Price Reduction - Waterfront
Address
505 Northwood Road West Palm Beach, FL
Price
$ 1,600,000
Property Attributes
  • MLS#RX-10674149
  • TypeCommercial
  • CountyPALM BEACH
  • CityWest Palm Beach
  • Area5420
  • NeighborhoodNorthwood
  • Zip33407
  • StyleRetail,Mixed,Industrial
  • Year Built1947
  • Taxes21448
  • Price$ 1,600,000
  • Bedrooms0
  • Full Bathrooms7
  • Half Bathrooms0
  • Sqr Footage7654
Listing Provided Courtesy Of:
Anderson & Carr
Property Description

Excellent investment opportunity in trendy Northwood Area of West Palm Beach. This sale includes a total of 4 adjacent buildings containing a total of +/-7,654 SF and 7 units. The property is fully occupied with the majority of the tenants on short term leases at below market rents. There is ample on-site and street parking available. There are a number of proposed developments in the Northwood Area including the a project at the city-owned Anchor Site, at the western terminus of Northwood Road, that will include about 350 apartments as well as offices, shops and possibly a grocery store. Additionally, the City of West Palm Beach plans to invest $8 million rejuvenating Currie Park along the waterfront to the east of the subject property. Meanwhile developer Jeff Greene is planning

Price History
11/25/2020 Listed $1,700,000
1/18/2021 6% - $1,600,000

General Features

Area 5420
Auction No
Built Desc Resale
Construction CBS
Cooling Ceiling Fan, Central, Wall-Win A/C
Flooring Vinyl Floor, Laminate, Tile
For Lease No
Geo Area PB20
Geo Lat 26.735177
Geo Lon -80.055077
Heating Central, Window/Wall
Legal Description NORTHWOOD ADD LOTS 38 TO 44, BLOCK 50
Location City
Misc. Coffee shop, Kitchen Facilities
Misc. Private Restroom, Traffic Pedestrian, Storage, Reception Area, Rear Access
Possession At Closing
Property Type E
Roof Built-Up
Status Active
Stories 1.0
Subdivision NORTHWOOD
Tax Year 2020
Tenant Pays Electric, Insurance, Repairs, Water
Terms Considered Cash, Conventional
Type Mixed Use
Type Of Building Commercial, Restaurant, Office Space, Office/Retail, Office/Professional, Medical, Industrial / Mfg, Income
Use Retail, Mixed, Industrial
Utilities Public Sewer, Public Water
Virtual Tour https://www.propertypanorama.com/505-Northwood-Road-West-Palm-Beach-FL-33407/unbranded
Year Built 1947
Zoning NMUD

Interior Features

Total Number of Units 7
Unit 1: Unit Desc Shops
Unit 2: Unit Desc Shops
Unit 3: Unit Desc Shops
Unit 4: Unit Desc Shops

Exterior Features

Sale Includes Building and Land
Lot Size 0.36
Property Desc Northwood Assemblage

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • 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 $600K
$1.6M
Taxes
AVG $12,968
$21,448
Visits
AVG 67
46
Year Built
AVG 1977
1947
Walkscore
AVG 57
85
Data Provided by Walkscore ® not using MLS data

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