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SimpliHOM - Making Real Estate Simple

support@simplihom.com +1(855) 856-9466

Listed by KMF Business Advisors

$ 1,700,000

Est. payment -/mo

Save

Active

Tbd S Confidential 101, 102, 103 Lake Worth Beach, FL 33460

3 Baths

511 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 511 sqft

Price per Sqft $3,326

Subdivision One Luxury Condo

MLS Listing ID RX-11138693

Year Built 2018

Annual Tax Amount $19,954

Tax Year 2024

Lot Size 3,484 Sqft

Property Sub-Type Retail

Property Description

High-yield, income-producing 3-unit commercial condo portfolio in the South Palmway / Bryant Park corridor of Lake Worth Beach, Florida.Each unit is leased to stable tenants -- a gym, cafe, and barber shop -- on active 3-year leases with annual 5 % rent increases and renewal options.Unit 101 - Gym: 1,022 SF | $4,000 / month | $6,800 annual taxUnit 102 - Cafe: 1,196 SF | $3,000 / month | $6,300 annual taxUnit 103 - Barber: 1,196 SF | $1,800 / month | $3,000 annual taxTenants' monthly payments include the $755 CAM fee (insurance, property taxes & HOA) for hands-off management and predictable cash flow.Built in 2018, the property features modern design, high ceilings, tile floors, and central A/C. Steps from Bryant Park, the Intracoastal Waterway, and

Location

State FL

County Palm Beach

Area 5600

Zoning DT--DOWNTOWN (38

Interior

Heating No Heat

Cooling Central Building

Flooring Ceramic Tile

Fireplaces Type Smoke Alarm

Exterior

Utilities Available Cable, Public Water

Roof Type Other

Building

Story 100.00

Others

Acceptable Financing Cash, Conventional, Cryptocurrency

Listing Terms Cash, Conventional, Cryptocurrency

Financing Cash,Conventional,Cryptocurrency

Nearby Locations

SCHOOLSPROPERTIES

Elementary Schools 20

7

Academy for Positive Learning

Public | KG - 8
6

North Grade Elementary School

Public | KG - 5
6

South Olive Elementary School

Public | KG - 5
5

Freedom Shores Elementary School

Public | PK - 5
5

Starlight Cove Elementary School

Public | PK - 5
5

Jfk Medical Center Charter School

Public | KG - 5
5

John I. Leonard High School

Public | PK - 12
5

C. O. Taylor-Kirklane Elementary School

Public | KG - 5
4

Highland Elementary School

Public | PK - 5
3

Lantana Elementary School

Public | PK - 5
3

Palm Springs Elementary School

Public | KG - 5
3

Palm Beach Maritime Academy

Public | KG - 9
2

South Grade Elementary School

Public | PK - 5
1

Royal Palm School

Public | PK - 12
1

Barton Elementary School

Public | PK - 5
0

Trinity Christian Academy

Private | PK - 12
0

Kentwood Preparatory School

Private | 1 - 12
0

Northern Private School

Private | PK - 2
0

Potentia Academy

Private | 5 - 12
0

Hope Learning Community of Riviera Beach

Public | KG - 5

Middle Schools 6

4

Lantana Middle School

Public | 6 - 8
4

Palm Springs Middle School

Public | 6 - 8
1

Ed Venture Charter School

Public | 8 - 12
1

Lake Worth Middle School

Public | 6 - 8
0

South Area Secondary Intensive Transition Program

Public | 6 - 12
0

Exceptional Student Program Pre-K

Public | 6 - 12

High Schools 6

6

G-Star School of the Arts

Public | 9 - 12
4

Santaluces Community High School

Public | 9 - 12
4

Forest Hill Community High School

Public | 9 - 12
2

Lake Worth High School

Public | 9 - 12
0

Dibacco School

Private | 9 - 12
0

Mavericks High School at Palm Springs

Public | 9 - 12

School and business data provided by Attom Data.

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