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North Palm Beach Market – Freestanding Retail 1409 10th St 21,395 SF Retail Building Lake Park, FL 33403 $7,250,000 ($338.86/SF)


INVESTMENT HIGHLIGHTS
- Vacant freestanding retail building in the Lake Park / North Palm Beach corridor.
- Delivered vacant at closing.
- Ideal for owner-user or re-tenanting.
- 21,395 SF open-span showroom layout.
- Limited supply of comparable freestanding buildings in this submarket.
- Strong frontage near Northlake Boulevard.
EXECUTIVE SUMMARY
Freestanding retail building offered for sale with vacant possession at closing, creating an immediate owner-user or re-tenanting opportunity in the North Palm Beach / Lake Park retail corridor.
The property consists of a 21,395 SF single-story building situated on a 1.33-acre site with 32 on-site surface parking spaces. The building is currently configured as a large-format furniture showroom with an open-span interior, providing a highly flexible layout that can accommodate a wide range of retail, medical, fitness, showroom, and service-based commercial uses.
Zoned C1 – Business District, the site allows for a broad spectrum of commercial applications. Ownership currently occupies the building and will vacate upon sale, delivering the asset free of tenancy and ready for immediate occupancy or repositioning.
Located just south of Northlake Boulevard, the property benefits from strong arterial access, surrounding residential density, and limited competing inventory of comparable freestanding retail buildings in this submarket.
This offering presents a rare opportunity to acquire a fee-simple, vacant freestanding retail building in a supply-constrained Palm Beach County corridor with long-term land and redevelopment potential.
The property consists of a 21,395 SF single-story building situated on a 1.33-acre site with 32 on-site surface parking spaces. The building is currently configured as a large-format furniture showroom with an open-span interior, providing a highly flexible layout that can accommodate a wide range of retail, medical, fitness, showroom, and service-based commercial uses.
Zoned C1 – Business District, the site allows for a broad spectrum of commercial applications. Ownership currently occupies the building and will vacate upon sale, delivering the asset free of tenancy and ready for immediate occupancy or repositioning.
Located just south of Northlake Boulevard, the property benefits from strong arterial access, surrounding residential density, and limited competing inventory of comparable freestanding retail buildings in this submarket.
This offering presents a rare opportunity to acquire a fee-simple, vacant freestanding retail building in a supply-constrained Palm Beach County corridor with long-term land and redevelopment potential.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
21,395 SF
Building Class
C
Year Built
1963
Price
$7,250,000
Price Per SF
$338.86
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
1.33 AC
Zoning
C1 - C1 Business District zoning allowing retail, showroom, medical, office, and service commercial uses.
Parking
40 Spaces (1.87 Spaces per 1,000 SF Leased)
Frontage
236’ on 10th St
AMENITIES
- Pylon Sign
- Security System
- Signage
- Air Conditioning
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 36-43-42-20-04-131-0091 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,587,945 |
PROPERTY TAXES
Parcel Number
36-43-42-20-04-131-0091
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,587,945
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North Palm Beach Market – Freestanding Retail | 1409 10th St
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