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2223 Palm Beach Lakes Boulevard, West Palm Beach, FL 33409

$7,675,000
Property Type: Commercial Sale Square Footage: 27,200 Status: Closed
Current Price: $7,675,000 List Date: 9/03/2025 Last Modified: 3/25/2026

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# R11120696

Contract Information

Comp Sale YN: No Listing Date: 2025-09-01 Status: Closed Original List Price: 8750000 Sold Price: $7,675,000 Current Price: $7,675,000

Location and Legal

County Or Parish: Palm Beach County Parish Name: Palm Beach City Name: West Palm Beach Postal Code: 33409 Geographic Area: PB23 Multiple Offers Accepted: Yes Property Description: Multi-Tenant Country: United States Street Number: 2223 Street Name: Palm Beach Lakes Street Suffix: Boulevard State Or Province: FL Area: 5410 Parcel Number: 74434319110000030 Zoning: GC(cit 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.

General Property Information

Number Of Units Total: 2 Lot Size Area: 75794.4 Stories: 1 Property Sub Type: Retail Building Area Main: 27200 Building Area Source: Public Records Year Built: 1980 Lot Size Acres: 1.74

Office/Member Information

DXORIGMLSID: RML

Status Change Information

Buyer Financing: Cash Major Change Timestamp: 2026-03-25T20:36:47Z Major Change Type: Status Change Price Change Timestamp: 2025-10-14T13:05:27Z Status Change Date: 2026-03-25 Under Contract Date: 2025-12-03 Close Date: 2026-03-25 Close Price: 7675000

Electric

200+ Amp Service: 1 220 Volts: 1 Separate Meters: 1 Three Phase: 1

Flooring

Concrete: 1

Property Condition

Resale: 1

Documents Available

Copy Of Lease(s): 1 Existing Survey: 1 Photos: 1 Title/Abstracts: 1

Structure Type

Retail: 1

Tenant Pays

Common Area Maintenance: 1 Insurance: 1 Maintenance: 1 Taxes: 1

Location of Property

Central Business District: 1 City Location: 1 County Location: 1

Possession

Close Of Escrow: 1

Sewer

Public Sewer: 1

Building and Property Details

# Of Toilets: 8 % Air Conditioned: 100 Maximum Ceiling Height: 14

Building Features

Free Standing: 1 Rear Access: 1 Separate Office Area: 1 Showroom: 1

Business Type

Commercial: 1

Ceiling

Ceiling Height Varies: 1 Exposed: 1 Suspended: 1

Common Area Maintenance Includes

Exterior Electric: 1 Grounds/Plants: 1 Outside Insurance: 1 Real Estate Tax: 1 Sales Tax: 1 Water: 1

Heating

Central Individual: 1 Electric: 1

Sale Includes

Building: 1 Land: 1

Sprinkler Description

Other Sprinkler: 1

Construction Materials

Block: 1 CBS: 1 Concrete: 1

Listing Terms

Cash: 1 Conventional: 1 Trade: 1

Lot Features

Landscaped: 1

Roof

Built-Up: 1 Steel Joist: 1 Other: 1

Security Features

Fire Alarm: 1 Fire Sprinkler System: 1

Water Source

Public: 1

Cooling

Ceiling Fan(s): 1 Central Individual: 1 Electric: 1

Showing Requirements

24 Hour Notice: 1 Appointment Only: 1 Occupied: 1 Text Listing Agent: 1

Traffic Type

Heavy: 1

Contingencies

None: 1

Price Calculations

Current Price To SqFt: 303.3

Financial Information

Tax Annual Amount: 78788.2 Tax Year: 2024 Tax Legal Description: PALM BEACH COMMERCIAL PL 3 LTS 3 & 4

Originating Details

Originating System Key: 20250901204547589289000000 Originating System ID: M00000170

Property Features

Building Features: Free Standing; Rear Access; Separate Office Area; Showroom Business Type: Commercial Ceiling: Ceiling Height Varies; Exposed; Suspended Common Area Maintenance Includes: Exterior Electric; Grounds/Plants; Outside Insurance; Real Estate Tax; Sales Tax; Water Documents Available: Copy Of Lease(s); Existing Survey; Title/Abstracts Electric: 200+ Amp Service; 220 Volts; Separate Meters; Three Phase Flooring: Concrete Heating: Central Individual; Electric Location of Property: Central Business District; City Location; County Location Possession: Close Of Escrow Property Condition: Resale Sale Includes: Building; Land Sprinkler Description: Other Sprinkler Tenant Pays: Common Area Maintenance; Insurance; Maintenance; Taxes Construction Materials: Block; CBS; Concrete Cooling: Ceiling Fan(s); Central Individual Listing Terms: Cash; Conventional; Trade Lot Features: Landscaped Traffic Type: Heavy Roof: Built-Up; Steel Joist; Other Security Features: Fire Alarm; Fire Sprinkler System Sewer: Public Sewer Structure Type: Retail Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Occupied; Text Listing Agent Contingencies: None

Documents

Listing Office: Keller Williams Realty/P B
Last Updated: March - 25 - 2026
2223 Palm Beach Lakes Boulevard, West Palm Beach, FL 33409- MLS# R11120696
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 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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