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362-364 S Main St 10,090 SF Vacant Retail Building Belle Glade, FL 33430 $4,153,680 CAD ($411.66 CAD/SF) 6% Cap Rate
Investment Highlights
- 100% leased to five strong national tenants, generating approximately $175,000 in annual rental income with room for future growth.
- Four additional parcels included in the sale, offering long-term flexibility and potential for future development, expansion, or additional commercial
- High-visibility corner location on South Main Street, positioned along one of Belle Glade's primary commercial corridors.
Executive Summary
Rare opportunity to acquire a fully leased neighborhood shopping plaza in Palm Beach County with additional land for future expansion or development.
The property consists of approximately 10,090 square feet of retail and service space situated on just under one acre, plus four additional parcels offering approximately 0.80 acres of added land. The plaza is currently 100% occupied by five tenants, including nationally recognized Quest Diagnostics and Boost Mobile, providing immediate in-place income with a diversified tenant mix.
Positioned on a prominent corner along a major commercial corridor, the property benefits from strong visibility, convenient access, and B-2 commercial high-density zoning. Recent capital improvements include a roof and HVAC systems replaced within the past three years, helping reduce near-term capital expenditure requirements for a new owner.
What sets this opportunity apart is its combination of stabilized income and future upside. This is not simply a traditional cap-rate acquisition. The four additional parcels create opportunities for future development, expansion of the existing center, additional retail or service uses, or longer-term land appreciation, subject to applicable approvals.
Investment Highlights:
• 10,090 SF shopping plaza
• Approximately 0.95-acre primary site
• Four additional parcels totaling approximately 0.80 acres
• 100% leased to five tenants
• Tenant roster includes Quest Diagnostics and Boost Mobile
• Corner location with strong visibility
• B-2 commercial high-density zoning
• Roof and HVAC replaced within the past three years
• Immediate in-place cash flow
• Additional development and expansion potential
• Palm Beach County location
An attractive opportunity for retail investors, private capital, 1031 exchange buyers, and groups seeking both stabilized income and a value-add component within Palm Beach County.
Jamie Bederak
Jamie.Bederak@TheAgencyRE.com
423-557-4310
The property consists of approximately 10,090 square feet of retail and service space situated on just under one acre, plus four additional parcels offering approximately 0.80 acres of added land. The plaza is currently 100% occupied by five tenants, including nationally recognized Quest Diagnostics and Boost Mobile, providing immediate in-place income with a diversified tenant mix.
Positioned on a prominent corner along a major commercial corridor, the property benefits from strong visibility, convenient access, and B-2 commercial high-density zoning. Recent capital improvements include a roof and HVAC systems replaced within the past three years, helping reduce near-term capital expenditure requirements for a new owner.
What sets this opportunity apart is its combination of stabilized income and future upside. This is not simply a traditional cap-rate acquisition. The four additional parcels create opportunities for future development, expansion of the existing center, additional retail or service uses, or longer-term land appreciation, subject to applicable approvals.
Investment Highlights:
• 10,090 SF shopping plaza
• Approximately 0.95-acre primary site
• Four additional parcels totaling approximately 0.80 acres
• 100% leased to five tenants
• Tenant roster includes Quest Diagnostics and Boost Mobile
• Corner location with strong visibility
• B-2 commercial high-density zoning
• Roof and HVAC replaced within the past three years
• Immediate in-place cash flow
• Additional development and expansion potential
• Palm Beach County location
An attractive opportunity for retail investors, private capital, 1031 exchange buyers, and groups seeking both stabilized income and a value-add component within Palm Beach County.
Jamie Bederak
Jamie.Bederak@TheAgencyRE.com
423-557-4310
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
10,090 SF
Building Class
C
Year Built/Renovated
1953/2016
Price
$4,153,680 CAD
Price Per SF
$411.66 CAD
Cap Rate
6%
NOI
$249,221 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.99 AC
Opportunity Zone
Yes
Zoning
B2 - B-2 Community Commercial District & P Commercial High Density Office District
Parking
30 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Monument Signage
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-37-43-31-08-000-0650 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,414,415 CAD |
Property Taxes
Parcel Number
04-37-43-31-08-000-0650
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,414,415 CAD
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362-364 S Main St
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