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Key Details
Sold Price $2,000,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID F10434730
Sold Date 09/10/24
HOA Y/N No
Total Fin. Sqft 15246
Year Built 1968
Tax Year 2023
Lot Size 0.349 Acres
Property Description
Situated on a generous .35-acre lot, this property features a spacious freestanding building 3,464 square feet, currently a restaurant. Lease is set to expire April 2025.
Strategically located on Dixie Hwy, the property boasts excellent visibility with approximately 22,500 daily vehicle impressions. Convenient access is provided entry point between 6th and 10th Ave, intersecting with US-1 just to the south.
The surrounding area is characterized by a vibrant commercial landscape, with prominent neighbors including a Publix and Burger King. Research shows that residents of this area frequently visit Quick Service Restaurants as they cater to their preferences. Investors with QSR contacts can explore net ground lease opportunities, providing flexibility in maximizing returns.
Location
State FL
County Palm Beach County
Area Palm Beach 5600; 5610; 5620; 5630; 5640
Zoning MU-DH (city)
Exterior
Water Access N
Private Pool No
Others
Pets Allowed No
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Bought with KW Reserve Business Brokerage LLC