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510 OCEAN Ave 3,460 SF of Retail Space Available in Boynton Beach, FL 33435
Highlights
- Fully equipped kitchen, furniture, fixtures, and equipment included
- Established customer base and neighborhood presence
- Outdoor seating area supports enhanced dining experiences.
- Approximately 4 years remaining on existing lease
- Located along Boynton Beach's active Ocean Avenue corridor.
- Walkable downtown location near waterfront destinations.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 105 | 3,460 SF | 2-5 Years | $24.00 /SF/YR $2.00 /SF/MO $83,040 /YR $6,920 /MO | Triple Net (NNN) |
1st Floor, Ste 105
Exceptional opportunity to acquire a fully built-out, second-generation Mexican restaurant in a prime location. Paloma is being offered as a lease takeover with a full asset sale, allowing a new owner to walk in fully equipped and operational from day one. The restaurant features approximately 2,860 square feet of interior dining space plus an additional 600 square feet of outdoor patio seating, creating an inviting atmosphere for both everyday dining and high-volume service periods. The space is thoughtfully designed and equipped for continued restaurant operations with an established layout, kitchen infrastructure, furnishings, and operational systems already in place. There are approximately four years remaining on the current lease with a supportive landlord, offering stability and a smooth transition for an incoming operator. Known for its handcrafted Mexican cuisine and popular Happy Hour offered Monday through Saturday, the restaurant has established itself as a recognizable neighborhood dining destination with strong customer appeal and a turnkey operational setup. Ideal opportunity for an experienced restaurateur, hospitality group, or entrepreneur seeking a fully operational restaurant with immediate revenue potential and minimal startup downtime.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- Turnkey restaurant space established buildout
- Outdoor seating component
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 3,460 SF | Gross Leasable Area | 3,460 SF |
| Property Type | Retail | Year Built | 2017 |
| Property Subtype | Restaurant |
| Total Space Available | 3,460 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 3,460 SF |
| Year Built | 2017 |
About the Property
Position your restaurant concept in the heart of downtown Boynton Beach at 510 E Ocean Avenue, a fully built-out second-generation restaurant opportunity available for immediate occupancy. Located along the city's active Ocean Avenue corridor, the property benefits from a walkable coastal setting surrounded by established dining, retail, entertainment, and residential uses that generate consistent activity from both local residents and visitors. The available space offers a turnkey restaurant environment that can help reduce startup time and accelerate opening timelines. Its location near the Intracoastal Waterway and Ocean Avenue's collection of shops, restaurants, and community destinations places operators within one of Boynton Beach's most recognizable commercial districts. The surrounding area attracts beachgoers, residents of nearby condominium and multifamily communities, and patrons attending local events and waterfront activities. The combination of established restaurant infrastructure, outdoor seating potential, and a downtown location creates an appealing opportunity for restaurateurs seeking visibility, customer accessibility, and a vibrant business environment. With immediate availability and frontage along a well-known local corridor, the property is well positioned for operators looking to expand or establish a presence in coastal Palm Beach County.
Nearby Major Retailers
