3677 23Rd Ave S B107 Lake Worth, FL 33461
21st-century light industrial condo with tenant in place.
Lot size:
4.00 AcresProperty Features for 3677 23Rd Ave S B107
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 4.00 Acres
Building Details
- Year built
- 2007
Source:
Elliman
Listing Agent: Christina H Morrison Pa
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Light Industrial Condo For Sale
This 21st-century light industrial condo is available for investors seeking income property. The property features all-concrete exterior walls, impact-resistant glass doors and windows, and wind-tested overhead doors. A new roof system has been installed. The interior includes offices and restrooms. The property is currently under a 5-year lease with a well-established pharma company, with two 5-year options and annual rent increases. The first-year return is over 5%. This sale-leaseback arrangement is suited for investors, including those with 1031 exchanges. The association handles exterior maintenance, while the tenant manages interior upkeep. The property is situated in a park-like setting and is fenced and gated. The buildings have been newly sealed and painted, and reserves are in place.
Location Intelligence
Current Use by Public Records
Direct Fabrication Solutions
(Bike/Boat/Book/etc) Store
The Fitness Center Service ...
Big Box & Wholesale Store
Choice Pest Control
Garden Center
Trusted Construction Inc.
Construction Company
Above and Beyond Pest ...
Garden Center
Location Insight
- Map
- Local Demand
- City
- Lake Worth
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0796212
- Latitude
- 26.6212863
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - 21st-century light industrial condo with tenant in place.
Where is this flex space located?
The property is located at 3677 23Rd Ave S B107 Lake Worth, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: - High Return: First year return over 5% with annual rent increases.; - Tenant in Place: Benefit from a 5-year lease with two 5-year options with a well-established pharma company.; - Hassle-Free Ownership: Association handles exterior maintenance, tenant handles interior.
