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Updated Office Building in Riviera

2051 Dr Martin Luther King Jr Blvd Riviera Beach, FL

2051 Dr Martin Luther King Jr Blvd, Riviera Beach, FL, 00000
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For Sale
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Well-maintained Class B office building with government tenants.

Property Size60,969 SF
Lot Size5.94 Acres
Days on Market1640

Property Features for 2051 Dr Martin Luther King Jr Blvd

General Information

Standard status
Active
Size
60,969 SF
Lot size
5.94 Acres
Property subtype
OFFICE
Listing agency Colliers | Boca Raton
Listed by Mark M. Rubin
Source Moodyscre
Added: Jan 24, 2022 Updated: Jul 6 at 10:09AM Checked: Jul 21 at 8:05AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Boca Raton


Investment Insights

Based on property information with market context.

Port Center is a well-maintained, three-story Class B office building centrally located in Riviera Beach. The property has been recently updated and features an impressive rent roll of Government tenants. Recent leasing activity has raised the in-place income and extended the lease terms. The property has a strong location serving the Class-B office market of West Palm Beach, with excellent access to the I-95 highway. The meticulously maintained asset has had over $400,000 in recent upgrades and features timeless architecture with no deferred maintenance. The property contains 60969 square feet.

Key Highlights

  • Strong in‑place rent (average of $23.29 PSF) with potential to increase rents as leases roll over.
  • Impressive rent roll of Government tenants.
  • Meticulously maintained asset with over $400,000 in recent upgrades and no deferred maintenance.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Veterinary Clinic Carpet & Flooring Store Parking Lot & Garage Catering Service (Bike/Boat/Book/etc) Store Barber Shop Butcher Grocery & Convenience Store (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office building - Well-maintained Class B office building with government tenants.
Where is this office building located?
The property is located at 2051 Dr Martin Luther King Jr Blvd Riviera Beach, FL.
What are key features of this property?
This property features: Strong in‑place rent (average of $23.29 PSF) with potential to increase rents as leases roll over.; Impressive rent roll of Government tenants.; Meticulously maintained asset with over $400,000 in recent upgrades and no deferred maintenance.
Contact an agent
(561) 302-2511 Call to check price and availability
More about this property
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