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$750,000

For Sale

8 hours ago

1620 Avenue E, West Palm Beach, FL

House

MLS® B26045046

0 Bed

0 Bath

--

20 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage 
Taxes $7,511
Days Active 0
Lot Size 0.31 Acres
Approx. Age 1966
MLS® Number B26045046

Property Address: 1620 Avenue E, West Palm Beach, FL,

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberB26045046
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1966
Basement
DrivewayCommon, Free Parking
Garage Spaces
HeatCentral
A/CCentral Air, Ceiling Fans

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 24, 2026List Date
$750,000List Price
  • Commute

Commute

Starting Address
Destination Address
1620 Avenue E, West Palm Beach, FL

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