Income-producing mixed-use commercial property available in the heart of Belle Glade's established business district. Located at 201 SW Avenue B and 116 SW 2nd Street, this offering presents an opportunity to acquire a multi-tenant retail and restaurant property with existing cash flow and upside through lease stabilization.
The property consists of approximately 4,630 square feet and includes retail, office, and restaurant uses. Currently, the retail space at 201 SW Avenue B is leased at $1,100 per month, while the restaurant space at 116 SW 2nd Street is leased at $799 per month. The adjacent retail space at 205 SW Avenue B is currently vacant and offers immediate leasing potential with projected rental income of approximately $1,100 per month, creating additional upside for investors.
Tenants are currently operating on month-to-month lease agreements, providing flexibility for a new owner to adjust rents, renegotiate lease terms, or reposition the property to maximize value. The property's central location within Belle Glade's commercial corridor offers convenient access for customers and businesses while serving the surrounding residential population.
This is an attractive opportunity for investors seeking a value-add commercial asset with existing income, leasing upside, and a diversified tenant mix in western Palm Beach County.