1128 Federal Hwy - Freestanding FOR SALE


West Palm Beach, FL 33403- Kelsey City
$950,000 USD
561-252-2502
1128 Federal Hwy, West Palm Beach, FL for Sale
$950,000 USD
Freestanding - FOR SALE
1/2
null | Request Cap Rate

1128 Federal Hwy
West Palm Beach, FL 33403
Kelsey City


HIGHLIGHTS

  • New Five Year Lease Thru August 2030
  • Zoning C1B, Neighborhood Commercial District in the FHMUDO
  • CBS Construction, 100% A/C
  • Tenant Since 2002
  • Built 1969 - 4,310 Square Feet

OVERVIEW

This property consists of a 4,300 SF CBS retail building is situated on .52 acres at the southeast corner of Kalmia Drive and Federal Highway in Lake Park, FL. It has been outfitted as a commercial kitchen and has been in continuous operation since 2002. It serves clients throughout the greater Palm Beaches. The property has excellent curb appeal and is in good condition. The parking area surrounding the building has recently been resealed and stripped and the building has been repainted. The interior is also I good condition and is the total responsibility of the tenant which has just renewed its lease for another five years through August 2030. The leased remises includes a long list of restaurant and kitchen equipment list elsewhere in this brochure. The immediate area along Federal Highway surrounding the property is a mix of businesses including a large retail auto dealer and a number of smaller retail properties. Lake Park is undergoing a renaissance. Recent developments in include the multi-story Forest Development condominium property several blocks to the south along Federal Highway. Also, a new residential development has just broken ground to the east of this property along Northlake Blvd. A broad mix of single and multi-family residential properties complete the area to the east and west of the Federal Highway retail corridor.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$261 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single Tenant Net Lease Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

CROSS STREETS

E Kalmia Dr

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

C1

APN/PARCEL ID

36-43-42-20-01-043-0260

ASK ABOUT THIS PROPERTY

Edward KearneyKearney Commercial Realty Inc.More Info
561-252-2502

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Edward KearneyKearney Commercial Realty Inc.More Info
561-252-2502

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.