1973 10th Ave N

7,200 SF Industrial Condo Unit Offered at $2,200,000 in Lake Worth Beach, FL 33461

Investment Highlights

  • 2 combined units, Very clean
  • close proximity to I 95
  • 23 ft. hi ceilings, 1 Front entrance and 2 Rear Bay Door Entrances
  • close proximity to PBI airport

Executive Summary

Great opportunity to own 2 combined commercial warehouses industrial/flex combined into one. This property 1973 & 1975 10th Ave N in Lake Worth Beach, Fl, offers 7200 sq ft functional warehouse space, and an air conditioned storefront. Property has 2 bay doors, a bathroom, and estimated 23 ft ceiling height. There is currently a long standing national automotive wholesaler occupying the building. The lease ends in Nov of 2026. The class A property is in excellent condition and location as it's near I 95 and major PBI airport. This is a great opportunity for an owner/user or investment or 1031 exchange. Value add opportunity as well as MOTIVATED SELLER Driving Directions: I 95 exit 10th Ave North, head west property will be a short distance on the south side. Broker Confidential: Please schedule online to show. This listing is for 2 warehouses combined into one. 1973 and 1975 unit numbers. All sizes are approximate including ceiling height. Buyer to confirm.

Property Facts

Price $2,200,000
Unit Size 7,200 SF
No. Units 1
Total Building Size 37,532 SF
Property Type Industrial (Condo)
Property Subtype
Distribution
  • Flex Showroom
  • Industrial Warehouse
Sale Type Investment
Building Class B
Floors 1
Typical Floor Size 37,532 SF
Year Built 1985
Lot Size 0.50 AC
Sale Conditions 1031 Exchange

1 Unit Available

Unit 1973-1975

Unit Size 7,200 SF
Price $2,200,000
Price Per SF $305.56
Condo Use Industrial
Sale Type Investment
Cap Rate 6.50%
NOI $143,000
No. Parking Spaces 2
Sale Conditions 1031 Exchange
APN/Parcel ID 38-43-44-21-43-000-0150
Description

Great opportunity to own 2 commercial warehouses combined into one. This property 1973 & 1975 10th Ave N in Lake Worth Beach, Fl,offers 7200 sq ft functional warehouse space, and an air conditioned storefront. Property has 2 bay doors, a bathroom, and estimated 23 ft ceiling height. There is currently a long standing national automotive wholesaler occupying the building. The lease ends in Nov of 2026. Tenant would lie to renew, but it will be at new owners discretion.  The class A property is in excellent condition and location as it's near I 95 and major airports. This is a great opportunity for an owner 1 user or investment, or 1031 exchange.
Driving Directions: I 95 off 10th Ave. North, head west for a short distance, property is on south side. Bays are in middle of strip center.
Broker Confidential: Please schedule online to show. This listing is for 2 warehouses combined into one. 1973 and 1975 unit numbers. All sizes are approximate including ceiling height. Buyer to confirm.

Sale Notes

Call Now to schedule Active Showings,Great class A warehouse with 23 ft. Hi ceilings, two bay doors,  bathroom, Front Entry door, small office, Excellent location , minutes off I 95 and minutes to PBI Airport,  Great for Owner/ User or landlord. MOTIVATED SELLER. (Seller adding dollars to the monthly rent)

Major Tenant Information

TENANT SF OCCUPIED LEASE END DATE
TPH HOLDINGS LLC 7,200 SF October 2026

Amenities

  • Yard
  • Reception
  • Fluorescent Lighting
  • Air Conditioning

Utilities

  • Lighting
  • Water
  • Sewer
  • Heating

zoning

Zoning Code MU-W (MU-W-,IXED USE WEST (38-LAKE WORTH BEACH))
  • Listing ID: 33001954

  • Date on Market: 8/29/2024

  • Last Updated:

  • Address: 1973 10th Ave N, Lake Worth Beach, FL 33461