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