Bought with EXP Realty LLC
$6,650,000
$6,500,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
1850 Forest Hill BLVD West Palm Beach, FL 33406
14 Baths
52,463 SqFt
Key Details
Sold Price $6,650,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 52,463 sqft
Price per Sqft $126
Subdivision Fla-Mango Grovelets
MLS Listing ID RX-11101773
Year Built 1981
Annual Tax Amount $209,638
Tax Year 2024
Lot Size 4.210 Acres
Property Sub-Type Office
Property Description
VALUE-ADD OFFICE COMPLEX. First time on market. Prime corner location on Forest Hill Blvd. 4 parcels totaling 4.21 acres with 3 buildings and 52,463 rentable SF. Significant upside potential through professional management. Increase NOI immediately by leasing 76,227+ SF of available space and enforcing CAM recovery clauses. Major long-term growth opportunity by marking significant below-market rents to current rates as leases roll over. Recent major capital improvements de-risk the investment. Ideal for a 1031 exchange or long-term investor seeking substantial equity creation.
Location
State FL
County Palm Beach
Area 5470
Zoning LC(cit
Interior
Heating Central Individual, Electric
Cooling Central Individual, Electric
Flooring Other
Fireplaces Type Smoke Alarm, Sprinkler
Exterior
Utilities Available Cable, Electric, Public Sewer, Public Water, Separate Meter, Septic
Roof Type Comp Rolled
Building
Story 100.00
Foundation CBS
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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