Palm Beach Predefined Commercial Types
701 Northlake 101,
North Palm Beach, Florida 33408 $3,300,000
|Sq.Ft: 9,537||PSF: $346.02||Type: Commercial/Investment|
This is a fantastic opportunity to own a waterfront building zoned for medical. This building is broken into 4 suites, two on the bottom and two on the top. The top share a common reception area. Fully rented out. There is an elevator. The waterfront back, has 3 huge slips. Two with lifts. All slips are rented. The seawall is huge and maintained by FDOT. Plenty of parking.
618 Us Highway 1 ,
North Palm Beach, Florida 33408 $2,890,000
|Sq.Ft: 23,200||PSF: $124.57||Type: Commercial/Investment|
Huge add-value opportunity. Owner occupies 3,528SF of space on 1st floor. Property was not being managed & marketed for lease...owners were working on other projects and their focus was not managing office space. The vacant space needs minimal build-out such as carpet, drywall, baseboards, paint, drop ceiling. 23,200sf building, 51% Occupied, Ample Parking - 65 spaces, Masonry Construction, Great Signage Visibility, High-Traffic Area, Commercial Zoning, Waterfront Property with Water Views. Current gross income is roughly $170,000 at a ~51% occupancy rate. Proforma income with a 15% vacancy projection is $375,000+/year. Bldg owners occupied space was remodeled. Minimum avg mkt rent ~$18 to ~$19/SF @ 1-3 yr leases. Purchase furnished or unfurnished; new or like-new condition. DISCLAIMER:...