1530-1550 SW 8th St - Retail FOR SALE


Boynton Beach, FL 33426- Outer Boynton Beach
$3,900,000 USD
561-707-5120
1530-1550 SW 8th St, Boynton Beach, FL for Sale
$3,900,000 USD
Retail - FOR SALE
1/23
null | Request Cap Rate

1530-1550 SW 8th St
Boynton Beach, FL 33426
Outer Boynton Beach


HIGHLIGHTS

  • A fully built-out, assembly-approved ballroom and event venue with high-capacity infrastructure, specialty flooring, and conditional nightclub zoning
  • Convenient Location Directly off of the I-95 & Woolbright Interchange
  • Dynamic Location Surrounded by High Profile Retailers & Strong Residential Market
  • Recent Full Renovation
  • Potential Uses Include Event Space/Night Club/Dance/Health Club

OVERVIEW

This is a one-of-a-kind property located just west of I-95 off of Woobright Road. Located adjacent to Staples and in the same commercial development as Home Depot, Restaurant Depot, NTS Gymnastics, Burger King, Dunkin Donuts, Advanced Auto Parts, and more high-profile retailers. Stunning Interior Build Out - Key Features: This is a one-of-a-kind property located just west of I-95 off of major East/West artery Woobright Road. Located adjacent to Staples and in the same commercial development as Home Depot, Restaurant Depot, NTS Gymnastics, Burger King, Dunkin Donuts, Advanced Auto Parts, and more high-profile retailers. The Subject property has just completed a total renovation for the current use as an event space/dance studio. The sale includes the current event business with all of the amenities! The current business hosts weddings, bridal showers, baby showers, quinceañera/sweet 16 parties, Bar Mitzvahs & Bat Mitzvahs, corporate events, and more! Stunning Interior Build Out - Key Features: • 3,200 SF solid maple floating dance floor in the main ballroom. Largest known of its kind in Palm Beach County. Professional-grade installation designed for high-volume use and performance • Assembly Hall (A2/A3) compliance with 280-person occupancy. A3 refers to assembly uses for worship, recreation, or amusement, such as churches, libraries, or community halls. (Meets A2 standards. A-2 occupancy refers to building spaces used for food and drink consumption, such as restaurants, banquet halls, and nightclubs. According to the 2021 International Building Code (IBC). Two expanded restrooms were built to meet code. Infrastructure is already in place for large public and private events • Conditional nightclub zoning approval Allows for expanded use including late-night and entertainment-driven concepts (subject to licensing). • Central interior corridor (design focal point) Connects the ballroom to the office, restrooms, and prep kitchen. Finished with harlequin marble flooring, all raised to be level with the floating dance floor. • 10’ antique solid mahogany gothic doors (refinished) Installed within the interior of the space as a custom architectural feature • Private office suite with full bathroom and shower • Prep kitchen - Supports catering and event operations • Abundant on-site parking within the plaza • New Professional Lighting System • New Electrical 75 KVA – 200 AMPS • Business & Operational Assets o Established venue with active brand recognition. Known within the local and regional dance community. Consistent attendance for weekly programming o Built-in customer base. Active dance clientele already attending weekly events. Repeat customers and community-driven participation o Email list of ~8,000 contacts. Direct marketing channel for events, classes, and private bookings. Immediate ability to generate traffic and revenue o Existing weekly revenue structure. Ongoing social dance nights and programming already in place. Provides a baseline of recurring income o Private events already on the books. Future revenue transfers with sale.Immediate cash flow continuity for new ownership o Vendor and entertainment network included. Access to established relationships with bands, DJs, and event partners. Existing contracts and programming formats available o Operational systems in place. Event flow, scheduling structure, and programming model already proven. Ability to step in and operate without rebuilding processes o Furniture, Fixtures & Equipment (FF&E) o Tables and chairs for up to ~140 guests included o Inventory of tablecloths, linens, and event décor o Operational office setup and equipment o Event-ready infrastructure is already in place

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$667 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

SHOPPES OF WOOLBRIGHT

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bar, Restaurant, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

PCD

APN/PARCEL ID

08-43-45-29-32-000-0030

ASK ABOUT THIS PROPERTY

Christopher FlemingStrategic Realty Services, LLCMore Info
561-707-5120

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Christopher FlemingStrategic Realty Services, LLCMore Info
561-707-5120

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