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8132 Okeechobee Blvd

3,922 SF Vacant Retail Building West Palm Beach, FL 33411 $2,350,000 ($599/SF) 5.43% Cap Rate

Executive Summary

Great owner occupy or investment. 3,922 SqFt freestanding building part of a POA. Currently divided into 2 units with adjoining doors if needed. Unit A (2,320sqft) is vacant but fully built out as a doctors office with 5 exam rooms, nurse station, receiving/accounting, waiting room, executive office and 2 bathrooms. Unit B (1,600sqft) is occupied built out as professional office but has plumbing in the walls so it can easily convert to medical. Cross access parking lot with parking in the front and rear of the building. Unit B tenant is willing to vacate. Current leases are NNN.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,922 SF
Building Class
C
Year Built
2006
Price
$2,350,000
Price Per SF
$599
Cap Rate
5.43%
NOI
$127,672
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.56
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
MUPD - Retail, Medical, Office
Parking
40 Spaces (10.2 Spaces per 1,000 SF Leased)
Frontage
69 FT on Okeechobee Blvd

Amenities

  • Bus Line
  • Pylon Sign
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • A
  • 2,322 SF
  • Medical
  • -
  • Now

Second generation medical space. Ready for immediate occupancy. 5 exam rooms with sinks. 1 executive office with 2 additional offices/rooms. Kitchenette. Nurse station. Receiving/accounting area. Large waiting room. 2 bathrooms.

  • b
  • 1,600 SF
  • Medical
  • -
  • Now

Was a former doctors office. Built out for professional office but plumbing still in the walls. 5 private offices, reception area, kitchenette, bathroom, data room, file area, storage. Space is still occupied but can vacate quickly. Some furnishings included.

Space Size Space Use Position Available
A 2,322 SF Medical - Now
b 1,600 SF Medical - Now

A

Size
2,322 SF
Space Use
Medical
Position
-
Available
Now

b

Size
1,600 SF
Space Use
Medical
Position
-
Available
Now

A

Size 2,322 SF
Space Use Medical
Position -
Available Now

Second generation medical space. Ready for immediate occupancy. 5 exam rooms with sinks. 1 executive office with 2 additional offices/rooms. Kitchenette. Nurse station. Receiving/accounting area. Large waiting room. 2 bathrooms.

b

Size 1,600 SF
Space Use Medical
Position -
Available Now

Was a former doctors office. Built out for professional office but plumbing still in the walls. 5 private offices, reception area, kitchenette, bathroom, data room, file area, storage. Space is still occupied but can vacate quickly. Some furnishings included.

Nearby Major Retailers

Regions Bank
9round Fitness
Seacoast Bank
Starbucks
Publix Super Markets

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
74-42-43-29-30-009-0000
Land Assessment
$200,343
Improvements Assessment
$780,605
Total Assessment
$951,979
  • Listing ID: 34235202

  • Date on Market: 12/18/2024

  • Last Updated:

  • Address: 8132 Okeechobee Blvd, West Palm Beach, FL 33411

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