1620 Avenue ,Retail en Venta & Alquilar

1620 Avenue en Venta & Alquilar

Precio $750,000.00

• Tamaño de lote 4146
• Año de construcción 1966
• Frente al agua
• Zip 33404
• Estilo
• Parking Descripción Free Parking, Shared Parking
• Piscina Yes
• Estado Active

Descripción

Excellent value-add investment opportunity in Riviera Beach! This 4,146 SF neighborhood retail center consists of five approximately 860 SF units on a 0.31-acre parcel with DG zoning. Currently 80% occupied with four established tenants and one vacant unit, offering immediate upside through lease-up. Existing tenants are on Modified Gross leases with 5% annual rent increases and reimbursement provisions for utilities and operating expense increases. The property has recently undergone exterior improvements, including a fresh building repaint and newly re-striped parking lot, enhancing curb appeal and reducing near-term capital needs. Current gross income exceeds $64,000 annually with the potential to increase significantly by leasing the remaining vacancy. Long-term leases provide stable.. Long-term leases provide stable cash flow while contractual rent escalations drive future NOI growth. Conveniently located near major thoroughfares, residential neighborhoods, and ongoing redevelopment throughout Riviera Beach. Ideal opportunity for investors seeking in-place income with clear value-add potential.

INLET GROVE LTS 13 & 14 BLK 6

1/4 To Less Than 1/2 Acre Lot, Corner Lot, Less Than 1 Acre, West Of US 1, Sidewalk

Excellent value-add investment opportunity in Riviera Beach! This 4,146 SF neighborhood retail center consists of five approximately 860 SF units on a 0.31-acre parcel with DG zoning. Currently 80% occupied with four established tenants and one vacant unit, offering immediate upside through lease-up. Existing tenants are on Modified Gross leases with 5% annual rent increases and reimbursement provisions for utilities and operating expense increases. The property has recently undergone exterior improvements, including a fresh building repaint and newly re-striped parking lot, enhancing curb appeal and reducing near-term capital needs. Current gross income exceeds $64,000 annually with the potential to increase significantly by leasing the remaining vacancy. Long-term leases provide stable.. Long-term leases provide stable cash flow while contractual rent escalations drive future NOI growth. Conveniently located near major thoroughfares, residential neighborhoods, and ongoing redevelopment throughout Riviera Beach. Ideal opportunity for investors seeking in-place income with clear value-add potential.

