Property Listing No Longer Available for Sale

MILITARY TRAIL, WEST PALM BEACH, FL

Shopping Center for Sale - $15,000,000 - 140,000 Sq. Ft. on 15 acres


Property Info

CIMLS#66192
Location
  MILITARY TRAIL
  WEST PALM BEACH FL 33415
UpdatedJune 25th, 2012
TypeShopping Center
Price$15,000,000
Building140,000 Sq. Ft.
Land15 acres

Property Description

The shopping center consists of 5 folio numbers including a shopping center, a big box (former Target) leased to Sunshine Flea market, Arby's outparcel , Jimmis Cafe outparcel and 63,000 sq. ft. land ready to develop a shopping center.

The shopping center has a true upside potential to significantly increase profit for the new owner. The store building used to be Target and can be rented to a large single tenant again. Outparcels can be sold separately. Vacant land is zoned to build a 35,000 sf shopping center. The property is located within the redevelopment area and the city of West Palm beach is giving incentives on improving the area. They will reduce parking requirements, allow taller height, etc. Please see Master plan from the city. Please note that master plan was developed in 2005 when residential developments were popular and the city suggests that. The city says that based on the current market conditions they would like to see retail/office development on this site. (Brochure#20595)

FOR MORE INFORMATION, PLEASE CONTACT RANDY NORTH 954-483-0909 OR OLGA ROSADO 305-962-7186 / 954-455-3366


Financials