Single Tenant Net Lease Retail 1128 N Federal Hwy Local commercial 338 m² À vendre Lake Park, FL 33403 809 400 € (2 394,81 €/m²)

This property consists of a 4,300 SF CBS retail building is situated on .52 acres at the southeast corner of Kalmia Drive and Federal Highway in Lake Park, FL. It has been outfitted as a commercial kitchen and has been in continuous operation since 2002. It serves clients throughout the greater Palm Beaches.
The property has excellent curb appeal and is in good condition. The parking area surrounding the building has recently been resealed and stripped and the building has been repainted.
The interior is also I good condition and is the total responsibility of the tenant which has just renewed its lease for another five years through August 2030. The leased remises includes a long list of restaurant and kitchen equipment list elsewhere in this brochure.
The immediate area along Federal Highway surrounding the property is a mix of businesses including a large retail auto dealer and a number of smaller retail properties. Lake Park is undergoing a renaissance. Recent developments in include the multi-story Forest Development condominium property several blocks to the south along Federal Highway. Also, a new residential development has just broken ground to the east of this property along Northlake Blvd. A broad mix of single and multi-family residential properties complete the area to the east and west of the Federal Highway retail corridor.