City:West Palm Beach,Roof:1:Flat Tile,2:Flat Roof With Facade Front,Sewer:1:Public Sewer,2:Other,3:Public Sanitation,4:Sewer,Zoning:CG (city),Cooling:1:Central Air,Country:United States,List A O R:BeachesMLS,Stories:1,Tax Year:2025,Electric:1:Separate Meters,Latitude:26.7712632,Cooling Y N:1,Heating Y N:1,List Price:750000,Listing Id:B26045046,Longitude:-80.0702555,Mls Status:Active,Ownership:Corporation,Utilities:1:Electricity Connected,2:Sewer Connected,3:Water Connected,4:Cable Available,5:Electricity Available,6:Sewer Available,7:Water Available,Year Built:1966,Directions:Heading South on Broadway from Blue Heron Blvd. Make a right on W 17th Street heading west. Property is on your left, on the corner of Ave E and W 17th.,Inclusions:Building Only, Business And Building,Possession:1:Long Closing Preferred,2:Negotiable,Postal Code:33404,Street Name:Avenue,Tenant Pays:1:Inside Insurance,2:Interior Maintenance,3:Real Estate Tax,Coordinates:1:26.7712632,Lot Features:1:Corner Lot,2:Less Than 1 Acre,3:West Of US 1,4:Sidewalk,Photos Count:3,Business Type:1:Retail Space,2:Education/School,Leasable Area:4146,Listing Terms:1:Conventional,Lot Size Acres:0.31,Lot Size Units:Square Feet,M I A M I R E_ Area:7070,On Market Date:2026-06-24,Parcel Number:56434233040060130,Parking Total:20,Property Type:Commercial Sale,Stories Total:1,Street Number:1620,Ownership Type:Corporation,Public Remarks:Excellent value-add investment opportunity in Riviera Beach! This 4,146 SF neighborhood retail center consists of five approximately 860 SF units on a 0.31-acre parcel with DG zoning. Currently 80% occupied with four established tenants and one vacant unit, offering immediate upside through lease-up. Existing tenants are on Modified Gross leases with 5% annual rent increases and reimbursement provisions for utilities and operating expense increases. The property has recently undergone exterior improvements, including a fresh building repaint and newly re-striped parking lot, enhancing curb appeal and reducing near-term capital needs. Current gross income exceeds $64,000 annually with the potential to increase significantly by leasing the remaining vacancy. Long-term leases provide stable.. Long-term leases provide stable cash flow while contractual rent escalations drive future NOI growth. Conveniently located near major thoroughfares, residential neighborhoods, and ongoing redevelopment throughout Riviera Beach. Ideal opportunity for investors seeking in-place income with clear value-add potential.,Structure Type:1:Retail,2:Store/Warehouse Combination,County Or Parish:Palm Beach County,Documents Count:2,Expiration Date:2026-12-31,List Office Name:Keller Williams Realty/P B,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Parking Features:1:Shared Parking,Postal Code Plus4:6164,Property Sub Type:Retail,Road Surface Type:1:Paved,State Or Province:FL,Street Dir Suffix:E,Tax Annual Amount:7510,Unparsed Address:1620 Avenue E, West Palm Beach FL 33404,Building Features:1:Medium Traffic,Exterior Features:1:None,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Road Frontage Type:1:City/County Maintained,2:Paved Road,3:City,4:U.S. Hwy,Security Features:1:Smoke Detector(s),2:Fire Alarm,3:Smoke Detector,4:Security Lights,Year Built Details:Resale,Building Area Total:4146,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Num Floors:1,Number Of Buildings:1,Original List Price:750000,Documents Available:1:Owner Managed,I D X Participation Y N:1,Number Of Units Total:5,Syndication Remarks:Excellent value-add investment opportunity in Riviera Beach! This 4,146 SF neighborhood retail center consists of five approximately 860 SF units on a 0.31-acre parcel with DG zoning. Currently 80% occupied with four established tenants and one vacant unit, offering immediate upside through lease-up. Existing tenants are on Modified Gross leases with 5% annual rent increases and reimbursement provisions for utilities and operating expense increases. The property has recently undergone exterior improvements, including a fresh building repaint and newly re-striped parking lot, enhancing curb appeal and reducing near-term capital needs. Current gross income exceeds $64,000 annually with the potential to increase significantly by leasing the remaining vacancy. Long-term leases provide stable.. Long-term leases provide stable cash flow while contractual rent escalations drive future NOI growth. Conveniently located near major thoroughfares, residential neighborhoods, and ongoing redevelopment throughout Riviera Beach. Ideal opportunity for investors seeking in-place income with clear value-add potential.,Listing Contract Date:2026-06-24,Originating System I D:miamire,Showing Instructions:Go Directly,Lockbox-No Appointment,Street Number Numeric:1620,Tax Legal Description:INLET GROVE LTS 13 & 14 BLK 6,Electric On Property Y N:1,M I A M I R E_ Current Price:750000,Construction Materials:1:Slab Construction,M I A M I R E_ Municipal Code:56,M I A M I R E_ Year Installed:1966,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Geographic Area:St Lucie County 7060; 7070; 7080; 7090,M I A M I R E_ Parcel Number M L X:5643,Contract Status Change Date:2026-06-24,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:5,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),M I A M I R E_ Subdivision Number:4,M I A M I R E_ Acreage Description:1/4+ To 1/2 Acre,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Parking Space Number:20,M I A M I R E_ Agent Alternate Phone:862-324-3094,M I A M I R E_ Maximum Leasable Sqft:4146,M I A M I R E_ Property Description:STORES, ONE STORY,Internet Entire Listing Display Y N:1,M I A M I R E_ Multiple Offers Accepted Y N:1,Internet Automated Valuation Display Y N:1,