$8,995,000
West Palm Beach, FL 33405
MLS# RX-11054556
2 baths
1 / 15
Property Description
Current owner purchased the warehouse in January 2019 to house a private art collection. When purchased, the warehouse was shell stripped of all power. The renovation completed a year and a half later in August 2020. Renovated to Chubb's specifications, the warehouse has a new TPO roof, 10 new quiet air HVAC units, 3 commercial dehumidifiers, (Pre Action sprinkler system), all new power (600 AMPS; 3 panels/208 each), a full building natural gas generator, Carbon monoxide detection/ventilation system and an interior loading dock. 2 ADA bathrooms and an ADA entry/exit ramp. Renovation completed August 2020. The property has 4 parking spaces in front and there is an on-going lease with FLA DOT lot (adjoining the property) about 15,000 SF with a 5-year lease at $6,500/year.
Details
Contract Information
Status: Active
Original List Price: 9995000
Auction: No
List Price: $8,995,000
Current Price: $8,995,000
Listing Date: 2025-01-21
General Property Description
Type: Industrial
For Sale: Yes
For Lease: No
Property Desc: BELVEDERE SOUTH 3 LT
Subdivision: BELVEDERE SOUTH PL 3 REPL PT OVERLOOK IN
Year Built: 1961
SqFt Source: Floor Plan
# of Stories: 1
Total Units: 1
Baths - Total: 2
Acres: 0.51
% Air Conditioned: 100
Location Tax Legal
Area: 5430
County: Palm Beach
Parcel ID: 74434333340060050
Street #: 2725
Street Name: Hillsboro
Street Suffix: Road
Zip Code: 33405
Legal Desc: BELVEDERE SOUTH 3 LTS 5, 6, 7 & N 10 FT LT 8 (LESS N 13 FT & W 16 FT RR R/W) BLK 6
Geo Lat: 26.689705
Geo Lon: -80.070139
Property Features
Use: Industrial; Other
Type of Building: Commercial; Industrial; Office Space; Office/Professional; Office/Warehouse; Special Purpose; Storage/ Warehouse; Warehouse
Sale Includes: Building Only
Avail Docs: None
Flooring: Concrete
Cooling: Central
Heating: Other
Fire Protect: Smoke Alarm; Smoke Detector; Sprinkler
Tenant Pays: Electric; Insurance; Taxes; Water
Utilities: Generator
Roof: Concrete Tile
Terms Considered: Cash; Conventional
Lease: None
Possession: At Closing
Supplements
The Lease has a 5-year option to renew with approval from FDOT.
DISCLAIMER: The written and verbal information provided including but not limited to prices, measurements, square footages, lot sizes, calculations and statistics have been obtained and conveyed from third parties such as the applicable Multiple Listing Service, public records as well as other sources. All information including that produced by the Sellers or Listing Company are subject to errors, omissions or changes without notice and should be independently verified by any prospect for the purchase of a Property. The Sellers and Listing Company expressly disclaim any warranty or representation regarding all information. Prospective purchasers' use of this or any written and verbal information is acknowledgement of this disclaimer and that Prospects shall perform their own due diligence. Prospective purchasers shall not rely on any written or verbal information provided when entering a contract for sale and purchase. Some affiliations may not be applicable to certain geographic areas. Copyright 2023 Listing Company. All Rights Reserved.
Listing Office: Douglas Elliman
Last Updated: May - 05 - 2025
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.