181 Rardin Ave - Storefront FOR SALE


Pahokee, FL 33476
$1,250,000 USD
704-886-8845
181 Rardin Ave, Pahokee, FL for Sale
$1,250,000 USD
Storefront - FOR SALE
1/14
null | Request Cap Rate

181 Rardin Ave
Pahokee, FL 33476


HIGHLIGHTS

  • Included 0.67 AC of CORE Zoned Land - 1 of 2 Grocery Stores in Pahokee
  • 2000 SF Endcap Available for Lease - Brand New Signed Lease with Executive Office Suites
  • Room to Boost NOI with 80.27% Occupancy
  • $60,000 Roof Renovation Done in 2022 - $30,000 Asphalt Renovation Done in 2023
  • Strategically Positioned Near the Center of Pahokee, just 0.3 Miles from Lake Okeechobee and the Pahokee Marina
  • Approved 60 Unit Multifamily Development, “Everglade Townhomes,” 0.32 Miles Down the Street

OVERVIEW

Pahokee Thriftway is a 26,000-square-foot, single-tenant retail property located in the heart of Pahokee, Florida. As the only full-service grocer within a 10-mile radius, the property serves as a critical retail anchor for the surrounding community. The tenant, Pahokee Thriftway, has operated successfully at this location for over 30 years and recently committed to a new 10-year lease, demonstrating their long-term stability and operational strength. Positioned on a hard corner at the intersection of State Road 715 and East Main Street, the site benefits from excellent visibility and accessibility, with over 11,000 vehicles passing daily. The location is highly trafficked and centrally situated within Palm Beach County, one of Florida’s most dynamic regions. The surrounding area has limited retail competition, further reinforcing the property’s essential role and consistent consumer demand. The asset offers immediate in-place cash flow with favorable lease terms, including scheduled rent increases and renewal options. With no deferred maintenance and recent improvements completed, the property provides a turnkey investment opportunity with minimal management requirements. Its strategic location, essential tenant, and strong market fundamentals make Pahokee Thriftway an ideal addition to any income-focused real estate portfolio.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

C1

APN/PARCEL ID

48-37-42-18-18-004-0050

ASK ABOUT THIS PROPERTY

Ryan AdamsFranklin StreetMore Info
704-886-8845

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Ryan AdamsFranklin StreetMore Info
704-886-8845

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