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1620-1628 Avenue E

Riviera Beach, FL 33404

$750,000

Freestanding For Sale  •  4,391 Sq Ft

Property Details

  • Property Type Freestanding
  • Total Building Size 4,391 Sq Ft
  • Lot Size 0.5 ac
  • Building Class C
  • Year Built 2006
  • Cap Rate 5.76 %
  • Tenancy Multiple
  • Zoning CG
33 Transit Score
57 Walk Score

Description

Investment Property in the path of progress. The property has undergone extensive renovations, including Brand New Roof, Central HVAC, Interior Tile, exterior facade, Hurricane / Accordion Security Shutters and much more. Building consists of 5 units, all of which are leased to small churches. There is a waiting list to get into this property.

*** OWNER IS A BROKER AND IS WILLING TO CONTINUE DOING MANAGEMENT AND LEASING FOR NEW BUYER.

Retail Building on Avenue E, soon to be US Highway 1. Located 2 blocks South of the 8-story BB&T Bank building.and just West of the former Larry Smith Electronics Building.

Highlights

Street Retail
Brand new roof & central A/C
On future US Hwy 1
Affordable ownership
high cap rate

Property Flyers

Financial Summary (Actual)

Net Operating Income: $43,000 (2016)
Cap Rate: 5.76 %

Amenities

  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Mangonia Park Commuter Rail (Tri-County Commuter) 8 min - 2.5 mi
West Palm Beach Commuter Rail (Tri-County Commuter) 15 min - 5.4 mi
AirportDriveWalkDistance
Palm Beach International Airport 22 min - 9.1 mi

Parking Details

Parking Available: No
Reserved: No
Type: CoveredTandem
Included in Rent: Yes
H. Alan Welles 561-744-8900 H. Alan Welles Real Estate LLC
H. Alan Welles 561-744-8900 H. Alan Welles Real Estate LLC