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
Taxes
Visits
Year Built
Walkscore
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