For Sale
$1,900,000

3141 Military Trl Lake Worth, FL 33463

23-Unit Office Building, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a well-maintained, two-story Class B office complex located at 3141 S Military Trail in Lake Worth, Florida. The property, built in 1983 and renovated in 2000, encompasses 8,830 square feet across one building and offers 23 individual office suites. Currently, 22 of the 23 units are occupied, demonstrating strong tenant demand and a high occupancy rate. The property features ample parking with 27 spaces available for tenants and guests. The lease structure is a gross lease, simplifying management and providing predictable income streams. The building is situated on a lot with no recorded square footage. The asking price for this turnkey investment is $1,900,000. Annual rent bumps are set at 4%, ensuring consistent growth in rental income. This property presents a rare opportunity to acquire a stable, high-occupancy office complex in a desirable location within Palm Beach County, Florida, with a zip code of 33463. The property's strong performance and potential for future appreciation make it an attractive addition to any investment portfolio. The property is classified as Special Purpose.

Highlights

  • 22 occupied offices, with only one remaining office available for lease.
  • High-demand location with strong tenant occupancy.

Property Details for 3141 Military Trl

Property type
Specialty properties
Square Feet
8,830 SF
Class
B
Year Built/Renovated
1983/2000
Buildings
1
Stories
2
Units
23

Location Insight

City
Lake Worth
County
Palm Beach
State
Florida
Latitude
26.631266
Longitude
-80.1136762

FAQs

What type of property is this?
Specialty property - 23-Unit Office Building, High Occupancy
Where is the specialty property located?
The property is located at 3141 Military Trl Lake Worth, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 22 occupied offices, with only one remaining office available for lease.; High-demand location with strong tenant occupancy.;
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3141 Military Trl
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