618 Us Highway 1 North Palm Beach, FL 33408

$2,995,000 23,200 sq. ft.

618 Us Highway 1

Year Built: 1972
Interior: 23,200 sq. ft. (approx.)
tax: $35,563 
MLS ID: RX-10515967
Huge add-value opportunity. Seller currently manages asset & occupy 3,528sf of space. Currently advertised for lease. Owner can stay but not required. 23,200sf bldg, 59% occupied, 65 parking spaces, masonry construction, great signage visibility, high-traffic area, commercial zoning, waterfront property with water views! Current gross income is roughly $197,784 @ ~59% occupancy. Proforma income @15% vacancy projection is $375,000+/year. Landlord space is remodeled modern. Min average market gross rent is roughly $19-$20+/SF for large spaces 3+ yr leases. Smaller spaces and/or shorter terms lease for more $. Vacant space needs minimal build-out; carpet, drywall, baseboards, paint, drop-ceiling tiles. Option to buy newer office furniture. Seller replaced cooling tower on roof. Improvements:


Interior Features

Design Features
Ceramic Tile
Heating & Cooling
Other Features

Exterior Features

Type of Property
Other Features

Property/Lot Details

Public Sewer
Public Water
Listing Courtesy of:
Regency Realty Services
Matan Morag
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