Address: 2223 Palm Beach Lakes Boulevard, West Palm Beach, FL 33409
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
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
Features
Building and Construction
Absolute Longitude: 80.097321
Ceiling: Suspended, Height Varies, Exposed
Construction: Block, Concrete, CBS
Flooring: Concrete
Roof: Other, Steel Joist, Built-Up
Sqft Source: Tax Rolls
Total Building Sqft: 27200.00
Type Of Building: Commercial, Retail, Free Standing
Property Information
Property Condition: Resale
Property Desc: Multi-Tenant
Property Group Id: 19990816212135227274000000
Eco-Communities
Waterfront Details: None
Utilities
Air Conditioned: 100.00
Cooling: Ceiling Fan, Electric, Central Individual
Fire Protect: Smoke Alarm, Sprinkler
Heating: Central Individual, Electric
Num Of Stories: 1.0
Utilities: Electric, Separate Meter, 220, 201+ Amp, Public Water, Public Sewer
Finance and Tax Information
Tax Year: 2024
Rental Information
Tenant Pays: Common Area Maint., Insurance, Taxes
Other Features
Avail Docs: Survey, Previous Title
Avail Info: Copies of Lease, Photos
Country: United States
Legal Desc: PALM BEACH COMMERCIAL PL 3 LTS 3 & 4
Location: Central Business Dst, Investment, City, County
Miscellaneous 1: Landscaped, Sprinkler Water
Miscellaneous 2: Rear Access, Traffic Heavy, Showroom, Separate Office Area
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