5601 Okeechobee Blvd - Freestanding FOR SALE


West Palm Beach, FL 33417
$2,425,000 USD
561-558-7695
5601 Okeechobee Blvd, West Palm Beach, FL for Sale
$2,425,000 USD
Freestanding - FOR SALE
1/3
null | 5.76% Cap Rate

5601 Okeechobee Blvd
West Palm Beach, FL 33417


HIGHLIGHTS

  • ±68,000 VPD on Okeechobee Blvd with exceptional visibility and frontage.
  • Two tenants in place since 2011, demonstrating strong commitment to the location.
  • Below-market rents supporting tenant retention and long-term upside potential.
  • Real estate taxes, insurance, and interior maintenance passed through to tenants.
  • Convenient access to Florida Turnpike, I-95, and Downtown West Palm Beach.
  • Florida has no state individual income tax, supporting investment growth.

OVERVIEW

Two Tenants Since 2011 — 68,000 VPD on West Palm Beach's Premier Retail Corridor Investment highlights • High-Traffic Location: Positioned along Okeechobee Boulevard with exposure to approximately 68,000 vehicles per day, providing exceptional visibility. • Premier Retail Corridor: Located along one of West Palm Beach’s primary commercial corridors with convenient access to the Florida Turnpike, I-95, and Downtown West Palm Beach. • Long-Term Tenancy: Two established tenants have occupied the property since 2011, demonstrating strong commitment to the location. • Below-Market Rents: The property benefits from below-market rental rates, supporting tenant retention while providing potential long-term upside. • Oversized 1.4-Acre Parcel: Situated on approximately 1.4 acres along Okeechobee Boulevard. • Minimal Landlord Responsibilities: Real estate taxes, insurance, and interior maintenance are passed through to the tenants. • Favorable Florida Tax Environment: Florida has no state individual income tax, supporting continued population, business, and investment growth.

FOR SALE DETAILS

PRICE

$2,425,000 USD

PRICE/SF

$485 USD /SF

CAP RATE

5.76%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5601 Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

CG

APN/PARCEL ID

00-42-43-23-42-003-0000

ASK ABOUT THIS PROPERTY

Grant SteinbergMatthews Real Estate Investment ServicesMore Info
561-558-7695

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Grant SteinbergMatthews Real Estate Investment ServicesMore Info
561-558-7695

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