Excellent value-add investment opportunity in riviera beach! This 4,146 sf neighborhood retail center consists of five approximately 860 sf units on a 0. 31-acre parcel with dg zoning. Currently 80% occupied with four established tenants and one vacant unit, offering immediate upside through lease-up. Existing tenants are on modified gross leases with 5% annual rent increases and reimbursement provisions for utilities and operating expense increases. The property has recently undergone exterior improvements, including a fresh building repaint and newly re-striped parking lot, enhancing curb appeal and reducing near-term capital needs. Current gross income exceeds $64,000 annually with the potential to increase significantly by leasing the remaining vacancy. Long-term leases provide stable.. Long-term leases provide stable cash flow while contractual rent escalations drive future noi growth. Conveniently located near major thoroughfares, residential neighborhoods, and ongoing redevelopment throughout riviera beach. Ideal opportunity for investors seeking in-place income with clear value-add potential.
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*Private Mortgage Insurance - included if downpayment is less than 20% of mortgage.
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| Name | Address | Type | # of Students | Grades | Distance |
|---|---|---|---|---|---|
| Potentials Charter School | 1201 AUSTRALIAN AVE | public | 27 | PK - 8 | 0.16 mi |
| Lincoln Elementary School | 1160 AVENUE N | public | 358 | PK - 5 | 0.21 mi |
| West Riviera Elementary School | 1057 W 6TH ST | public | 487 | PK - 5 | 0.26 mi |
| Dr. Mary Mcleod Bethune Elementary | 1501 AVENUE U | public | 540 | PK - 5 | 0.9 mi |
| Time 2 Win Academy | 2600 AVE H W | private | 9 | PK - 2 | 0.99 mi |
| R J Hendley Christian Community School | 2800 RJ HENDLEY AVE | private | 80 | PK - 8 | 1.12 mi |
| Alternative Program Central | 1041 45TH ST | public | 13 | 4 - 12 | 1.2 mi |
| Bethel Junior Academy | 2850 AVE F | private | 82 | PK - 8 | 1.27 mi |
| Washington Elementary Magnet School | 1709 W 30TH ST | public | 253 | PK - 5 | 1.34 mi |
| Palm Beach Regional Detention Center | 1100 45TH ST STE A | public | 46 | 4 - 12 | 1.38 mi |
| The Learning Center At The Els Center Of Excellence | 18370 LIMESTONE CREEK RD | public | 148 | PK - 8 | 1.39 mi |
| Our Sacred Academy Inc. | 5841 CORPORATE WAY | private | 11 | 1 - 9 | 1.44 mi |
| Highridge Family Center | 4400 N AUSTRALIAN AVE | public | 17 | 3 - 12 | 1.48 mi |
| Northmore Elementary School | 4111 N TERRACE DR | public | 628 | PK - 5 | 1.5 mi |
| Ephesus Adventist Academy | 4011 N SHORE DR | private | 61 | PK - 11 | 1.52 mi |
| Riviera Beach Preparatory & Achievement Academy | 7071 GARDEN RD | public | 156 | 5 - 12 | 1.56 mi |
| The Foundations School At Center For Creative Educ | 2400 METROCENTRE BLVD | private | 41 | PK - 3 | 1.68 mi |
| Lake Park Elementary School | 410 3RD ST | public | 389 | PK - 5 | 1.83 mi |
| Northboro Elementary School | 400 40TH ST | public | 783 | PK - 5 | 1.89 mi |
| Lake Park Baptist School | 625 PARK AVE | private | 172 | PK - 8 | 1.94 mi |
| Coastal Middle & Sr High School | 730 5TH ST | private | 54 | 5 - 12 | 1.99 mi |
| His Academy/institute | 1259 10TH ST | private | 12 | 2 - 10 | 2.25 mi |
| Baldwin Prep School | 200 CASTLEWOOD DR | private | 109 | PK - 12 | 2.58 mi |
| Pleasant City Elementary School | 2222 SPRUCE AVE | public | 330 | PK - 5 | 2.78 mi |
| University Preparatory Academy Palm Beach | 2101 N. AUSTRALIAN AVE | public | 286 | KG - 8 | 2.79 mi |
| The Conservatory School At North Palm Beach | 401 ANCHORAGE DR | public | 901 | PK - 9 | 2.85 mi |
| Grove Park Elementary School | 8330 N MILITARY TRL | public | 511 | PK - 5 | 2.92 mi |
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