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Listed by KMF Business Advisors
$1,700,000
Est. payment /mo
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
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