Retail For Sale

2223 Palm Beach Lakes Boulevard, West Palm Beach, FL 33409

$8,750,000
Property 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

Basic Details
Listing Type : For Sale
Price : $8,750,000
Property Sub Type : Retail
Features
: Electric, Central Air, Ceiling Fan(s)
Public Sewer
Central, Electric
Concrete
Fire Sprinkler System,Smoke Detector(s)
Built-Up,Other,Steel Trusses
Location
US
FL
Palm Beach
West Palm Beach
33409
Located on the north side of Palm Beach Lakes Boulevard just West of I-95 before Okeechobee Boulevard. Directly next door to Park Avenue Grill and across the street from Twin Peaks.
5410
2223 Palm Beach Lakes Boulevard, West Palm Beach, Florida 33409
Extended Details
Virtual Tour URL
PALM BEACH LAKES COMM 3
09.01.2025
Block
Cash,Conventional,1031 Exchange
Electricity Available,Sewer Available,Water Available
Central Business District,City Lot,Rural Lot
GC(cit
2024
Close Of Escrow
$0
Keller Williams Realty/P B
Tom Sinner
Electricity,Insurance,Maintenance Grounds,Trash,Water
200+ Amp Service,Separate Meters,220 Volts
One
Active
2025-09-01
2025-09-03T00:00:00Z
1
78788.0
https://www.propertypanorama.com/2223-Palm-Beach-Lakes-Boulevard-West-Palm-Beach-FL-33409/unbranded
Public
FTL
Property TypeRetail
StatusActive
Listing IDR11120696
Year Built1980
Mortgage Calculator
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Realtyna

Nadereh (Nana) Rezaie, P.A.  Broker Associate, Certified Luxury Home Marketing Specialist™ GUILD™

Nana Rezaie 561-660-1948

Office: 561-660-1948 1400 Corporate Center Way, Second Floor, Wellington, FL 33414 Each office independently owned and operated 561-472-1236 .

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