For Sale
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Property summary
This unique West Palm Beach investment opportunity presents a combined retail and residential property at 1813 N Tamarind Ave, 33407. The property features a convenience store currently operating under a 10-year lease (year 2), offering immediate income generation. The asking price for this established business is $749,000. Additionally, a 5-bedroom, 2-bathroom apartment is included, approved for housing vouchers and commanding a monthly rent of $2200. This provides a strong secondary income stream. Finally, a vacant storefront of approximately 615 square feet is available for lease at $1500 per month, NNN. This space presents significant potential for additional rental income or expansion of the existing convenience store. The property is zoned NC (city) and has an APN of 74434316090001520. The building is a single-suite structure without elevators. This mixed-use property offers a compelling blend of established income and significant upside potential, making it an attractive investment in a thriving Florida market. The property's location in West Palm Beach provides easy access to major transportation routes and a dense population base. This is a rare opportunity to acquire a multi-faceted income-producing asset in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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Grocery & Convenience Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
sub-district requirements. Sec. 94-230. - Coleman Park Historic District neighborhood commercial (CP-H NC) development characteristics and sub-district requirements. Sec. 94-231. - Coleman Park neighborhood commercial (C…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CP-NC · West Palm Beach, FLsub-district requirements. Sec. 94-230. - Coleman Park Historic District neighborhood commercial (CP-H NC) development characteristics and sub-district requirements. Sec. 94-231. - Coleman Park neighborhood commercial (C…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
sub-district requirements. Sec. 94-230. - Coleman Park Historic District neighborhood commercial (CP-H NC) development characteristics and sub-district requirements. Sec. 94-231. - Coleman Park neighborhood commercial (C…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CP-NC in West Palm Beach, FL.
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