$ 750,000
-
$750,000
Price -
0
Bed -
0
Bath -
4,146
SqFt
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About the Listing 607508 - 276719516,276719516
Excellent value-add investment opportunity in Riviera Beach! This 4,146 SF neighborhood retail center consists of five approximately 860 SF units on a 0.31-acre parcel with DG zoning. Currently 80% occupied with four established tenants and one vacant unit, offering immediate upside through lease-up. Existing tenants are on Modified Gross leases with 5% annual rent increases and reimbursement provisions for utilities and operating expense increases. The property has recently undergone exterior improvements, including a fresh building repaint and newly re-striped parking lot, enhancing curb appeal and reducing near-term capital needs. Current gross income exceeds $64,000 annually with the potential to increase significantly by leasing the remaining vacancy. Long-term leases provide stable.. Long-term leases provide stable cash flow while contractual rent escalations drive future NOI growth. Conveniently located near major thoroughfares, residential neighborhoods, and ongoing redevelopment throughout Riviera Beach. Ideal opportunity for investors seeking in-place income with clear value-add potential.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air,Ceiling Fan(s)
- Heating: Central
- Fireplaces:
- Floor: Ceramic Tile,Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner Lot,1/4 to 1/2 Acre Lot
- Garage Capacity: N/A
- Parking Spaces: 20
- Zoning: CG (city)
- Roof: Built-Up,Flat
- Others:
- Sewer: Public Sewer
- Parking Features: Common,Free Parking
Financial Details
- Tax Amount: $7,511
- Taxes w/Assessments: N/A
- Tax/Property ID: 56434233040060130
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
1620 Ave E West Palm Beach, FL
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