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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
  • Style
  • Year Built1983
  • Taxes40805
  • Price$ 2,950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage50050
  • 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.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
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

Acreage Description 1+ To 2 Acres
Approximate Lot Size 1.1490
Area 5410
Improvement Height Com 2 Stories
Prop Type Typeof Building Free Standing, Office Space
Property Sq Ft 50050
Property Type Commercial/Industrial
Status Active
Subdivision Number 1
Year Built 1983
Zoning Information I (city)

Interior Features

Electric Service 110 Volts Power
Interior Ceiling Height 12.0000

Exterior Features

Door Height Door Ht 10-12'
Flood Zone AE, X
Lot Sq Footage 50050
Address Internet Display 5725 Corporate Way
Addresson Internet 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • 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 $540K
$2.95M
Taxes
AVG $15,257
$40,805
Visits
AVG 37
96
Year Built
AVG 1978
1983
Walkscore
AVG 52
29
Data Provided by Walkscore ® not using MLS data

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