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2701 OKEECHOBEE Boulevard

West Palm Beach, FL

MLS#: B26070342

$9,000,000

Status: Active
Listing number: B26070342
Listing provided by: EXP Realty LLC
Listing agent phone: None
Last update: 3 hours ago
On site: 21 days ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1963

Sq.Footage

9,503

Exceptional opportunity to acquire a highly visible commercial property along the Okeechobee Boulevard corridor in West Palm Beach. 2701 Okeechobee Boulevard features approximately 9,181 SF of existing commercial/office improvements on 1.27 acres, offering an attractive combination of immediate usability, prominent exposure and long-term redevelopment potential. The property may be purchased individually or as part of an optional package with the adjoining 801 Spencer Drive property, adding approximately 0.29 acres and 3,665 SF of improvements. Once assembled, the contiguous properties comprise approximately 1.56 acres with 12,846 SF of existing improvements and the significant advantage of road access on three sides. The combined site offers exceptional visibility, multiple access points, flexible circulation and enhanced redevelopment potential in a high-traffic West Palm Beach location. A rare opportunity for an owner-user, investor or developer to secure a strategically positioned commercial assemblage along one of the area's primary commercial corridors.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Concrete, Stucco

  • Parking

    Common

  • Pool

    No

Area & Lot

  • Lot Features

    Corner Lot

  • Lot Size(acres)

    1.27

  • Property Type

    Commercial Sale

  • Property Sub Type

    Office

Price

  • Sales Price

    $9,000,000

  • Tax Amount

    $53,451.01

  • Sq. Footage

    9,503

  • Price/SqFt

    $947

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    4

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Palm Beach

Elementary School

Middle School

High School

Listing Courtesy of Scott A. Huston, EXP Realty LLC

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Exceptional opportunity to acquire a highly visible commercial property along the Okeechobee Boulevard corridor in West Palm Beach. 2701 Okeechobee Boulevard features approximately 9,181 SF of existing commercial/office improvements on 1.27 acres, offering an attractive combination of immediate usability, prominent exposure and long-term redevelopment potential. The property may be purchased individually or as part of an optional package with the adjoining 801 Spencer Drive property, adding approximately 0.29 acres and 3,665 SF of improvements. Once assembled, the contiguous properties comprise approximately 1.56 acres with 12,846 SF of existing improvements and the significant advantage of road access on three sides. The combined site offers exceptional visibility, multiple access points, flexible circulation and enhanced redevelopment potential in a high-traffic West Palm Beach location. A rare opportunity for an owner-user, investor or developer to secure a strategically positioned commercial assemblage along one of the area's primary commercial corridors.

2701 OKEECHOBEE Boulevard

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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. 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.
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None Beds

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