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719 Northlake Boulevard, North Palm Beach, FL 33408
New

Foreclosure
$40.00/SF/year
Active for Sale
 
Listing ID 1000013062
Property Type Commercial
County Palm Beach
Township North Palm Beach
Total Tax $17,000
FEMA Flood Map fema.gov/portal
Virtual Tour
Located in the heart of North Palm Beach, 719 Northlake Boulevard offers a unique commercial opportunity. This 1-story, 2-unit building is situated in a desirable location, with a total of 3,000 square feet of leaseable space. The property features a flat roof and rubber roofing, with sewer and water services provided by the city. The building is currently occupied, and the owner is motivated to sell. The property has a total annual gross income of $120,000, with a net operating income of $113,000. Annual expenses total $7,000, with a reserve expense of $5,000 and a legal expense of $2,000. The property also has an annual tax total of $17,000. Key features of the property include: * 1-story, 2-unit building * 3,000 square feet of leaseable space * City sewer and water services * Flat roof with rubber roofing * Owner financing available This commercial property is being offered for sale at $2,000,000. With its desirable location and potential for income generation, 719 Northlake Boulevard is an attractive opportunity for investors and business owners.
Property Details
  • 2 Units
Exterior Features
  • Rubber Roof
  • Flat Roof
  • Municipal Water
  • Municipal Sewer
Commercial Info
  • Simon Gray Realty (Business Name)
  • Class: 1 Story, 2 Unit Building
  • Uses: Office, Medical, Retail
  • 5% Cap. Rate
  • Real Estate Office
Income/Expenses
  • Gross Income $120,000
  • Net Income $113,000
  • Legal Exp $2,000
  • Total Exp $7,000
Taxes and Fees
  • $17,000 Total Tax
Listed By
Simon Gray Realty, LTD
Office: 845-750-3336
Mobile: 845-750-3336
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