$8,250,000
West Palm Beach, FL 33409
MLS# RX-11120696
Status: Active Under Contract
8 baths | 27200 sqft
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Property 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
Details
Documents
Contract Information
Status: Active Under Contract
Original List Price: 8750000
Auction: No
List Price: $8,250,000
Current Price: $8,250,000
List Price/Bldg SqFt: 303.3
Listing Date: 2025-09-01
General Property Description
Type: Retail
For Sale: Yes
For Lease: No
Lease Price SqFt: 321.69
Property Desc: Multi-Tenant
Subdivision: PALM BEACH LAKES COMM 3
Year Built: 1980
Built Desc: Resale
SqFt - Living: 27200
SqFt Source: Tax Rolls
# of Stories: 1
Total Units: 2
Baths - Total: 8
Acres: 1.74
% Air Conditioned: 100
Waterfront: No
Location Tax Legal
Area: 5410
County: Palm Beach
Parcel ID: 74434319110000030
Street #: 2223
Street Name: Palm Beach Lakes
Street Suffix: Boulevard
Zip Code: 33409
Legal Desc: PALM BEACH COMMERCIAL PL 3 LTS 3 & 4
Geo Lat: 26.711139
Geo Lon: -80.097321
Status Change Info
Under Contract Type: Active Under Contract
Under Contract Date: 2025-12-03
Property Features
Use: Retail
Type of Building: Commercial; Free Standing; Retail
Construction: Block; CBS; Concrete
Ceiling: Exposed; Height Varies; Suspended
Location: Central Business Dst; County; Investment
Sale Includes: Building and Land
Avail Docs: Previous Title; Survey
Avail Info: Copies of Lease
Miscellaneous 1: Landscaped; Sprinkler Water
Miscellaneous 2: Rear Access; Separate Office Area; Showroom; Traffic Heavy
Flooring: Concrete
Cooling: Ceiling Fan; Central Individual; Electric
Heating: Central Individual; Electric
Fire Protect: Smoke Alarm; Sprinkler
Special Info: Presently Leased
Tenant Pays: Common Area Maint.; Insurance; Taxes
Utilities: Electric; Public Sewer; Public Water; Separate Meter; 201+ Amp; 220
Waterfront Details: None
Maintenance Fee Incl: Exterior Electric; Grounds/ Plants; Insurance-Bldg; Real Estate Tax; Sales Tax; Trash Removal; Water
Roof: Built-Up; Steel Joist; Other
Terms Considered: Cash; Conventional; Exchange
Lease: Long Term; Subject to Lease; Triple Net
Possession: At Closing
Showing Instructions: Text Listing Agent
Contingencies: None
Costar Underwriting Report 
Floor Plan 
Listing Office: Keller Williams Realty/P B
Last Updated: December - 05 - 2025
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