3801 10th Ave N
Village Of Palm Springs, FL 33461
Commerce de détail Propriété À vendre

3801 10th Ave N, Lake Worth, FL 33461 and 3236 Reo Lane, Palm Springs, FL 33461 a two-building, two-parcel investment situated on 0.37 acres and .4313 acres total .8013 acres with prime frontage on 10th Ave N in Palm Beach County. The property consists of: - A 3,400 SF freestanding restaurant currently leased to Una Mas Bar & Grill with a 5-year lease and a 5-year option. Tenant pays $16,000/month ($192,000/year). - A 1,700 SF freestanding building included in the sale, ideal for additional rental income or owner-user use. Buyers may continue the existing lease for immediate cash flow or the seller will buy out the lease to deliver both buildings vacant. Building 1: Restaurant (3,400 SF). Building 2 is 1852 sq-ft with offices currently not occupied. Building 2 at one time was used as a catering location with a vent system.
Tenant: Una Mas Bar & Grill Size: 3,400 SF freestanding restaurant Lease Term: 5 years + 5-year option Rent: $16,000/month ($192,000/year) Features: Fully built-out restaurant with equipment included Status: Long-term operator with established business.
Building 2: Retail / Flex (1,700 SF)
Size: 1,700 SF freestanding building Status: Included in sale, delivered vacant Potential Uses: Retail, office, medical, restaurant, or storage Rental Upside: Market rent estimated $20–25/SF NNN (~$34,000–$42,500 annually) Flexibility: Owner-user space OR additional rental income
Two parcels and two buildings being sold together. Includes restaurant equipment. Tenant long term tenant operating restaurant and has a long-term lease. Property can be purchases with or without tenants, as seller will buy out or exercise cancellation of lease for the right buyer. Rents can be increased to obtain a 9% or 10% return with new tenants.