Status: Available

Key metrics

Asking price: $8,500,000

Building size: ±6,703 sf (Palm Beach County)

Price per building sf: ≈ $1,268

Land: 9,977 sf, ±90' frontage on E Atlantic Ave

Zoning: CBD (Central Business District)

Units: 10: 6 retail, 1 office, 3 apartments

Current NOI: $317,134

Cap rate at ask: ≈ 3.7%

Parking: 10 spaces

Folio: 12-43-46-16-28-002-0032

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Highlights

• 100% leased per the current rent roll; 2027 projected NOI $338,734 (≈ 4.0% cap)

• CBD zoning with ±90' of frontage on East Atlantic Avenue, one block from the beach

• Hold for income or redevelop using the existing 5-retail/5-condo architectural concept

• Diverse tenant mix of retail, office and residential

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Description

A two-story mixed-use building of ±6,703 sf on 9,977 sf of CBD-zoned land on East Atlantic Avenue, one block from the beach. Ten units (six retail, one office, three apartments) produce $317,134 in current NOI. Investors can hold for income and appreciation; developers can work from an existing concept for five retail spaces and five luxury condominiums. Offered at $8,500,000. Listed by Apollo Investment & Real Estate Holdings. Rent roll and financials provided with the OM.

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Request the OM / Schedule a tour: Chris Nicotra, (561) 716-8090, apollorealestatellc@gmail.com