COMMERCIAL PL 3 LTS 3 & 4
Real Estate Folio Number (Parcel Number):74434319110000030
Zoning Description:Store ,

Listing History

Update/EventDate/Days
Published Date:July 30, 2018 7:50 pm
On Market Date:July 30, 2018
Listing Contract Date:July 30, 2018
Price Change Date Time:August 24, 2024 12:00 am
Last Important Update Description:Price Change
Date and Time of Last Important Update:August 24, 2024 1:23 pm
Status Last Changed:September 17, 2022 12:00 am
Photos Last Modified:September 10, 2023 11:05 pm
Last Modified:September 30, 2024 9:27 pm
Days on the Market Reference Date:August 25, 2024
Days on the Market (updated on Last Modified*):2131
Cumulative Days on the Market (updated on Last Modified**):2131

Additional Information

Lot Size Range:,
Number of Photos:13
Location:City Location,Near Airport,Anchored Center,City Location,Shopping Center
Included:Building & Land,Signs,Signs Included,
Geographical Area:Palm Beach 5400; 5410; 5450
Area:5410
Automated Valuation Display:Yes
Courtesy of:H. Alan Welles Real Est, LLC
Universal Property Id:US-12099-N-74434319110000030-R-N

Location

Show Property Address:Yes
Street Name:Palm Beach Lakes Boulevard
Street Number:2223
Street Address:2223 Palm Beach Lakes Boulevard
City : West Palm Beach
State : Florida
Zip Code : 33409
County : Palm Beach
Full Address:2223 Palm Beach Lakes Boulevard, West Palm Beach, FL 33409
Latitude:N26° 42' 40.5''
Longitude:W81° 54' 8.9''

Neighborhood

Postal City:West Palm Beach

Property Map