Excellent investment opportunity to acquire these parcels at 4382 Annette Street in West Palm Beach, Florida. The offering includes approximately 0.86 acres of vacant land and an adjoining commercial building parcel, totaling approximately 1.47 acres.
The commercial building currently generates approximately $96,000 in annual rental income. With established long-term tenants in place, the property may offer significant potential for future rental increases toward current market rates, subject to existing lease terms and applicable requirements.
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.