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2422 N Military Trl 4,950 SF Vacant Industrial Building West Palm Beach, FL 33409 $4,800,000 ($969.70/SF)
Executive Summary
Income-Producing Commercial Property and Vacant Land Opportunity – 1.47 Acres
Excellent investment opportunity to acquire two combined parcels at 2422 N Military Trail and 4382 Annette Street in West Palm Beach, Florida. The offering includes an approximately 4,950-square-foot commercial building and an adjoining vacant parcel, totaling approximately 1.47 acres.
The commercial building currently generates approximately $96,000 in annual rental income. With established long-term tenants in place, the property may offer significant potential for future rental increases toward current market rates, subject to existing lease terms and applicable requirements.
The adjoining vacant parcel includes a cell phone tower that generates an additional approximately $72,000 per year. The balance of the land remains vacant, providing potential opportunities for expansion, additional parking, storage, future construction, or redevelopment, subject to zoning, tower lease restrictions, easements, and governmental approvals.
Together, the building and cell tower generate approximately $168,000 in total annual income, offering investors immediate cash flow with multiple opportunities for long-term growth and value enhancement.
Conveniently located along the established N Military Trail corridor near major roadways, businesses, shopping, residential communities, and other local amenities.
Contact Dwayne Barrett today for additional information or to schedule a private property tour.
Excellent investment opportunity to acquire two combined parcels at 2422 N Military Trail and 4382 Annette Street in West Palm Beach, Florida. The offering includes an approximately 4,950-square-foot commercial building and an adjoining vacant parcel, totaling approximately 1.47 acres.
The commercial building currently generates approximately $96,000 in annual rental income. With established long-term tenants in place, the property may offer significant potential for future rental increases toward current market rates, subject to existing lease terms and applicable requirements.
The adjoining vacant parcel includes a cell phone tower that generates an additional approximately $72,000 per year. The balance of the land remains vacant, providing potential opportunities for expansion, additional parking, storage, future construction, or redevelopment, subject to zoning, tower lease restrictions, easements, and governmental approvals.
Together, the building and cell tower generate approximately $168,000 in total annual income, offering investors immediate cash flow with multiple opportunities for long-term growth and value enhancement.
Conveniently located along the established N Military Trail corridor near major roadways, businesses, shopping, residential communities, and other local amenities.
Contact Dwayne Barrett today for additional information or to schedule a private property tour.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Bus Line
- Fenced Lot
- Signage
- Air Conditioning
Utilities
- Water
- Sewer
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 00-42-43-24-10-000-0260 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $678,665 |
Property Taxes
Parcel Number
00-42-43-24-10-000-0260
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$678,665
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2422 N Military Trl