Property profile

1620 Avenue E West Palm Beach, FL 33404

FOR SALE
Warehouses
Property ID
US18-2007302
Entity Owned 8-yr Hold
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Property summary

AI-generated overview

This exceptional 4,146 square foot warehouse in Riviera Beach, Florida (33404), presents a compelling investment opportunity. Located at 1620 Avenue E, this single-tenant property boasts a strong, consistent income stream. The building, zoned CG, features five individual units currently leased to small churches, with a waiting list indicating high demand. Recent extensive renovations have significantly enhanced the property's value and appeal. Improvements include a brand new roof, a central HVAC system, updated interior tile, a refreshed exterior facade, and hurricane-resistant accordion security shutters. The property's Net Operating Income (NOI) is a robust $52,780, representing a 6% capitalization rate. The current owner is a licensed broker and is willing to continue managing and leasing the property for the new buyer, ensuring a seamless transition. The property's APN is 56434233040060130. This is a turnkey investment ready for immediate income generation. Full-price offers only are being considered. This is a rare opportunity to acquire a well-maintained, high-demand commercial property in a growth area. Don't miss out on this exceptional investment.

Property profile

Verified
Property type Warehouses
UPID US18-2007302

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1620 Avenue E West Palm Beach, FL 33404
West Palm Beach metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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