12010 Us HwyNorth Palm Beach, FL 33408

Property Details for 12010 Us Hwy

Year built

2002

Property size (Sq ft)

5,991 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional retail property, located at 12010 US Highway #1 in North Palm Beach, Florida, presents a rare investment opportunity. Priced at $4,300,000 with a 7.00% cap rate, this single-tenant building boasts 5,991 square feet of space and is currently 100% occupied under a NNN lease with one year remaining. Built in 2002, the building features high ceilings on both the first and second floors, an elevator, and ample parking. A significant advantage is its location in the heart of North Palm Beach, offering unparalleled access to Palm Beach County's most prestigious communities, including Lost Tree, Seminole Landing, and several renowned golf clubs. The property's .41-acre lot backs onto a navigable waterway, enhancing its appeal and providing a unique waterfront aspect. A balcony overlooks the canal leading to Little Lake Worth. The building's design is highly functional and adaptable to various uses, making it an attractive investment for discerning buyers. This is a first-time-to-market offering of a well-maintained, luxury commercial building in a highly desirable location. The zip code is 33408.

Location Insight

City

North Palm Beach

County

Palm Beach

State

Florida

Latitude

26.8527

Longitude

-80.0578

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