2725 Hillsboro Road,West Palm Beach, FL 33405
West Palm Beach, FL 33405
Description
Current owner purchased the warehouse in January 2019 to house a private art collection. When purchased, the warehouse was shell stripped of all power. The renovation completed a year and a half later in August 2020. Renovated to Chubb's specifications, the warehouse has a new TPO roof, 10 new quiet air HVAC units, 3 commercial dehumidifiers, (Pre Action sprinkler system), all new power (600 AMPS; 3 panels/208 each), a full building natural gas generator, Carbon monoxide detection/ventilation system and an interior loading dock. 2 ADA bathrooms and an ADA entry/exit ramp. Renovation completed August 2020. The property has 4 parking spaces in front and there is an on-going lease with FLA DOT lot (adjoining the property) about 15,000 SF with a 5-year lease at $6,500/year. The Lease has a 5-year option to renew with approval from FDOT. DISCLAIMER: The written and verbal information provided including but not limited to prices, measurements, square footages, lot sizes, calculations and statistics have been obtained and conveyed from third parties such as the applicable Multiple Listing Service, public records as well as other sources. All information including that produced by the Sellers or Listing Company are subject to errors, omissions or changes without notice and should be independently verified by any prospect for the purchase of a Property. The Sellers and Listing Company expressly disclaim any warranty or representation regarding all information. Prospective purchasers' use of this or any written and verbal information is acknowledgement of this disclaimer and that Prospects shall perform their own due diligence. Prospective purchasers shall not rely on any written or verbal information provided when entering a contract for sale and purchase. Some affiliations may not be applicable to certain geographic areas.
Details
| MLS # | B26058215 |
|---|---|
| Listing Type | For Sale |
| Style | Industrial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 43 |
| Listing Provided By | Douglas Elliman | Burton S. Minkoff PA |
Features
| SQ Feet | 20,467 |
|---|---|
| Story(s) | 1 |
| Units | 1 |
| Zoning | I-INDUSTRIAL |
| Acreage | 0.51 |
Exterior
| Lot Features | Less Than One Acre |
|---|
Taxes
| Tax Annual Amount | 63435 |
|---|
Area Information
| State | FL |
|---|---|
| County | Palm Beach |
| City | West Palm Beach |
| Zip Code | 33405 |
| Area | 5450 |
| Subarea | Palm Beach 5400; 5410; 5450 |
| Listing VS Median (in 33405) | |
Price: $8,995,000 low | high Med: $524,500 sqft: 20,467 low | high Med: 976 $ / sqft: $439 low | high Med: $537 On site: 43 low | high Med: 48 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Palm Beach |
| City | West Palm Beach |
| Zip Code | 33405 |
| Area | 5450 |
| Subarea | Palm Beach 5400; 5410; 5450 |
| Listing VS Median (in 33405) | |
Price: $8,995,000 low | high Med: $524,500 sqft: 20,467 low | high Med: 976 $ / sqft: $439 low | high Med: $537 On site: 43 low | high Med: 48 | |