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

$8,250,000
Property Type: Comm/Industry Baths: 8 Square Footage: 27,200 Status: Active Under Contract
Current Price: $8,250,000 Last Modified: 12/05/2025

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# RX-11120696

Contract Information

Auction: No List Price/Bldg SqFt: 303.3 Status: Active Under Contract Original List Price: 8750000 List Price: $8,250,000 Current Price: $8,250,000 Listing Date: 2025-09-01

General Property Description

For Sale: Yes For Lease: No Lease Price SqFt: 321.69 Property Desc: Multi-Tenant Acres: 1.74 Built Desc: Resale Waterfront: No SqFt Source: Tax Rolls # of Stories: 1 Total Units: 2 % Air Conditioned: 100 Type: Retail Subdivision: PALM BEACH LAKES COMM 3 Year Built: 1980 SqFt - Living: 27200 Baths - Total: 8

Location, Tax & Legal

Geo Area: PB23 Country: United States State/Province: FL Tax Year: 2024 Zoning: GC(cit Real Estate Taxes: 78788.2 Multiple Ofrs Acptd: Yes Area: 5410 County: Palm Beach Parcel ID: 74434319110000030 Street #: 2223 Street Name: Palm Beach Lakes Street Suffix: Boulevard Zip Code: 33409 Legal Desc: PALM BEACH COMMERCIAL PL 3 LTS 3 & 4 Geo Lat: 26.711139 Geo Lon: -80.097321

Remarks & Misc

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.

Office/Member Info

DXORIGMLNO: RX-11120696 DXORIGMLSID: RML

Location

Central Business Dst: 1 City: 1 County: 1 Investment: 1

Type of Building

Commercial: 1 Free Standing: 1 Retail: 1

Sale Includes

Building and Land: 1

Avail Info

Copies of Lease: 1 Photos: 1

Construction

Block: 1 CBS: 1 Concrete: 1

Avail Docs

Previous Title: 1 Survey: 1

Waterfront Details

None: 1

Special Info

Presently Leased: 1

Cooling

Ceiling Fan: 1 Central Individual: 1 Electric: 1

Heating

Central Individual: 1 Electric: 1

Tenant Pays

Common Area Maint.: 1 Insurance: 1 Taxes: 1

Miscellaneous 1

Landscaped: 1 Sprinkler Water: 1

Use

Retail: 1

Miscellaneous 2

Rear Access: 1 Separate Office Area: 1 Showroom: 1 Traffic Heavy: 1

Flooring

Concrete: 1

Utilities

Electric: 1 Public Sewer: 1 Public Water: 1 Separate Meter: 1 201+ Amp: 1 220: 1

Fire Protect

Smoke Alarm: 1 Sprinkler: 1

Ceiling

Exposed: 1 Height Varies: 1 Suspended: 1

Roof

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

Maintenance Fee Incl

Exterior Electric: 1 Grounds/ Plants: 1 Insurance-Bldg: 1 Real Estate Tax: 1 Sales Tax: 1 Trash Removal: 1 Water: 1

Terms Considered

Cash: 1 Conventional: 1 Exchange: 1

Possession

At Closing: 1

Showing Instructions

Text Listing Agent: 1

Lease

Long Term: 1 Subject to Lease: 1 Triple Net: 1

Contingencies

None: 1

Status Change Info

Under Contract Type: Active Under Contract Under Contract Date: 2025-12-03

Property Features

Use: Retail Type of Building: Commercial; Free Standing; Retail Construction: Block; CBS; Concrete Ceiling: Exposed; Height Varies; Suspended Location: Central Business Dst; County; Investment Sale Includes: Building and Land Avail Docs: Previous Title; Survey Avail Info: Copies of Lease Miscellaneous 1: Landscaped; Sprinkler Water Miscellaneous 2: Rear Access; Separate Office Area; Showroom; Traffic Heavy Flooring: Concrete Cooling: Ceiling Fan; Central Individual; Electric Heating: Central Individual; Electric Fire Protect: Smoke Alarm; Sprinkler Special Info: Presently Leased Tenant Pays: Common Area Maint.; Insurance; Taxes Utilities: Electric; Public Sewer; Public Water; Separate Meter; 201+ Amp; 220 Waterfront Details: None Maintenance Fee Incl: Exterior Electric; Grounds/ Plants; Insurance-Bldg; Real Estate Tax; Sales Tax; Trash Removal; Water Roof: Built-Up; Steel Joist; Other Terms Considered: Cash; Conventional; Exchange Lease: Long Term; Subject to Lease; Triple Net Possession: At Closing Showing Instructions: Text Listing Agent Contingencies: None

Documents

Listing Office: Keller Williams Realty/P B
Last Updated: December - 05 - 2025
2223 Palm Beach Lakes Boulevard, West Palm Beach, FL 33409- MLS# RX-11120696
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.
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