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

$7,675,000
: 8
BA

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Sold Price: $7,675,000
List Price: $8,250,000
Closing Date: Mar 25, 2026
MLS#: R11120696
Status: CLOSED
Type: Commercial

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Property 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

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Additional Information

Days on Market: 95
Tax Amount: $78,788
Water Access: Building Only, Business And Building
Parcel Number: 74434319110000030
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.
Address: 2223 Palm Beach Lakes Boulevard, West Palm Beach
Year Built: 1980