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209 Military Trl West Palm Beach, FL 33415

Sponsored
For Sale
$11,600,000

High-yield, 100% occupied retail complex

Property size:
15,600 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a stabilized, mixed-use commercial portfolio comprising two adjacent buildings totaling 15,600 square feet in West Palm Beach, Florida. The property boasts a strong 14.31% cap rate and a substantial net operating income (NOI) of $1,660,390. Currently 100% occupied, the portfolio includes six units, offering a diverse tenant mix including a liquor store, psychic tarot reader, barbershop, upstairs apartment, and billboard advertising, along with a food truck operation. The buildings, constructed in 1971, feature a two-story design with 20-foot ceilings and have undergone recent upgrades, including new roofs and air conditioning systems. Ample parking is available with over 90 spaces. The property sits on a combined lot size of approximately 0.61 to 1 acre and is zoned for general commercial use. Detailed financial statements and surveys are available upon request. This is a rare opportunity to acquire a high-performing, well-located retail portfolio in a thriving Florida market. The property is offered at an asking price of $11,600,000. Individual tenant leases are available for review, with the liquor store operating under a formal lease agreement. Other tenants are on month-to-month agreements but have established long-term occupancy. The property includes two separate parcels: Parcel 1, a single-tenant building located at a separate address, and Parcel 2, a multi-tenant retail building at 209 S Military Trl, West Palm Beach, FL 33415. The property's strong cash flow and prime location make it an ideal investment for discerning buyers seeking a stable and high-return asset.

Property Features for 209 Military Trl

General Information

Property type
Lifestyle centers
Square Feet
15,600 SF
Class
B

Building Details

Year Built
1971
Buildings
2
Stories
2
Units
6

HighLights

  • Parcel 1: Single‑tenant property at 4548 Purdy Lane, West Palm Beach, FL 33406.
  • 1971 construction with recent roof and A/C upgrades.
  • Parcel 2: Multi‑tenant commercial retail property at 2298 S Military Trl, West Palm Beach, FL 33415.
  • Liquor store lease: $4,000/month; other tenants month‑to‑month, with potential for new leases.
  • Current monthly income from other tenants: Psychic Tarot Reader ($3,000), Barber Shop ($2,400), Upstairs Apartment ($1,800), Billboard ($835), and Food Truck ($700).
  • Parcel 1 generates $20,000/month in income.
Property Profile Location Intelligence

Current Use by Public Records

Lifestyle centers

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
West Palm Beach
County
Palm Beach
State
Florida
Longitude
-80.1123292
Latitude
26.6747969

FAQs

What type of property is this?
Lifestyle center - High-yield, 100% occupied retail complex
Where is this lifestyle center located?
The property is located at 209 Military Trl West Palm Beach, FL.
What is the asking price?
The asking price for this property is $11,600,000.
What are key features of this property?
This property features: Parcel 1: Single-tenant property at 4548 Purdy Lane, West Palm Beach, FL 33406.; 1971 construction with recent roof and A/C upgrades.; Parcel 2: Multi-tenant commercial retail property at 2298 S Military Trl, West Palm Beach, FL 33415.
More about this property
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