1620 Avenue E, West Palm Beach, FL
1620 Avenue E, West Palm Beach, FL
1620 Avenue E, West Palm Beach, FL
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Vinesha Clark

Vinesha Clark

+1(772) 777-9913
$ 750,000
Est. payment | /mo

4,146 SqFt

Save Virtual Tour
$ 750,000
Est. payment | /mo
Save Virtual Tour

4,146 SqFt

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 4,146 sqft

Price per Sqft $180

MLS Listing ID B26045046

Construction Status Resale

HOA Y/N No

Year Built 1966

Annual Tax Amount $7,510

Tax Year 2025

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Retail

Property Description

Excellent value-add investment opportunity in Riviera Beach! This 4,146 SF neighborhood retail center consists of five approximately 860 SF units on a 0.31-acre parcel with DG zoning. Currently 80% occupied with four established tenants and one vacant unit, offering immediate upside through lease-up. Existing tenants are on Modified Gross leases with 5% annual rent increases and reimbursement provisions for utilities and operating expense increases. The property has recently undergone exterior improvements, including a fresh building repaint and newly re-striped parking lot, enhancing curb appeal and reducing near-term capital needs. Current gross income exceeds $64,000 annually with the potential to increase significantly by leasing the remaining vacancy. Long-term leases provide stable.. Long-term leases provide stable cash flow while contractual rent escalations drive future NOI growth. Conveniently located near major thoroughfares, residential neighborhoods, and ongoing redevelopment throughout Riviera Beach. Ideal opportunity for investors seeking in-place income with clear value-add potential.

Location

State FL

County Palm Beach

Community Sidewalks

Area 7070

Zoning CG (city)

Interior

Interior Features InteriorFeatures

Heating Central

Cooling Central Air, Ceiling Fan(s)

Flooring Ceramic Tile, Laminate

Fireplace No

Exterior

Parking Features Common, Free Parking

Fence None

Community Features Sidewalks

Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available

Water Access Desc Public

Roof Type Built-Up,Flat

Street Surface Asphalt,Paved

Accessibility Accessibility Features

Road Frontage City Street

Total Parking Spaces 20

Building

Lot Description Corner Lot, 1/4 to 1/2 Acre Lot

Dwelling Type Retail

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Block

New Construction No

Construction Status Resale

Others

Tax ID 56434233040060130

Security Features Fire Alarm,Smoke Detector(s),Security Lights

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/1620-Avenue-E-West-Palm-Beach-FL/unbranded

BeachesMLS, Inc. (FLR) IDX
Listed by Thomas Sinner Keller Williams Realty/P B

Nearby Locations

Vinesha Clark

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(772) 777-9913

vcsellsflorida@gmail.com

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1620 Avenue E