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Investment Highlights

  • A Corner Building with Three Tenants: A Property Retailer, A Business Services Center, and an Eat-in Take-out Restaurant.
  • Ideal for drive-in business. Tenants on month-to-month lease agreements
  • Potential additional rent of approximately $1,100/month from vacant unit
  • Multiple Tenant retail sales: Strip Shopping Center
  • Existing retail and restaurant income Retail tenant at 201 SW Avenue B paying $1,100/month Restaurant tenant at 116 SW 2nd Street paying $799/month
  • Suitable for retail, office, service, and restaurant users Diversified tenant mix

Executive Summary

Income-producing mixed-use commercial property available in the heart of Belle Glade's established business district. Located at 201 SW Avenue B and 116 SW 2nd Street, this offering presents an opportunity to acquire a multi-tenant retail and restaurant property with existing cash flow and upside through lease stabilization.
The property consists of approximately 4,630 square feet and includes retail, office, and restaurant uses. Currently, the retail space at 201 SW Avenue B is leased at $1,100 per month, while the restaurant space at 116 SW 2nd Street is leased at $799 per month. The adjacent retail space at 205 SW Avenue B is currently vacant and offers immediate leasing potential with projected rental income of approximately $1,100 per month, creating additional upside for investors.
Tenants are currently operating on month-to-month lease agreements, providing flexibility for a new owner to adjust rents, renegotiate lease terms, or reposition the property to maximize value. The property's central location within Belle Glade's commercial corridor offers convenient access for customers and businesses while serving the surrounding residential population.
This is an attractive opportunity for investors seeking a value-add commercial asset with existing income, leasing upside, and a diversified tenant mix in western Palm Beach County.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,363 SF
Building Class
C
Year Built/Renovated
1977/2023
Price
$550,000
Price Per SF
$126.06
Tenancy
Single
Building Height
1 Story
Building FAR
0.65
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
C2 - Commercial Business: Active Restaurant and a Drygoods store, and Business Services Offices
Parking
5 Spaces (1.15 Spaces per 1,000 SF Leased)
Frontage
50’ on 201 SW Avenue B, Belle Gl

Amenities

  • Bus Line
  • Corner Lot
  • Restaurant
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Nearby Major Retailers

Bank of America
PNC Bank
Bravo Supermarkets

Property Taxes

Property Taxes

Parcel Number
04-37-43-31-01-033-0116
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$197,349
  • Listing ID: 28589220

  • Date on Market: 5/26/2023

  • Last Updated:

  • Address: 201 SW Avenue B, Belle Glade, FL 33430

Contact the Sale Advisor

SW Avenue B Building | 201 SW Avenue B

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