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702 Park Ave 2,440 - 15,879 SF of Space Available in West Palm Beach, FL 33403
HIGHLIGHTS
- Located in downtown Lake Park
- Equipped with a stage, lighting, and sound system
- Easily accessible and surrounded by a thriving arts community
- Numerous developments occurring in the area
- Over 70 Parking Spots located in front and behind the building.
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 9,000 SF | 3-5 Years | $20.93 CAD/SF/YR $1.74 CAD/SF/MO $188,352 CAD/YR $15,696 CAD/MO | Triple Net (NNN) | ||
| 1st Floor | 2,440 SF | Negotiable | $33.48 CAD/SF/YR $2.79 CAD/SF/MO $81,703 CAD/YR $6,809 CAD/MO | Triple Net (NNN) | ||
| 2nd Floor | 4,439 SF | Negotiable | $26.51 CAD/SF/YR $2.21 CAD/SF/MO $117,673 CAD/YR $9,806 CAD/MO | Triple Net (NNN) |
700-754 Park Ave - 1st Floor
The spaces are situated within a vibrant plaza, these retail space enjoy high visibility and foot traffic, surrounded by established businesses. There is an ample amount of parking in both the front and back of the property. Within a mile of the site is a brand new development, Nautilus 220 with 330 luxury condos and 1.5 miles from the site is a new 112 unit apartment complex Berkeley Landing. The plaza has an average household income over $105,000 in a 3 mile radius and over 85,000 residents within a 3-mile radius. With average daily traffic exceeding 6,000. These retail spaces offer unparalleled exposure, providing an ideal platform to showcase your products or services to a diverse and expansive audience. Attached are permitted uses.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Professional Services Office
- Mostly Open Floor Plan Layout
- Fits 23 - 72 People
700-754 Park Ave - 1st Floor
This space will have a brand new build out.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
700-754 Park Ave - 2nd Floor
This will be a brand new build out.
- Lease rate does not include utilities, property expenses or building services
- Fits 12 - 36 People
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 15,879 SF | Frontage | |
| Center Type | Strip Center | Gross Leasable Area | 23,760 SF |
| Parking | 80 Spaces | Total Land Area | 1.22 AC |
| Center Properties | 1 | Year Built | 1962 |
| Total Space Available | 15,879 SF |
| Center Type | Strip Center |
| Parking | 80 Spaces |
| Center Properties | 1 |
| Frontage | |
| Gross Leasable Area | 23,760 SF |
| Total Land Area | 1.22 AC |
| Year Built | 1962 |
ABOUT THE PROPERTY
Welcome to these prime retail space nestled in the heart of Lake Park, FL. There is a former restaurant space available here and a theater space. This opportunity is ideal for a wide range of retail ventures seeking to capitalize on a dynamic and growing market. This space is situated within a vibrant plaza, these retail space enjoy high visibility and foot traffic, surrounded by established businesses. There is an ample amount of parking in both the front and back of the property. Within a mile of the site is a brand new development, Nautilus 220 with 330 luxury condos and 1.5 miles from the site is a new 112 unit apartment complex Berkeley Landing. There is also a proposed 595 unit residential project for Lake Park. There are currently hundreds of houses surrounding the plaza, this location will bring a steady stream of potential customers. The plaza has an average household income over $105,000 in a 3 mile radius and over 85,000 residents within a 3-mile radius. With average daily traffic exceeding 6,000. These retail spaces offer unparalleled exposure, providing an ideal platform to showcase your products or services to a diverse and expansive audience. Attached are permitted uses.
NEARBY MAJOR RETAILERS
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702 Park Ave
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