Two Commercial Properties Retail FOR SALE


Palm Springs, FL
$2,300,000 USD
954-369-2866
, Palm Springs, FL for Sale
$2,300,000 USD
Retail - FOR SALE
1/5
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Two Commercial Properties
Palm Springs, FL


HIGHLIGHTS

  • Two contiguous parcels totaling over 0.80 acres on a prime corner
  • Fully built-out restaurant leased to established operator
  • Vacant freestanding building with vent system for flexible uses
  • Strong traffic counts and excellent visibility along 10th Avenue North
  • Opportunity to increase rents and achieve 9–10% return

OVERVIEW

This Palm Springs portfolio combines stability and flexibility for investors seeking cash flow and value-add potential.3801 10th Ave N, Lake Worth, FL 33461 and 3236 Reo Lane, Palm Springs, FL 33461 a two-building, two-parcel investment situated on 0.37 acres and .4313 acres total .8013 acres with prime frontage on 10th Ave N in Palm Beach County, consists of: - A 3,400 SF freestanding restaurant currently leased to Una Mas Bar & Grill with a 5-year lease and a 5-year option. Tenant pays $16,000/month ($192,000/year). - A 1,700 SF freestanding building included in the sale, ideal for additional rental income or owner-user use. Buyers may continue the existing lease for immediate cash flow or the seller will buy out the lease to deliver both buildings vacant. Building 1: Restaurant (3,400 SF). Building 2 is 1852 sq-ft with offices currently not occupied. Building 2 at one time was used as a catering location with a vent system. Tenant: Una Mas Bar & Grill Size: 3,400 SF freestanding restaurant Lease Term: 5 years + 5-year option Rent: $16,000/month ($192,000/year) Features: Fully built-out restaurant with equipment included Status: Long-term operator with established business. Building 2: Retail / Flex (1,700 SF) Size: 1,700 SF freestanding building Status: Included in sale, delivered vacant Potential Uses: Retail, office, medical, restaurant, or storage Rental Upside: Market rent estimated $20–25/SF NNN (~$34,000–$42,500 annually) Flexibility: Owner-user space OR additional rental income. Two parcels and two buildings being sold together. Includes restaurant equipment. Tenant long term tenant operating restaurant and has a long-term lease. Property can be purchases with or without tenants, as seller will buy out or exercise cancellation of lease for the right buyer. Rents can be increased to obtain a 9% or 10% return with new tenants. This offering is ideal for investors, developers, or owner-users seeking a prime Palm Beach County location with multiple exit strategies and significant upside.

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Delcho OgorelkoffBeachfront Realty, IncMore Info
954-369-2866

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Delcho OgorelkoffBeachfront Realty, IncMore Info
954-369-2866

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