Property Listing No Longer Available for Sale

639 East Ocean Avenue, Boynton Beach, FL

Office for Sale - $1,125,000 - 6,000 Sq. Ft.


Property Info

CIMLS#1084816
Location
  639 East Ocean Avenue
  Boynton Beach FL 33435
UpdatedNovember 20th, 2020
TypeOffice
Price$1,125,000
Building6,000 Sq. Ft.

Property Description

639 E Ocean Ave. Suite 202-203-406-407-409

Five (5) commercial units for sale in a Building with 35 total units. All Commercial. Each unit is 1,200 SF. Rent on each unit is $1,700/month. Each unit has 2 Half Baths. One unit has a shower. All units are built out. Unit 202-203 were built out in 2017. Units 406-407 were upgraded in 2016. Unit 409 was remodeled in 2019.

2 units are on month to month leases, remaining units are on 1-2 year leases.

The rent in the building has stayed at $1,700 per month for each unit for several years.

Each unit is individually for sale; i.e., a buyer could buy 1, 2, 3, 4, or 5 units.

Maintenance is $600 per quarter, per unit. Includes building insurance, maintenance, water and sewer. Renters pay all electricity, phone, cable, internet, etc. The only other expense is PBC Property tax ~$3,000 per unit per year.

SHOWINGS

Usually professional offices are closed on weekends. But you can knock, no problem. I can set up something during the week with a little notice.

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Financials

See above



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