209 Military TrlWest Palm Beach, FL 33415

Property Details for 209 Military Trl

Year built

1971

Property size (Sq ft)

15,600 SF

Property type

Mixed-use properties

Property subtype

Lifestyle centers

Description

This exceptional investment opportunity presents a stabilized, mixed-use commercial portfolio comprising two adjacent buildings totaling 15,600 square feet in West Palm Beach, Florida. The property boasts a strong 14.31% cap rate and a substantial net operating income (NOI) of $1,660,390. Currently 100% occupied, the portfolio includes six units, offering a diverse tenant mix including a liquor store, psychic tarot reader, barbershop, upstairs apartment, and billboard advertising, along with a food truck operation. The buildings, constructed in 1971, feature a two-story design with 20-foot ceilings and have undergone recent upgrades, including new roofs and air conditioning systems. Ample parking is available with over 90 spaces. The property sits on a combined lot size of approximately 0.61 to 1 acre and is zoned for general commercial use. Detailed financial statements and surveys are available upon request. This is a rare opportunity to acquire a high-performing, well-located retail portfolio in a thriving Florida market. The property is offered at an asking price of $11,600,000. Individual tenant leases are available for review, with the liquor store operating under a formal lease agreement. Other tenants are on month-to-month agreements but have established long-term occupancy. The property includes two separate parcels: Parcel 1, a single-tenant building located at a separate address, and Parcel 2, a multi-tenant retail building at 209 S Military Trl, West Palm Beach, FL 33415. The property's strong cash flow and prime location make it an ideal investment for discerning buyers seeking a stable and high-return asset.

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.6748

Longitude

-80.1123

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