4458 Purdy Ln, West Palm Beach, FL 33406
2 Retail Properties Offered at $11,800,000 in West Palm Beach, FL
For Sale
Active
10 pictures
Asking Price $11,800,000
- Property Type
-
Retail
- Square Feet
- 13,806 SF
Listing Contacts
Scott Steel Ginsberg
- Property Info
Property Overview
Commercial portfolio of 2 buildings next to each other on the corner of Military Trl. and Purdy Ln. For Sale. 100% tenant occupied. Located in West Palm Beach, Fl. 90+ parking spaces. Please see the attached for surveys, If interested, I can send over additional photos and financials. includes the 14,600 sq. ft. (2) buildings. Zoned on Unincorporated Lots. Both Buildings produce great income and have ample parking spaces. The second property located only steps away holds a diversity of businesses that generate good income as well, One lease is in place, and the rest of the tenants are month-to-month. The Businesses located here have been in operation for many years. Properties are centrally located. high-traffic area with many customers. Club and business income included in purchase. Please inquire about financials.
Parcel 1: Has single tenant - 4548 Purdy Lane, West Palm Beach, 33406
Built in 1971, New Upgrades include Roofs, New A/C's.
Parcel 2: Commercial Retail multi-tenant - 2298 S Military Trl. West Palm Beach, FL 33415
(Only the liquor store has a formal lease, the other tenants are willing to leave or sign a lease. They are on Month to Month but have been there a long time.).
- Liquor Store Lease: $4k/Monthly
- Psychic Tarot Reader: $3k/Monthly
- Barber Shop: $2400/Monthly
- Upstairs Apartment: $1800/Monthly
- Billboard: $835/Monthly
- Food truck income $700/Monthly
Parcel1: $20,000/Monthly
INCOME
Annual Income from Tenant: $240,000. Address: 4548 Purdy Lane, West Palm Beach, 33406
Annual Income from Tenant: $152,830. Address: 2298 S Military Trl. West Palm Beach, FL 33415
Total Combined Annual Income: $392,820 from Rents.
EXPENSES
Property maintenance $3,000
Property taxes $4,409
Property insurance 3,741
Water bill $2,962
Dumpster pickup $3,318
TOTAL ANUAL EXPENSES $27,430
INCOME MINUS EXPENSES
TOTAL NOI $365,390
Parcel 1: Has single tenant - 4548 Purdy Lane, West Palm Beach, 33406
Built in 1971, New Upgrades include Roofs, New A/C's.
Parcel 2: Commercial Retail multi-tenant - 2298 S Military Trl. West Palm Beach, FL 33415
(Only the liquor store has a formal lease, the other tenants are willing to leave or sign a lease. They are on Month to Month but have been there a long time.).
- Liquor Store Lease: $4k/Monthly
- Psychic Tarot Reader: $3k/Monthly
- Barber Shop: $2400/Monthly
- Upstairs Apartment: $1800/Monthly
- Billboard: $835/Monthly
- Food truck income $700/Monthly
Parcel1: $20,000/Monthly
INCOME
Annual Income from Tenant: $240,000. Address: 4548 Purdy Lane, West Palm Beach, 33406
Annual Income from Tenant: $152,830. Address: 2298 S Military Trl. West Palm Beach, FL 33415
Total Combined Annual Income: $392,820 from Rents.
EXPENSES
Property maintenance $3,000
Property taxes $4,409
Property insurance 3,741
Water bill $2,962
Dumpster pickup $3,318
TOTAL ANUAL EXPENSES $27,430
INCOME MINUS EXPENSES
TOTAL NOI $365,390
Highlights
- Commercial portfolio of 2 buildings next to each other on the corner of Military Trl. and Purdy Ln, both 100% tenant occupied.
- Both buildings produce great income and have ample parking spaces.
- Properties are centrally located, guaranteeing lots of traffic for visibility.
All available spaces
- Space
- Size
- 7,538 SF
- Space Subtype
- Retail
- Space
- Size
- 6,268 SF
- Space Subtype
- Retail
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