362-364 S Main St - Storefront Retail/Office FOR SALE


Belle Glade, FL 33430
$3,000,000 USD
423-557-4310
362-364 S Main St, Belle Glade, FL for Sale
$3,000,000 USD
Storefront Retail/Office - FOR SALE
1/23
null | 6% Cap Rate

362-364 S Main St
Belle Glade, FL 33430


HIGHLIGHTS

  • 100% leased to five strong national tenants, generating approximately $175,000 in annual rental income with room for future growth.
  • High-visibility corner location on South Main Street, positioned along one of Belle Glade's primary commercial corridors.
  • Four additional parcels included in the sale, offering long-term flexibility and potential for future development, expansion, or additional commercial

OVERVIEW

Rare opportunity to acquire a fully leased neighborhood shopping plaza in Palm Beach County with additional land for future expansion or development. The property consists of approximately 10,090 square feet of retail and service space situated on just under one acre, plus four additional parcels offering approximately 0.80 acres of added land. The plaza is currently 100% occupied by five tenants, including nationally recognized Quest Diagnostics and Boost Mobile, providing immediate in-place income with a diversified tenant mix. Positioned on a prominent corner along a major commercial corridor, the property benefits from strong visibility, convenient access, and B-2 commercial high-density zoning. Recent capital improvements include a roof and HVAC systems replaced within the past three years, helping reduce near-term capital expenditure requirements for a new owner. What sets this opportunity apart is its combination of stabilized income and future upside. This is not simply a traditional cap-rate acquisition. The four additional parcels create opportunities for future development, expansion of the existing center, additional retail or service uses, or longer-term land appreciation, subject to applicable approvals. Investment Highlights: • 10,090 SF shopping plaza • Approximately 0.95-acre primary site • Four additional parcels totaling approximately 0.80 acres • 100% leased to five tenants • Tenant roster includes Quest Diagnostics and Boost Mobile • Corner location with strong visibility • B-2 commercial high-density zoning • Roof and HVAC replaced within the past three years • Immediate in-place cash flow • Additional development and expansion potential • Palm Beach County location An attractive opportunity for retail investors, private capital, 1031 exchange buyers, and groups seeking both stabilized income and a value-add component within Palm Beach County. Jamie Bederak Jamie.Bederak@TheAgencyRE.com 423-557-4310

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$297 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

B2

APN/PARCEL ID

04-37-43-31-08-000-0650

ASK ABOUT THIS PROPERTY

Jamie BederakThe AgencyMore Info
423-557-4310

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Jamie BederakThe AgencyMore Info
423-557-4310

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