2223 Palm Beach Lakes Boulevard, West Palm Beach, FL 33409
$7,675,000
Property Type:
Commercial Sale
Square Footage:
27,200
Status:
Closed
Current Price:
$7,675,000
List Date:
9/03/2025
Last Modified:
3/25/2026
Overview
Description
The multi-tenant retail storefront is operating with two main units. The building was completely renovated between 2017-2018, roof(2018), and new HVAC's(2025).
The first unit (Previously Rock Fitness : 16,000 SF) is vacant and we have had interest from prospective tenants at market rents. The second unit (Furniture Direct : 11,200 SF) is operating and has 3 years remaining on their initial 10 year lease (ending October 2028), which they would like to renew and are amenable to increase their rent to market value. They currently on a NNN lease with 4% annual increases, plus monthly CAM.
The 1.74 AC : 76,230 SF Lot, zoned GC, has a wide range of permitted uses. Included but not limited to department store, religious centers, gyms, spas, multifamily, supermarkets, and recreational uses
Listing Details MLS# R11120696
General Property Information
- Property Sub Type
- Retail
- Building Area Main
- 27200
- Building Area Source
- Public Records
- Year Built
- 1980
- Lot Size Area
- 75794.4
- Lot Size Acres
- 1.74
- Stories
- Yes
Property Features
Building Features:
Free Standing; Rear Access; Separate Office Area; Showroom
Business Type:
Commercial
Ceiling:
Ceiling Height Varies; Exposed; Suspended
Common Area Maintenance Includes:
Exterior Electric; Grounds/Plants; Outside Insurance; Real Estate Tax; Sales Tax; Water
Documents Available:
Copy Of Lease(s); Existing Survey; Title/Abstracts
Electric:
200+ Amp Service; 220 Volts; Separate Meters; Three Phase
Flooring:
Concrete
Heating:
Central Individual; Electric
Location of Property:
Central Business District; City Location; County Location
Possession:
Close Of Escrow
Property Condition:
Resale
Sale Includes:
Building; Land
Sprinkler Description:
Other Sprinkler
Tenant Pays:
Common Area Maintenance; Insurance; Maintenance; Taxes
Construction Materials:
Block; CBS; Concrete
Cooling:
Ceiling Fan(s); Central Individual
Listing Terms:
Cash; Conventional; Trade
Lot Features:
Landscaped
Traffic Type:
Heavy
Roof:
Built-Up; Steel Joist; Other
Security Features:
Fire Alarm; Fire Sprinkler System
Sewer:
Public Sewer
Structure Type:
Retail
Water Source:
Public
Showing Requirements:
24 Hour Notice; Appointment Only; Occupied; Text Listing Agent
Contingencies:
None
Contract Information
- Comp Sale YN
- No
- Listing Contract Date
- 2025-09-01
- Original List Price
- 8750000
Location and Legal
- Country
- United States
- County Or Parish
- Palm Beach
- County Parish Name
- Palm Beach
- Street Number
- 2223
- Street Name
- Palm Beach Lakes
- Street Suffix
- Boulevard
- City Name
- West Palm Beach
- State Or Province
- FL
- Postal Code
- 33409
- Area
- 5410
- Geographic Area
- PB23
- Parcel Number
- 74434319110000030
- Multiple Offers Accepted
- Yes
- Zoning
- GC(cit
- Directions
- Located on the north side of Palm Beach Lakes Boulevard just West of I-95 before Okeechobee Boulevard. Directly next door to Park Avenue Grill and across the street from Twin Peaks.
- Property Description
- Multi-Tenant
Financial Information
- Tax Annual Amount
- 78788.2
- Tax Year
- 2024
- Tax Legal Description
- PALM BEACH COMMERCIAL PL 3 LTS 3 & 4
Status Change Information
- Major Change Timestamp
- 2026-03-25T20:36:47Z
- Major Change Type
- Status Change
- Price Change Timestamp
- 2025-10-14T13:05:27Z
- Status Change Date
- 2026-03-25
- Under Contract Date
- 2025-12-03
- Close Date
- 2026-03-25
- Close Price
- 7675000
- Buyer Financing
- Cash
More Information
Building and Property Details
- # Of Toilets
- 8
- % Air Conditioned
- 100
- Maximum Ceiling Height
- 14
Price Calculations
- Current Price To SqFt
- 303.3
Originating Details
- Originating System Key
- 20250901204547589289000000
- Originating System ID
- M00000170
Currently Not Used
- Number Of Units Total
- 2
Office/Member Information
- DXORIGMLSID
- RML
Electric
- 200+ Amp Service
- Yes
- 220 Volts
- Yes
- Separate Meters
- Yes
- Three Phase
- Yes
Flooring
- Concrete
- Yes
Property Condition
- Resale
- Yes
Documents Available
- Copy Of Lease(s)
- Yes
- Existing Survey
- Yes
- Photos
- Yes
- Title/Abstracts
- Yes
Structure Type
- Retail
- Yes
Tenant Pays
- Common Area Maintenance
- Yes
- Insurance
- Yes
- Maintenance
- Yes
- Taxes
- Yes
Location of Property
- Central Business District
- Yes
- City Location
- Yes
- County Location
- Yes
Possession
- Close Of Escrow
- Yes
Sewer
- Public Sewer
- Yes
Building Features
- Free Standing
- Yes
- Rear Access
- Yes
- Separate Office Area
- Yes
- Showroom
- Yes
Business Type
- Commercial
- Yes
Ceiling
- Ceiling Height Varies
- Yes
- Exposed
- Yes
- Suspended
- Yes
Common Area Maintenance Includes
- Exterior Electric
- Yes
- Grounds/Plants
- Yes
- Outside Insurance
- Yes
- Real Estate Tax
- Yes
- Sales Tax
- Yes
- Water
- Yes
Heating
- Central Individual
- Yes
- Electric
- Yes
Sale Includes
- Building
- Yes
- Land
- Yes
Sprinkler Description
- Other Sprinkler
- Yes
Construction Materials
- Block
- Yes
- CBS
- Yes
- Concrete
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Trade
- Yes
Lot Features
- Landscaped
- Yes
Roof
- Built-Up
- Yes
- Steel Joist
- Yes
- Other
- Yes
Security Features
- Fire Alarm
- Yes
- Fire Sprinkler System
- Yes
Water Source
- Public
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Central Individual
- Yes
- Electric
- Yes
Showing Requirements
- 24 Hour Notice
- Yes
- Appointment Only
- Yes
- Occupied
- Yes
- Text Listing Agent
- Yes
Traffic Type
- Heavy
- Yes
Contingencies
- None
- Yes
Documents
Listing Office:
Keller Williams Realty/P B
Last Updated: March - 25 - 2026
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