Palm Springs Portfolio of properties for Sale - West Palm Beach
This Palm Springs portfolio combines stability and flexibility for investors seeking cash flow and value-add potential.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, 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 second Freestanding building 1,852 sf included in the sale with a parking lot vacant but recently cut in half and made one half into a nail salon, ideal for additional rental income or owner-user use. Buyers may continue the existing restaurant lease for immediate cash flow, or the seller will buy out the lease to deliver both buildings vacant. Building 1: Restaurant (3,434 SF). Building 2 is 1852 sq-ft with offices currently not occupied. Building 2 at one time was used as a restaurant location with a hood system.
Tenant: Una Mas Bar & Grill Size: 3,434 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 (1,852 SF)
Size: 1,852 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 purchased 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. This offering is ideal for investors, developers, or owner-users seeking a prime Palm Beach County location with multiple exit strategies and significant upside.
