639 E Ocean Avenue, 202, Boynton Beach, FL 33435
$300,000
Property Type:
Commercial Lease
Baths:
2
Status:
Active
Current Price:
$300,000
Last Modified:
6/09/2023
Description
Great Investment. Great Investment. 2 OF 3 units available fully rented at $1745, and $3568/month. 1200 Sq Ft open floor plan x 4. This boutique office building sits in the center of the flourishing Boynton Beach Downtown area with multiple future developments on the rise. Conveniently located next to restaurants, shopping, and residential dwellings, this completely renovated suite is an ideal location. Have 4 units for sale .
Assoc pays water bill, sewer, trash, wind insurance, fire insurance, E&O insurance; Dues $600/quarter per unit. Flood insurance paid by unit owners with a mortgage.
Owners pay electric and cable / phone. This land is a target for redevelopment.
Make great CAP Rate until buyout offer comes. Seller will take BTC
More Information MLS# RX-10628863
Contract Information
Status: Active
Original List Price: 449000
Auction: No
List Price: $300,000
Current Price: $300,000
Listing Date: 2020-06-08
Comm/Non-Rep: 2%
Comm/Buyer Agent: 2%
Comm/Trans Brk: 2%
General Property Description
Type: Office
For Sale: Yes
For Lease: Yes
Property Desc: Office
Subdivision: FIRST FINANCIAL PLAZA CONDO
Year Built: 1980
Built Desc: Resale
SqFt Source: Tax Rolls
# of Stories: 4
Total Units: 38
Baths - Total: 2
Acres: 2
% Air Conditioned: 100
Ann Assoc/Condo Dues: 200
Location, Tax & Legal
Area: 4210
Geo Area: PB12
County: Palm Beach
Parcel ID: 08434527500002020
Street #: 639
Street Dir: E
Street Name: Ocean
Street Suffix: Avenue
Unit #: 202
State/Province: FL
Zip Code: 33435
Zoning: CBD(ci
Legal Desc: FIRST FINANCIAL PLAZA COND UNIT 202
Tax Year: 2019
Real Estate Taxes: 3302.8
Geo Lat: 26.527985
Geo Lon: -80.056755
Remarks & Misc
Directions: Ocean Avenue and Federal (US1)
Office/Member Info
DXORIGMLNO: RX-10628863
DXORIGMLSID: RML
Building Info
# of Offices: 35
Miles to Beach: 1
Monetary Info
Gross Sched Income: 20400
Total Expenses: 2400
Source of Expenses: Books
Expenses
Common Area Maint: 2400
Property Features
Use: Income; Professional Office; Other
Type of Building: Commercial; Commercial Condo; Medical; Office Space; Office/Professional; Office/Retail
Sale Includes: None
Avail Docs: None
Avail Info: None
Flooring: Other
Cooling: Central Individual
Heating: Central Individual
Fire Protect: Smoke Alarm
Tenant Pays: Cable; Electric
Utilities: Public Water
Roof: Other
Terms Considered: Cash; Cryptocurrency; Exchange; Lease Option; Lease Purchase
Lease: Annual
Documents
Flyer ›Listing Office: Highlight Realty Corp/LW
Last Updated: June - 09 - 2023
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