209 Military Trl West Palm Beach, FL 33415

Property Details for 209 Military Trl

Year built

1971

Property size

15,600 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Longitude

-80.1123

Latitude

26.6748