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2223 Palm Beach Lakes Boulevard West Palm Beach FL 33409 MLS #RX-11120696

2223 Palm Beach Lakes Boulevard
West Palm Beach, FL, 33409
$8,250,000
Beds
0 Bathrooms
SqFt
1.74 Acres
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$8,250,000
2223 Palm Beach Lakes Boulevard
West Palm Beach, FL, 33409
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Project Description

The multi-tenant retail storefront is operating with two main units. The building was completely renovated between 2017-2018, roof(2018), and new HVAC’s(2025).The first unit (Previously Rock Fitness : 16,000 SF) is vacant and we have had interest from prospective tenants at market rents. The second unit (Furniture Direct : 11,200 SF) is operating and has 3 years remaining on their initial 10 year lease (ending October 2028), which they would like to renew and are amenable to increase their rent to market value. They currently on a NNN lease with 4% annual increases, plus monthly CAM.The 1.74 AC : 76,230 SF Lot, zoned GC, has a wide range of permitted uses. Included but not limited to department store, religious centers, gyms, spas, multifamily, supermarkets, and recreational uses

Property Details

Price:
$8,250,000
MLS #:
RX-11120696
Status:
Active
Baths:
0
Type:
Commercial
Subtype:
Retail
Subdivision:
PALM BEACH LAKES COMM 3
Listed Date:
Sep 3, 2025
Lot Size:
75,794 sqft / 1.74 acres (approx)
Year Built:
1980
Palm Beach Lakes Comm 3

Schools

Interior

Cooling
Ceiling Fan, Central Individual, Electric
Flooring
Concrete
For Lease
No
Heating
Central Individual, Electric

Exterior

% Air Conditioned
100.00
Construction
Block, CBS, Concrete
Roof
Built- Up, Other, Steel Joist
Waterfront Details
None

Financial

Utilities
201+ Amp, 220, Electric, Public Sewer, Public Water, Separate Meter

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Map

Quick Information

Profitability of the Property

Net Monthly Income:
Annual Profitability of:
2223 Palm Beach Lakes Boulevard
West Palm Beach, FL