West Palm Beach Industrial for Sale
Excellent opportunity to acquire an income-producing commercial/industrial property located at 2422 N Military Trail in West Palm Beach, Florida. Situated on approximately 0.61 acre, the property features an approximately 4,950-square-foot building consisting of warehouse/service space and a dedicated office and showroom area.
Positioned along the heavily traveled N Military Trail corridor, the property offers excellent visibility, prominent signage exposure, convenient access, and ample on-site parking. The versatile layout is well suited for an investor, owner-user, business operator, automotive-related business, warehouse operation, or future redevelopment project, subject to existing leases, zoning, and governmental approvals.
Two established long-term tenants currently generate approximately $96,000 in annual rental income, providing immediate cash flow for an investor. The property also offers potential rental-income growth, with projected market rents of up to $5,500 per month per tenant, which could increase gross annual income to approximately $132,000, subject to lease terms and market conditions.
This is a unique opportunity to acquire a highly visible commercial/industrial property with stable tenants, income-growth potential, and long-term investment value in the West Palm Beach market.
The adjoining vacant parcel includes a cell phone tower that generates an additional approximately $72,000 per year. The balance of the land remains vacant, providing potential opportunities for expansion, additional parking, storage, future construction, or redevelopment, subject to zoning, tower lease restrictions, easements, and governmental approvals.
Together, the building and cell tower generate approximately $168,000 in total annual income, offering investors immediate cash flow with multiple opportunities for long-term growth and value enhancement.
Conveniently located along the established N Military Trail corridor near major roadways, businesses, shopping, residential communities, and other local amenities.
Contact Dwayne Barrett today for additional information or to schedule a private property tour.