400 NW Avenue L 3,066 SF 97% Leased Retail Building Belle Glade, FL 33430 $495,000 ($161.45/SF)

The subject property is in the city of Belle Glade in Palm Beach County, Florida. Known for its rich agricultural heritage and unique location near lake Okeechobee. The city is approximately 45 miles west of west palm beach and is accessible via several major highways.
Established in the early 20th century, the economy of Belle Glade is primarily driven by agriculture. Sugarcane, corn, lettuce, and other vegetables are major crops grown in the area. Packing plants, processing facilities, and distribution centers form a significant part of the local industry, supporting both employment and export.
Car wash with four handwash and one automatic bay. All infrastructure in place Sewer and Electrical capabilities. Currently the car wash is not in use and instead the property is used as a car's sales lot, oil change and tire rotation.
The subject property is rented on a yearly basis. The tenant pays $4,750 per month. If the lease agreement is renewed it will include a 5% increase based on the previous year rental rate.
Other uses: Filling stations; Neighborhood stores; Business offices; Marina, bait and tackle sales; Off-street parking facilities; Motor vehicle sales only; Mobile home sales only; Motor vehicle repair services.