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1973 10th Ave N
Lake Worth Beach, FL 33461
Industrial Property For Sale · 37,532 SF

Investment Highlights

  • 2 combined units, Very clean
  • close proximity to I 95
  • Price range between $2.3M to $2.4M
  • 23 ft. hi ceilings, 1 Front entrance and 2 Rear Bay Door Entrances
  • close proximity to PBI airport

Executive Summary

Great opportunity to own 2 combined commercial warehouses industrial/flex combined into one. This property 1973 & 1975 10th Ave N in Lake Worth Beach, Fl, offers 7200 sq ft functional warehouse space, and an air conditioned storefront. Property has 2 bay doors, a bathroom, and estimated 23 ft ceiling height. There is currently a long standing national automotive wholesaler occupying the building. The lease ends in Nov of 2026. The class A property is in excellent condition and location as it's near I 95 and major PBI airport. This is a great opportunity for an owner/user or investment or 1031 exchange. Value add opportunity. Driving Directions: I 95 exit 10th Ave North, head west property will be a short distance on the south side. Broker Confidential: Please schedule online to show. This listing is for 2 warehouses combined into one. 1973 and 1975 unit numbers. All sizes are approximate including ceiling height. Buyer to confirm.

Property Facts

Total Building Size 37,532 SF
Property Type Industrial (Condo)
Property Subtype
Distribution
  • Flex Showroom
  • Industrial Warehouse
Building Class B
Floors 1
Typical Floor Size 37,532 SF
Year Built 1985
Lot Size 0.50 AC
Zoning MU-W - MU-W-,IXED USE WEST (38-LAKE WORTH BEACH)

Amenities

  • Yard
  • Reception
  • Fluorescent Lighting
  • Air Conditioning

Utilities

  • Lighting
  • Water
  • Sewer
  • Heating

1 Unit Available

Unit 1973-1975

Unit Size 7,200 SF
Condo Use Industrial
Sale Type Investment
Cap Rate 6.22%
NOI $197,149.81 CAD
No. Parking Spaces 2
Sale Conditions 1031 Exchange
APN/Parcel ID 38-43-44-21-43-000-0150
Description

Price range between $2.3M to $2.4M - (Motivated Seller) Great opportunity to OWN 2 Commercial Warehouses Combined into 1. This property 1973 & 1975 10th Ave North in Lake Worth Beach, Fl, offers 7200 sq ft functional warehouse space, and an air conditioned storefront. Property has 2 bay doors, a bathroom, and estimated 23 ft Ceiling Height. There is currently a long standing national tenant, national automotive wholesaler occupying the building. The lease ends in Nov of 2026. Tenant would like to renew, but it will be at new owners discretion.  The class A property is in excellent condition and location as it's near I 95 and major Palm Beach International Airport. This is a great opportunity for an owner, landlord, investor, or 1031 exchange.
Driving Directions: I 95 off 10th Ave. North, head west for a short distance, property is on south side. Bays are in middle of strip center.
Broker Confidential: Please schedule online to show. This listing is for 2 warehouses combined into one. 1973 and 1975 unit numbers. All sizes are approximate including 23 FT. Ceiling Height. Buyer to confirm.

Sale Notes

Call Now to schedule Active Showings,
Price range between $2.3M to $2.4M (MOTIVATED SELLER). Great Class A Warehouse with 23 ft. Ceiling Height, 2 Bay Doors, Bathroom, Front Entry Door, Office Space, Excellent Location, One Minute off of I 95 and Minutes to PBI Airport,  Great for Owner/ User, 1031 Exchange, or landlord.  (Seller adding dollars to the monthly rent) Excellent Long Term National Tenant in Place.  Call Today Active Showings.

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  • Listing ID: 33001954

  • Date on Market: 2024-08-29

  • Last Updated:

  • Address: 1973 10th Ave N, Lake Worth Beach, FL 33461

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