2223 Palm Beach Lakes Boulevard, West Palm Beach, FL 33409
$8,250,000
Property Type:
Comm/Industry
Baths:
8
Square Footage:
27,200
Status:
Active Under Contract
Current Price:
$8,250,000
Last Modified:
12/05/2025
Description
The multi-tenant retail storefront is operating with two main units. The building was completely renovated between 2017-2018, roof(2018), and new HVAC's(2025).
The first unit (Previously Rock Fitness : 16,000 SF) is vacant and we have had interest from prospective tenants at market rents. The second unit (Furniture Direct : 11,200 SF) is operating and has 3 years remaining on their initial 10 year lease (ending October 2028), which they would like to renew and are amenable to increase their rent to market value. They currently on a NNN lease with 4% annual increases, plus monthly CAM.
The 1.74 AC : 76,230 SF Lot, zoned GC, has a wide range of permitted uses. Included but not limited to department store, religious centers, gyms, spas, multifamily, supermarkets, and recreational uses
More Information MLS# RX-11120696
Contract Information
Auction: No
List Price/Bldg SqFt: 303.3
Status: Active Under Contract
Original List Price: 8750000
List Price: $8,250,000
Current Price: $8,250,000
Listing Date: 2025-09-01
General Property Description
For Sale: Yes
For Lease: No
Lease Price SqFt: 321.69
Property Desc: Multi-Tenant
Acres: 1.74
Built Desc: Resale
Waterfront: No
SqFt Source: Tax Rolls
# of Stories: 1
Total Units: 2
% Air Conditioned: 100
Type: Retail
Subdivision: PALM BEACH LAKES COMM 3
Year Built: 1980
SqFt - Living: 27200
Baths - Total: 8
Location, Tax & Legal
Geo Area: PB23
Country: United States
State/Province: FL
Tax Year: 2024
Zoning: GC(cit
Real Estate Taxes: 78788.2
Multiple Ofrs Acptd: Yes
Area: 5410
County: Palm Beach
Parcel ID: 74434319110000030
Street #: 2223
Street Name: Palm Beach Lakes
Street Suffix: Boulevard
Zip Code: 33409
Legal Desc: PALM BEACH COMMERCIAL PL 3 LTS 3 & 4
Geo Lat: 26.711139
Geo Lon: -80.097321
Remarks & Misc
Directions: Located on the north side of Palm Beach Lakes Boulevard just West of I-95 before Okeechobee Boulevard. Directly next door to Park Avenue Grill and across the street from Twin Peaks.
Office/Member Info
DXORIGMLNO: RX-11120696
DXORIGMLSID: RML
Location
Central Business Dst: 1
City: 1
County: 1
Investment: 1
Type of Building
Commercial: 1
Free Standing: 1
Retail: 1
Sale Includes
Building and Land: 1
Avail Info
Copies of Lease: 1
Photos: 1
Construction
Block: 1
CBS: 1
Concrete: 1
Avail Docs
Previous Title: 1
Survey: 1
Waterfront Details
None: 1
Special Info
Presently Leased: 1
Cooling
Ceiling Fan: 1
Central Individual: 1
Electric: 1
Heating
Central Individual: 1
Electric: 1
Tenant Pays
Common Area Maint.: 1
Insurance: 1
Taxes: 1
Miscellaneous 1
Landscaped: 1
Sprinkler Water: 1
Use
Retail: 1
Miscellaneous 2
Rear Access: 1
Separate Office Area: 1
Showroom: 1
Traffic Heavy: 1
Flooring
Concrete: 1
Utilities
Electric: 1
Public Sewer: 1
Public Water: 1
Separate Meter: 1
201+ Amp: 1
220: 1
Fire Protect
Smoke Alarm: 1
Sprinkler: 1
Ceiling
Exposed: 1
Height Varies: 1
Suspended: 1
Roof
Built-Up: 1
Steel Joist: 1
Other: 1
Maintenance Fee Incl
Exterior Electric: 1
Grounds/ Plants: 1
Insurance-Bldg: 1
Real Estate Tax: 1
Sales Tax: 1
Trash Removal: 1
Water: 1
Terms Considered
Cash: 1
Conventional: 1
Exchange: 1
Possession
At Closing: 1
Showing Instructions
Text Listing Agent: 1
Lease
Long Term: 1
Subject to Lease: 1
Triple Net: 1
Contingencies
None: 1
Status Change Info
Under Contract Type: Active Under Contract
Under Contract Date: 2025-12-03
Property Features
Use: Retail
Type of Building: Commercial; Free Standing; Retail
Construction: Block; CBS; Concrete
Ceiling: Exposed; Height Varies; Suspended
Location: Central Business Dst; County; Investment
Sale Includes: Building and Land
Avail Docs: Previous Title; Survey
Avail Info: Copies of Lease
Miscellaneous 1: Landscaped; Sprinkler Water
Miscellaneous 2: Rear Access; Separate Office Area; Showroom; Traffic Heavy
Flooring: Concrete
Cooling: Ceiling Fan; Central Individual; Electric
Heating: Central Individual; Electric
Fire Protect: Smoke Alarm; Sprinkler
Special Info: Presently Leased
Tenant Pays: Common Area Maint.; Insurance; Taxes
Utilities: Electric; Public Sewer; Public Water; Separate Meter; 201+ Amp; 220
Waterfront Details: None
Maintenance Fee Incl: Exterior Electric; Grounds/ Plants; Insurance-Bldg; Real Estate Tax; Sales Tax; Trash Removal; Water
Roof: Built-Up; Steel Joist; Other
Terms Considered: Cash; Conventional; Exchange
Lease: Long Term; Subject to Lease; Triple Net
Possession: At Closing
Showing Instructions: Text Listing Agent
Contingencies: None
Documents
Costar Underwriting Report ›
Floor Plan ›
Listing Office:
Keller Williams Realty/P B
Last Updated: December - 05 - 2025
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.