$700,000
Sold · July 31, 2026
1620 Avenue E
West Palm Beach, FL
Explore the area: West Palm Beach homes for sale · Palm Beach County real estate
Sale Summary
What this home sold for
- Sold price
- $700,000
- Vs. list price
- 6.7% under
- Days on market
- 13
- Price per sq ft
- N/A
This commercial property sold for $700,000 on July 31, 2026. That was 6.7% below its final list price of $750,000. It spent 13 days on the market.
Listing Snapshot
- Sold Price
- $700,000
- Sold On
- July 31, 2026
- Days on Site
- 13 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 4,146 sqft
- Lot Size
- 0.31 Acres
- Year Built
- 1966
- Property Type
- Commercial
- MLS #
- B26045046
- Property Tax
- $7,511 (2025)
- County
- Palm Beach
- Status
- Sold
- Special Conditions
- Standard
About This Property
Excellent value-add investment opportunity in Riviera Beach! This 4,146 SF neighborhood retail center consists of five approximately 860 SF units on a 0.31-acre parcel with DG zoning. Currently 80% occupied with four established tenants and one vacant unit, offering immediate upside through lease-up. Existing tenants are on Modified Gross leases with 5% annual rent increases and reimbursement provisions for utilities and operating expense increases. The property has recently undergone exterior improvements, including a fresh building repaint and newly re-striped parking lot, enhancing curb appeal and reducing near-term capital needs. Current gross income exceeds $64,000 annually with the potential to increase significantly by leasing the remaining vacancy. Long-term leases provide stable.. Long-term leases provide stable cash flow while contractual rent escalations drive future NOI growth. Conveniently located near major thoroughfares, residential neighborhoods, and ongoing redevelopment throughout Riviera Beach. Ideal opportunity for investors seeking in-place income with clear value-add potential.
MLS media linkGeneral Features
- Property Type
- Commercial
- Status
- Sold
- Year Built
- 1966
- Property Condition
- Resale
- Number of Stories
- 1
- Levels
- One
- Parking
- Common / Free Parking
- Lot Size (Acres)
- 0.31
- Total Sq Ft
- 4,146
- Structure Type
- Retail
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- CG (city)
Interior Features
- Cooling
- Central Air / Ceiling Fans
- Heating
- Central
- Flooring
- Ceramic Tile / Laminate
Exterior Features
- Construction
- Block / Concrete / Stucco
- Roof
- Built Up / Flat
- Lot Features
- Corner Lot / Quarter To Half Acre Lot
Community & HOA
- Community Features
- Sidewalks
- Security
- Fire Alarm / Smoke Detectors / Security Lights
- Utilities
- Cable Available / Electricity Available / Sewer Available / Water Available
- Financing Terms
- Cash / Conventional / Other
- MLS Area
- 7070
About the Area
West Palm Beach homes for sale range from $200K downtown condos to $8,000,000 Intracoastal estates, more ground than most buyers expect. Clematis Street condos start in the low $200Ks. Northwood Village bungalows trade in the $400K to $600K range. El Cid and Flamingo Park have 1920s to 1940s Mediterranean Revival homes at $500K to $1,200,000. Newer 3-bedroom homes along Forest Hill and Southern Boulevards stay under $450K. South End waterfront estates run $3,000,000 to $8,000,000. The city covers 55 square miles as Palm Beach County's seat. Palm Beach International Airport is 3 miles out. Fort Lauderdale is under 40 minutes via I-95.
- Homes for Sale
- 1,787
- Under Contract
- 585
- Median List Price
- $324,900
- Median Sale Price (September)
- $385,000
- Median $/Sq Ft
- $248
- Avg Days on Market
- 119
Frequently Asked Questions
- How do I schedule a tour of 1620 Avenue E, West Palm Beach, FL?
- Use the Tour button on this listing to request a showing of 1620 Avenue E, West Palm Beach, FL. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 1620 Avenue E, West Palm Beach, FL still available?
- 1620 Avenue E, West Palm Beach, FL is currently listed as Sold, and has been on the market 13 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 1620 Avenue E, West Palm Beach, FL?
- With 20% down ($150,000) on the $750,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1620 Avenue E, West Palm Beach, FL is about $3,942/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 1620 Avenue E, West Palm Beach, FL?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1620 Avenue E, West Palm Beach, FL. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 1620 Avenue E, West Palm Beach, FL?
- Often, yes. The right offer on 1620 Avenue E, West Palm Beach, FL depends on how it's priced against comparable commercial sales in West Palm Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Keller Williams Realty/P B
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 25, 2026.
$700,000
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Listed by Thomas Sinner, Keller Williams Realty/P B
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