3600 Broadway - Loft/Creative Space FOR SALE


West Palm Beach, FL 33407
$1,200,000 USD
561-339-3485
3600 Broadway, West Palm Beach, FL for Sale
$1,200,000 USD
Loft/Creative Space - FOR SALE
1/17
null | 5.9% Cap Rate

3600 Broadway
West Palm Beach, FL 33407


HIGHLIGHTS

  • Beautiful building in an excellent location on US 1
  • Off street parking
  • Opportunity zone

OVERVIEW

3600 Broadway owned by Deep Horizon Broadway LLC, which is owned by Michael Danchuk 561-339-3485. Corner of 35th and Broadway. Building was originally built as a hotel in 1930 and was converted to offices by City of West Palm Beach. Located in Broadway Opportunity Zone. Zoned BMUD-I-Broadway Mixed use. Currently being used as a office complex with upstairs as recreation and living area. Building 6448 square feet AC Total Space. Ist floor 5286 square feet, 2nd floor 1162 square feet. Land .287 acres. 1st floor twelve individual 150 square foot offices and one 300 square foot office and 1 managers office about 150 square foot. Lunch area with refrigerator, sink, microwave and lounge. Conference room. Reception area. 2nd floor was 4 offices now used as one recreation area (billiard room) and one sleeping/lounge area with bathroom. 18 off street parking spots. Gated courtyard. Roof 3 years. AC between 1 and 3 years. Both central and split units. Most of upstairs windows replaced with impact windows. Some downstairs windows also impact. Cap rate between 4.8% and 5.8% conservatively. Current rental income $7,400/month.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$186 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

OC

APN/PARCEL ID

74-43-43-09-05-028-0130

ASK ABOUT THIS PROPERTY

Michael DanchukDeep Horizon Realty IncMore Info
561-339-3485

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Michael DanchukDeep Horizon Realty IncMore Info
561-339-3485

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.