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1973 10th Ave N
Lake Worth Beach, FL 33461 Outer Greenacres

$2,300,000 USD

Distribution Condo For Sale  •  7,200 SF

Property Details

  • Property Type Distribution
  • Total Building Size 37,532 SF
  • Lot Size 0.5 AC
  • Building Class B
  • Year Built 1985
  • Cap Rate 6.22 %
  • Tenancy Multiple
  • Zoning MU-W
30 Transit Score
50 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1973-1975 Industrial 7,200 SF $2,300,000 USD
  • Unit Size: 7,200 SF
  • Condo Use: Industrial
  • Price: $2,300,000 USD
  • Sale Type: Investment
  • Price/SF: $319.44 USD
Description
Price range between $2.3M to $2.4M - (Motivated Seller) Great opportunity to OWN 2 Commercial Warehouses Combined into 1. This property 1973 & 1975 10th Ave North 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 tenant, national automotive wholesaler occupying the building. The lease ends in Nov of 2026. Tenant would like 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 Palm Beach International Airport. This is a great opportunity for an owner, landlord, investor, 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 23 FT. Ceiling Height. Buyer to confirm.

Sale Notes
Call Now to schedule Active Showings, 
Price range between $2.3M to $2.4M (MOTIVATED SELLER). Great Class A Warehouse with 23 ft. Ceiling Height, 2 Bay Doors, Bathroom, Front Entry Door, Office Space, Excellent Location, One Minute off of I 95 and Minutes to PBI Airport,  Great for Owner/ User, 1031 Exchange, or landlord.  (Seller adding dollars to the monthly rent) Excellent Long Term National Tenant in Place.  Call Today Active Showings.

Description 

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.
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.

Highlights

2 combined units, Very clean
23 ft. hi ceilings, 1 Front entrance and 2 Rear Bay Door Entrances
close proximity to I 95
close proximity to PBI airport
Price range between $2.3M to $2.4M

Financial Summary

Cap Rate: 6.22 %
Total Expenses: $23,080 USD

Major Tenants

Tenant SF Occupied Lease End Date
TPH HOLDINGS LLC 7,200 SF 10/31/2026

Amenities

  • Yard
  • Reception
  • Fluorescent Lighting
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Lake Worth Beach Station (Mangonia Park - Miami Airport - Tri-Rail) 4 min - 1.5 mi
Boynton Beach Station (Mangonia Park - Miami Airport - Tri-Rail) 11 min - 6.2 mi
AirportDriveWalkDistance
Palm Beach International 12 min - 6.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Ross Kuflik 631-532-9189 Compass Fort Lauderdale
Ross Kuflik 631-532-9189 Compass Fort Lauderdale