2422 N Military Trl - Warehouse FOR SALE


West Palm Beach, FL 33409
$4,800,000 USD
561-577-0799
2422 N Military Trl, West Palm Beach, FL for Sale
$4,800,000 USD
Warehouse - FOR SALE
1/51
null | Request Cap Rate

2422 N Military Trl
West Palm Beach, FL 33409


OVERVIEW

Excellent opportunity to acquire an income-producing commercial/industrial property located at 2422 N Military Trail in West Palm Beach, Florida. Situated on approximately 0.61 acre, the property features an approximately 4,950-square-foot building consisting of warehouse/service space and a dedicated office and showroom area. Positioned along the heavily traveled N Military Trail corridor, the property offers excellent visibility, prominent signage exposure, convenient access, and ample on-site parking. The versatile layout is well suited for an investor, owner-user, business operator, automotive-related business, warehouse operation, or future redevelopment project, subject to existing leases, zoning, and governmental approvals. Two established long-term tenants currently generate approximately $96,000 in annual rental income, providing immediate cash flow for an investor. The property also offers potential rental-income growth, with projected market rents of up to $5,500 per month per tenant, which could increase gross annual income to approximately $132,000, subject to lease terms and market conditions. This is a unique opportunity to acquire a highly visible commercial/industrial property with stable tenants, income-growth potential, and long-term investment value in the West Palm Beach market. The adjoining vacant parcel includes a cell phone tower that generates an additional approximately $72,000 per year. The balance of the land remains vacant, providing potential opportunities for expansion, additional parking, storage, future construction, or redevelopment, subject to zoning, tower lease restrictions, easements, and governmental approvals. Together, the building and cell tower generate approximately $168,000 in total annual income, offering investors immediate cash flow with multiple opportunities for long-term growth and value enhancement. Conveniently located along the established N Military Trail corridor near major roadways, businesses, shopping, residential communities, and other local amenities. Contact Dwayne Barrett today for additional information or to schedule a private property tour.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$970 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Auto Dealership, Auto Repair, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

UTILITIES

Water, Sewer

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.63

LAND SF

27,443

ZONING

CG

APN/PARCEL ID

00-42-43-24-10-000-0260

ASK ABOUT THIS PROPERTY

Dwayne BarrettIbero Property Management & Real Estate ServicesMore Info
561-577-0799

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Dwayne BarrettIbero Property Management & Real Estate ServicesMore Info
561-577-0799

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