2561 Forest Hill Boulevard N

    West Palm Beach, FL 33406
    • $1,649,000
    • STATUS: Active
    • ON SITE: 122 days
    • MLS #: RX-10596574
    Price Reduced
    UPDATED: 51 min ago
    $1,649,000
    • 0
      BEDS
    • 1.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,240
      SQFT
    • $389
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1961
    County:

    School Ratings & Info

    Description

    Fully occupied 4,240 sqft retail strip center located directly on Forest Hill Blvd. With high visibility signage and long term tenants in place, this makes for a sound commercial real estate investment at a 6.5% CAP Rate. All tenants are successfully operating as a liquor store, dry cleaners, and insurance company. All 3 units could eventually be subdivided into 6 individual units. Daily traffic counts of over 35,000. Call Us Today to learn more about this excellent investment opportunity with an immediate six figure income.

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    All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2020 BeachesMLS, Inc.
    IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2020-06-01T22:07:36.173.
    www.thepaizgroup.com/homes/102751144

    2561 Forest Hill Boulevard N West Palm Beach, FL 33406

    • Price: $1,649,000
    • Status: Active
    • Updated: 51 min ago
    • MLS #: RX-10596574
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.25
    Acres
    4,240
    SQFT
    $389
    $/SQFT
    1961
    Built
    Neighborhood:
    Meadow Park 2
    County:
    Palm Beach
    Area:
    West Palm Beach
    Property Description
    Fully occupied 4,240 sqft retail strip center located directly on Forest Hill Blvd. With high visibility signage and long term tenants in place, this makes for a sound commercial real estate investment at a 6.5% CAP Rate. All tenants are successfully operating as a liquor store, dry cleaners, and insurance company. All 3 units could eventually be subdivided into 6 individual units. Daily traffic counts of over 35,000. Call Us Today to learn more about this excellent investment opportunity with an immediate six figure income.
    Exterior Features

    Construction Concrete Roof Other Waterfront YN No

    Interior Features

    Bath Toilets 0.00 Cooling Central Building Flooring Other Heating Central Percent Air Conditioned 100.00

    Property Features

    Available Docs Enviro. Audit-Ph1 Available Info Environmental StudyInvestment Analysis Fire Protection Smoke AlarmSmoke Detector For Lease No For Sale Yes Lease None List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Monetary Info Gross Oper Income 135000.00 Monetary Info Net Oper Income 111112.00 Possession At Closing Sale Includes Building And Land Tax Amount Real Estate Taxes 10234.30 Tax Year 2019 Tenant Pays Common Area Maint.ElectricTaxesWater Tenants 3 Terms Considered CashConventionalExchangeOther Type Of Building Office/RetailShopping CenterStrip Store Use IncomeMixedRetail Utilities Public Water

    Listing provided courtesy of Heavenly Hands Realty, Llc. Listing information © 2020 BeachesMLS


    All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2020 BeachesMLS, Inc.
    IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2020-06-01T22:07:36.173.
     
    The Paiz Group | EWM Realty International
    1700 East Las Olas Boulevard Suite 103
    Fort Lauderdale FL, 33301