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2725 Hillsboro Road, West Palm Beach, FL 33405

$8,995,000
Property Type: Comm/Industry Baths: 2 Status: Active
Current Price: $8,995,000 Last Modified: 5/05/2025

Description

Current owner purchased the warehouse in January 2019 to house a private art collection. When purchased, the warehouse was shell stripped of all power. The renovation completed a year and a half later in August 2020. Renovated to Chubb's specifications, the warehouse has a new TPO roof, 10 new quiet air HVAC units, 3 commercial dehumidifiers, (Pre Action sprinkler system), all new power (600 AMPS; 3 panels/208 each), a full building natural gas generator, Carbon monoxide detection/ventilation system and an interior loading dock. 2 ADA bathrooms and an ADA entry/exit ramp. Renovation completed August 2020. The property has 4 parking spaces in front and there is an on-going lease with FLA DOT lot (adjoining the property) about 15,000 SF with a 5-year lease at $6,500/year.

Supplements: The Lease has a 5-year option to renew with approval from FDOT. DISCLAIMER: The written and verbal information provided including but not limited to prices, measurements, square footages, lot sizes, calculations and statistics have been obtained and conveyed from third parties such as the applicable Multiple Listing Service, public records as well as other sources. All information including that produced by the Sellers or Listing Company are subject to errors, omissions or changes without notice and should be independently verified by any prospect for the purchase of a Property. The Sellers and Listing Company expressly disclaim any warranty or representation regarding all information. Prospective purchasers' use of this or any written and verbal information is acknowledgement of this disclaimer and that Prospects shall perform their own due diligence. Prospective purchasers shall not rely on any written or verbal information provided when entering a contract for sale and purchase. Some affiliations may not be applicable to certain geographic areas. Copyright 2023 Listing Company. All Rights Reserved.

More Information MLS# RX-11054556

Contract Information

Auction: No Status: Active Original List Price: 9995000 List Price: $8,995,000 Current Price: $8,995,000 Listing Date: 2025-01-21

General Property Description

For Sale: Yes For Lease: No Property Desc: BELVEDERE SOUTH 3 LT Acres: 0.51 SqFt Source: Floor Plan # of Stories: 1 Total Units: 1 % Air Conditioned: 100 Type: Industrial Subdivision: BELVEDERE SOUTH PL 3 REPL PT OVERLOOK IN Year Built: 1961 Baths - Total: 2

Location, Tax & Legal

Geo Area: PB20 Country: United States State/Province: FL Tax Year: 2024 Zoning: I—INDUSTRIAL (7 Real Estate Taxes: 2313944 Area: 5430 County: Palm Beach Parcel ID: 74434333340060050 Street #: 2725 Street Name: Hillsboro Street Suffix: Road Zip Code: 33405 Legal Desc: BELVEDERE SOUTH 3 LTS 5, 6, 7 & N 10 FT LT 8 (LESS N 13 FT & W 16 FT RR R/W) BLK 6 Geo Lat: 26.689705 Geo Lon: -80.070139

Office/Member Info

DXORIGMLNO: RX-11054556 DXORIGMLSID: RML

Type of Building

Commercial: 1 Industrial: 1 Office Space: 1 Office/Professional: 1 Office/Warehouse: 1 Special Purpose: 1 Storage/ Warehouse: 1 Warehouse: 1

Sale Includes

Building Only: 1

Avail Info

Photos: 1

Avail Docs

None: 1

Cooling

Central: 1

Heating

Other: 1

Tenant Pays

Electric: 1 Insurance: 1 Taxes: 1 Water: 1

Use

Industrial: 1 Other: 1

Flooring

Concrete: 1

Utilities

Generator: 1

Fire Protect

Smoke Alarm: 1 Smoke Detector: 1 Sprinkler: 1

Roof

Concrete Tile: 1

Terms Considered

Cash: 1 Conventional: 1

Possession

At Closing: 1

Lease

None: 1

Property Features

Use: Industrial; Other Type of Building: Commercial; Industrial; Office Space; Office/Professional; Office/Warehouse; Special Purpose; Storage/ Warehouse; Warehouse Sale Includes: Building Only Avail Docs: None Flooring: Concrete Cooling: Central Heating: Other Fire Protect: Smoke Alarm; Smoke Detector; Sprinkler Tenant Pays: Electric; Insurance; Taxes; Water Utilities: Generator Roof: Concrete Tile Terms Considered: Cash; Conventional Lease: None Possession: At Closing
Listing Office: Douglas Elliman
IDX
Last Updated: May - 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.