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    505 Northwood Road

    West Palm Beach, FL 33407
    • $1,600,000
    • STATUS: Active Under Contract
    • ON SITE: 101 days
    • MLS #: RX-10674149
    Under Contract
    $1,600,000
    • 0
      BEDS
    • 0.36
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,654
      SQFT
    • $209
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1947
    County:

    School Ratings & Info

    Description

    Excellent investment opportunity in trendy Northwood Area of West Palm Beach. This sale includes a total of 4 adjacent buildings containing a total of +/-7,654 SF and 7 units. The property is fully occupied with the majority of the tenants on short term leases at below market rents. There is ample on-site and street parking available. There are a number of proposed developments in the Northwood Area including the a project at the city-owned Anchor Site, at the western terminus of Northwood Road, that will include about 350 apartments as well as offices, shops and possibly a grocery store. Additionally, the City of West Palm Beach plans to invest $8 million rejuvenating Currie Park along the waterfront to the east of the subject property. Meanwhile developer Jeff Greene is planning

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    www.ewm.com/homes/112215065
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    505 Northwood Road West Palm Beach, FL 33407

    • Price: $1,600,000
    • Status: Active Under Contract
    • MLS #: RX-10674149
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.36
    Acres
    7,654
    SQFT
    $209
    $/SQFT
    1947
    Built
    Neighborhood:
    Northwood
    County:
    Palm Beach
    Area:
    West Palm Beach
    Property Description
    Excellent investment opportunity in trendy Northwood Area of West Palm Beach. This sale includes a total of 4 adjacent buildings containing a total of +/-7,654 SF and 7 units. The property is fully occupied with the majority of the tenants on short term leases at below market rents. There is ample on-site and street parking available. There are a number of proposed developments in the Northwood Area including the a project at the city-owned Anchor Site, at the western terminus of Northwood Road, that will include about 350 apartments as well as offices, shops and possibly a grocery store. Additionally, the City of West Palm Beach plans to invest $8 million rejuvenating Currie Park along the waterfront to the east of the subject property. Meanwhile developer Jeff Greene is planning
    Exterior Features

    Construction Cbs Miles To Beach 8 Miles To Expressway 3 Roof Built-Up Waterfront YN No

    Interior Features

    Bath Toilets 7.00 Cooling Ceiling FanCentralWall-Win A/C Flooring LaminateTileVinyl Floor Heating CentralWindow/Wall Miscellaneous1 Coffee ShopKitchen Facilities Miscellaneous2 Private RestroomRear AccessReception AreaStorageTraffic Pedestrian Percent Air Conditioned 100.00 Unit1 Unit Desc Shops Unit2 Unit Desc Shops Unit3 Unit Desc Shops Unit4 Unit Desc Shops

    Property Features

    Available Docs None Available Info Investment AnalysisPhotos Built Desc Resale Contingent Contingent Contingents Other Fire Protection Smoke AlarmSmoke Detector For Lease No For Sale Yes Lease AnnualMonth To Month List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location City Meters 4.00 Possession At Closing Sale Includes Building And Land Tax Amount Real Estate Taxes 21448.00 Tax Year 2020 Tenant Pays ElectricInsuranceRepairsWater Tenants 7 Terms Considered CashConventional Type Of Building CommercialIncomeIndustrial / MfgMedicalOffice SpaceOffice/ProfessionalOffice/RetailRestaurant Unit1 Units 1 Unit2 Units 2 Unit3 Units 1 Unit4 Units 3 Use IndustrialMixedRetail Utilities Public SewerPublic Water

    Listing provided courtesy of Anderson & Carr. Listing information © 2021 BeachesMLS
     
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