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Address
5725 Corporate Way West Palm Beach, FL
Price
$ 2,950,000
Property Attributes
  • MLS#A10560492
  • TypeCommercial
  • CountyPALM BEACH
  • CityWest Palm Beach
  • Area5410
  • Zip33407
  • StyleOffice
  • Year Built1983
  • Taxes40805
  • Price$ 2,950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.15 Acres
Listing Provided Courtesy Of:
RE/MAX 5 Star Realty
Property Description

This Luxury office building located at 5725 Corporate Way West Palm Beach Florida. The physical property consists of 19,452 sf of leasable space well situated on a large 1.149 acre lot. Features include professional marble lobby entrance, elegant finishes, high end tenant offices, ample parking, and much more. Building is in excellent overall condition. This property is currently 81% occupied with only three vacancies. It is currently grossing $263,650.86 annually netting $140,653.43. Pro-forma figures project a gross operating income will be $394,226 netting $257,286 a year. This NOI will yield an investor a 9% CAP. This property also works very well for an owner user. Call for additional information.

Price History
10/24/2018 Listed $3,800,000
11/20/2018 12% - $3,360,000
1/24/2019 13% - $2,950,000

General Features

MLS Area 5410
Property SubType Office
Property Type Commercial Sale
Zoning Description I (city)

Interior Features

Electric 110 Volts

Exterior Features

Lot Size Area 1.15
Lot Size Square Feet 50050
Structure Type Office

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33407

Price
AVG $800K
$2.95M
Taxes
AVG $12,508
$40,805
Visits
AVG 29
224
Year Built
AVG 1982
1983
Walkscore
AVG 55
29
Data Provided by Walkscore ® not using MLS data

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