1620 Ave Riviera Beach, FL 33404
- Distribution centers
Current Use by Public Records
- Distribution centers
Property Details for 1620 Ave
- Property type
- Distribution centers
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Riviera Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.056377
- Latitude
- 26.7768972
