Bought with United Realty Group Inc.
$725,000
$775,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
3 Baths
3,720 SqFt
SOLD DATE : 09/03/2021
Key Details
Sold Price $725,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 3,720 sqft
Price per Sqft $194
Subdivision Freshwater 11Th & 12Th Ave Add
MLS Listing ID RX-10658783
Sold Date 09/03/21
Year Built 1950
Annual Tax Amount $1,223
Tax Year 2020
Lot Size 0.310 Acres
Property Description
***Motivated Seller! New Roof, June 2019. Tenant is a State Funded Day Care Facility. Current lease in place is Triple Net. Landlord is responsible for the structure of the building only. Tenant is responsible for everything else. The Properties have been running as a Day Care Facility since 2016. Lease ends May 31, 2021 with an additional 5-year option to renew at 3.5% annual increases. Corner lot with full commercial kitchen and outdoor green space/playground. Parking onsite and street parking. Located two blocks from Palm Beach Lakes Boulevard, in an opportunity zone with easy access to I-95 and Downtown West Palm Beach. Owner selling 1501 Division Avenue directly across the street.
Location
State FL
County Palm Beach
Area 5410
Zoning MF14(c
Interior
Heating Central, Central Individual
Cooling Central, Central Individual
Flooring Other, Tile
Fireplaces Type Smoke Alarm
Exterior
Utilities Available Electric, Public Sewer, Public Water
Roof Type Comp Shingle
Building
Story 100.00
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
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