3677 23rd Avenue S B107, Lake Worth Beach, FL 33461 (MLS# R11133808)

3677 23rd Avenue S B107, Lake Worth Beach, FL 33461

$1,500,000
Property Type: Commercial Sale Square Footage: 4,348 Status: Active
Current Price: $1,500,000 List Date: 10/20/2025 Last Modified: 4/09/2026

Overview

Description

21st Century light industrial condo for investor who wants easy income. This property has all concrete exterior walls, impact resistant glass doors and windows, wind tested overhead doors and new roof systems all in place. Interior has offices and restrooms already built. Tenant has a 5-year lease with two 5-year options with first year return of over 5% and rent increases annually. PERFECT for investor since this is a sale-leaseback with a well-established pharma company. If you have a 1031 Buyer, please bring them here - easy income/ownership since Association takes care of everything outside and Tenant takes care of everything inside. Property is in a park-like setting and is fenced and gated. New roof, newly sealed and painted buildings, and reserves in place.

Listing Details MLS# R11133808

General Property Information

Property Sub Type
Mixed Use
Number Of Units Total
2
Building Area Main
4348
Building Area Source
Plans
Year Built
2007
Lot Size Area
174240
Lot Size Acres
4
Stories
Yes

Property Features

Building Features: Meeting Room(s); Overhead Door(s); Private Restroom(s); Rear Access; Separate Office Area Business Type: Residential Ceiling: Ceiling Height Varies Common Area Maintenance Includes: Exterior Electric; Management Fees; Outside Insurance; Sewer; Water Documents Available: Aerial Photo(s); Bylaws & Documents; Copy Of Lease(s); Existing Survey Electric: Three Phase Flooring: Concrete Heating: Other Location of Property: City Location; Commerce Park Possession: Seller Rent Back Property Condition: Resale Sprinkler Description: Other Sprinkler Zoning Information: Use Conforms To Zoning Tenant Pays: Cable TV; Electricity; Janitorial Service; Repairs Construction Materials: Concrete Listing Terms: Cash; Lease Back Lot Features: Landscaped Roof: Built-Up Security Features: Fire Alarm; Fire Sprinkler System; Gated - No Guard; Security Fence; Smoke Detector(s) Sewer: Public Sewer Special Information: City Jurisdiction; Corporate Owned Structure Type: Flex; Office; Warehouse Water Source: Public Showing Requirements: 24 Hour Notice; Alarm System; Appointment Only; Call Listing Agent; Listing Agent Must Accompany; Occupied; Text Listing Agent

Contract Information

Comp Sale YN
No
Original List Price
1560000
Negotiable Seller Concessions YN
No

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
3677
Street Name
23rd
Street Suffix
Avenue
Street Direction Suffix
S
Unit Number
B107
City Name
Lake Worth Beach
State Or Province
FL
Postal Code
33461
Area
5660
Geographic Area
PB19
Parcel Number
38434420280021070
Multiple Offers Accepted
No
Zoning
LTI
Directions
I95 to 10th Avenue North in Lake Worth, exit and head west to Boutwell Road. Turn left onto Boutwell to 7th Avenue and turn right. Go to 23rd and turn left and Marlin is around the corner on right
Property Description
Lt. Industrial condo

Financial Information

Association Fee
14640
Association Fee Frequency
Annually
Tax Annual Amount
16371
Tax Year
2024
Tax Legal Description
MARLIN COMMERCE CENTER CONDOMINIUM UNITS B107 & B108

Remarks and Miscellaneous

Public Historical Remarks
Building Type: Y, Miscellaneous: Y

More Information

Status Change Information

Major Change Timestamp
2025-12-24T05:49:49Z
Major Change Type
Price Reduced
Price Change Timestamp
2025-12-24T05:49:49Z
Status Change Date
2025-10-20

Building and Property Details

# Of Toilets
2
% Air Conditioned
20
Maximum Ceiling Height
20

Meter Information

Number Of Meters Total
2

Price Calculations

Current Price To SqFt
344.98

Originating Details

Originating System Key
20251020163944924910000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Three Phase
Yes

Flooring

Concrete
Yes

Property Condition

Resale
Yes

Documents Available

Aerial Photo(s)
Yes
Bylaws & Documents
Yes
Copy Of Lease(s)
Yes
Existing Survey
Yes
Photos
Yes

Structure Type

Flex
Yes
Office
Yes
Warehouse
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes
Janitorial Service
Yes
Repairs
Yes

Location of Property

City Location
Yes
Commerce Park
Yes

Possession

Seller Rent Back
Yes

Sewer

Public Sewer
Yes

Special Information

City Jurisdiction
Yes
Corporate Owned
Yes

Zoning Information

Use Conforms To Zoning
Yes

Building Features

Meeting Room(s)
Yes
Overhead Door(s)
Yes
Private Restroom(s)
Yes
Rear Access
Yes
Separate Office Area
Yes

Business Type

Residential
Yes

Ceiling

Ceiling Height Varies
Yes

Common Area Maintenance Includes

Exterior Electric
Yes
Management Fees
Yes
Outside Insurance
Yes
Sewer
Yes
Water
Yes

Heating

Other
Yes

Sprinkler Description

Other Sprinkler
Yes

Construction Materials

Concrete
Yes

Listing Terms

Cash
Yes
Lease Back
Yes

Lot Features

Landscaped
Yes

Roof

Built-Up
Yes

Security Features

Fire Alarm
Yes
Fire Sprinkler System
Yes
Gated - No Guard
Yes
Security Fence
Yes
Smoke Detector(s)
Yes

Water Source

Public
Yes

Cooling

Electric
Yes

Showing Requirements

24 Hour Notice
Yes
Alarm System
Yes
Appointment Only
Yes
Call Listing Agent
Yes
Listing Agent Must Accompany
Yes
Occupied
Yes
Text Listing Agent
Yes

Documents

Listing Office: Christina Morrison PA
IDX
Last Updated: April - 09 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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