1620 Avenue E, West Palm Beach, FL 33404
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1620 Avenue E, West Palm Beach, FL 33404
1620 Avenue E, West Palm Beach, FL 33404
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Marlon Persaud

Marlon Persaud

+1(407) 760-9778
$ 750,000
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1620 Avenue E West Palm Beach, FL 33404

4,146 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 4,146 sqft

Price per Sqft $180

MLS Listing ID B26045046

HOA Y/N No

Year Built 1966

Annual Tax Amount $7,510

Tax Year 2025

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Retail

Property Description

Excellent value-add investment opportunity in Riviera Beach! This 4,146 SF neighborhood retail center consists of five approximately 860 SF units on a 0.31-acre parcel with DG zoning. Currently 80% occupied with four established tenants and one vacant unit, offering immediate upside through lease-up. Existing tenants are on Modified Gross leases with 5% annual rent increases and reimbursement provisions for utilities and operating expense increases. The property has recently undergone exterior improvements, including a fresh building repaint and newly re-striped parking lot, enhancing curb appeal and reducing near-term capital needs. Current gross income exceeds $64,000 annually with the potential to increase significantly by leasing the remaining vacancy. Long-term leases provide stable.. Long-term leases provide stable cash flow while contractual rent escalations drive future NOI growth. Conveniently located near major thoroughfares, residential neighborhoods, and ongoing redevelopment throughout Riviera Beach. Ideal opportunity for investors seeking in-place income with clear value-add potential.

Location

State FL

County Palm Beach

Area 7070

Direction Heading South on Broadway from Blue Heron Blvd. Make a right on W 17th Street heading west. Property is on your left, on the corner of Ave E and W 17th.

Interior

Heating Central

Cooling Central Air, Ceiling Fan(s)

Flooring Ceramic Tile

Exterior

Exterior Feature None

Utilities Available Cable Available, Electricity Available, Water Available, Sewer Available

Roof Type Built-Up,Flat,Tile

Street Surface Paved

Total Parking Spaces 20

Private Pool Yes

Building

Lot Description <1 Acre, Corner Lot, 1/4 to 1/2 Acre Lot

Story 1

Foundation Slab

Sewer Not Connected (at lot), Public Sewer, Other

Water Public

Level or Stories One

Structure Type Block

Others

Senior Community No

Restrictions Zoning Restrictions

Tax ID 56434233040060130

Ownership Corporation

Security Features Fire Alarm,Security Lights,Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/1620-Avenue-E-West-Palm-Beach-FL/unbranded

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Keller Williams Realty/P B

NEARBY SCHOOL & BUSINESS

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Marlon Persaud

Marlon Persaud

Agent | License ID: SL3362985

+1(407) 760-9778

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1620 Avenue E