1300 Old Dixie Hwy - Warehouse FOR SALE


Lake Park, FL 33403
$5,595,000 USD
786-999-4541
1300 Old Dixie Hwy, Lake Park, FL for Sale
$5,595,000 USD
Warehouse - FOR SALE
1/14
null | Request Cap Rate

1300 Old Dixie Hwy
Lake Park, FL 33403


HIGHLIGHTS

  • • +/- 18,727 SF Premiere Warehouse Industrial Property in Exclusive Lake Park Submarket of West Palm Beach, FL
  • • Multi-Bay Warehouse Offering with Short Term Leases Providing Flexibility for End User to Occupy up to 9,900 SF with Income and Future Expansion.
  • • Exceptional 3.47/1,000 SF Parking Ratio and C-4 Zoning to Accommodate Business Uses.
  • • Direct frontage along Old Dixie Highway with Highly Visible Signage and Access through Multiple Sides
  • • Highly functional buildout with ten grade-level doors and 17’ clear heights throughout, accommodating a variety of industrial needs.
  • • Convenient accessibility within a mile from I-95 along with Steady market fundamentals reflecting a consistently low vacancy rate and growing rents

OVERVIEW

CBRE, Inc. is pleased to present “Northlake Business Park”, a +/- 18,727 square foot premier industrial property located at 1300 Old Dixie Highway in Lake Park, Florida. Positioned along a major corridor with easy connectivity to Interstate 95 and all South Florida, this distinctive property offers an exceptional opportunity for an end-user or investor seeking a high-profile location. Situated on 1.26 acres, the property features a best-in-class parking count, along with ten grade-level doors and 17-foot clear heights and excess yard space making it highly functional for a variety of different users. Three street facing units are currently vacant, offering approximately 9,900 square feet in total with signage along Old Dixie Highway. The balance of the space is leased on a short-term basis offering significant income and flexibility for future use. The property is zoned C-4, allowing a wide range of commercial uses, including warehousing and industrial uses, general retail, service businesses, and office use. This versatility makes it an attractive option for businesses or investors looking to minimize risk and maximize future leasing opportunities. The Lake Park submarket currently has a vacancy rate of 5.1%, indicating strong demand for industrial space. With no nearby projects under construction, the market for industrial space is expected to remain tight. 1300 Old Dixie Highway presents a rare opportunity to occupy a highly sought-after property with direct frontage along Old Dixie Highway, a major North/South thoroughfare in Palm Beach County.

FOR SALE DETAILS

PRICE

$5,595,000 USD

PRICE/SF

$299 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Northlake Business Park

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

UTILITIES

-

CLEAR CEILING HT

17 Ft

DOCKS

-

DRIVE INS

10

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.26

LAND SF

54,886

ZONING

C-4

APN/PARCEL ID

36-43-42-20-09-000-0991

ASK ABOUT THIS PROPERTY

786-999-4541

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786-999-4541

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