3951 N Haverhill Rd, West Palm Beach, FL
Shopping Center for Sale - $10,160,000 - 53,200 Sq. Ft. on 4.87 acres
Property Info
CIMLS# | 920923 |
Location 3951 N Haverhill Rd West Palm Beach FL 33417 | |
Updated | August 17th, 2017 |
Type | Shopping Center |
Price | $10,160,000 |
Building | 53,200 Sq. Ft. |
Land | 4.87 acres |
Property Description
This property consists of a two-story multi-tenant retail center with 29 retail bays and 13 offices . A 53,200 square foot retail strip center Palm Gate Plaza offers an investor a highly visible, well-designed strip center, located on a major commercial artery, in an established and densely populated area of West Palm Beach.
Location Description:
A 53,200 square foot retail strip center Palm Gate Plaza offers an investor a highly visible, well-designed strip center, located on a major commercial artery, in an established and densely populated area of West Palm Beach. Palm Gate Plaza has historically maintained high occupancy levels with consistently strong demand for space in this very healthy retail submarket.
Highlights:
>> Palm Gate Plaza is strategically located on North Haverhill Road, a heavily-trafficked corridor serving all of Palm Beach County. Residents, businesses and commuters utilize heavily traveled N. Haverhill Road.
>> The Tenant mix at Palm Gate Plaza is comprised of strong national brands including Dollar General and United Pharamacy Insurance, along with a nice mixture of established local businesses. Additionally, the tenant mix is diversely represented by retail, food, services, professional offices and medical, providing stability to the income stream.
>> Palm Gate Plaza has enjoyed historically high occupancy levels that are supported by a young, densely populated middle income residential demographic profile. The population within a three mile radius is 72,526 with an average household income of $48,885 and an average age of 42.0.
>> Most tenants enjoy outstanding visibility and sign recognition to busy North
>> Haverhill Road with 30,300 vehicles per day passing the subject property.
>> New upgraded lighting system
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** This property also has spaces available for lease.