Office - Flex Condo by Downtown WPB
1335 Old Okeechobee Rd, ste 500
West Palm Beach, FL 33401-6830
Map Listing...
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Property Type:
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Office
for Sale
Flex Space
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| Building Size (RSF): |
3,200 SF
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| Sale Price: |
$385,000 |
| Unit Price: |
$120.31 Per SF |
| Ceiling: |
20 ft. |
| Docks/Doors: |
2 Doors |
| Building Name: |
Australian Trade Center Condo |
| Property Status: |
Existing |
| Class of Space: |
Class A |
| Gross Building Area (GBA): |
3,200 SF |
| Total Land Size: |
2.16 Acres |
| Sale Terms: |
Cash to Seller |
| Last Updated: |
7/7/2010 |
This is a 2004 commercial condo that has been demised into two halves with offices in the 'street' side and warehouse areas in the rear. This unique setup provides an excellent opportunity for an owner to have an additional income by having a tenant occupy part of the bay. One side (500-A) is approx. 2,100 sf, including the mezzanine, and has a built out lunch room with an extra office. The Other side (500-B) is approx. 1,100 sf and includes 700 sf of warehouse in the rear. Both halves have separate bathrooms. There is an 800 sf air conditioned and carpeted mezzanine above the offices.
The condo has two large rollup doors in the back, unlike its neighboring condos, and the warehouse portions in the rear have 20 foot clear height.
Some present neighbors include Halsey Griffith Office Supplies, Palm Beach Copy Service, Euro Asian Blades Inc, Digi Print, an Engineering company, and Mold Solutions, Inc., OT Services, Inc. (Office Cleaning business).
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| Nearest MSA: |
Miami-Fort Lauderdale-Pompano Beach |
| County: |
Palm Beach |
| Tax ID Number/APN: |
74-43-43-28-28-000-0050 |
| Property Use Type: |
Vacant/Owner-User |
| Zoning: |
Commercial Condo |
| Market Type: |
Medium |
| Property Located Between: |
Australian and Belvedere off of Mercer |
| Side of Street: |
Northwest |
| Road Type: |
2-Track |
| Property Visibility: |
Excellent |
| Highway(s) Access: |
Australian Drive; I-95, Belvedere Rd, Okeechobee Rd.
The complex is built on Old Okeechobee rd, which is off of Mercer. Mercer intersects Australian to the north and west, and Belvedere on the south end. |
| Airports: |
Palm Beach International (PBI) |
| Site Description: |
total building area is almost 30,000 sf, consisting of twelve condos. They are not all exactly the same size. |
| Area Description: |
The condo faces heavily-trafficked Australian Avenue and is very visible. Signage is visible from Australian. The site is very convenient to the heart of downtown West Palm Beach, and is well-situated for access from Palm Beach island as well. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
2,400 |
| Year Built: |
2004 |
| Roof Type: |
Folded Plate |
| Construction/Siding: |
Concrete - Tilt up |
| Exterior Description: |
Stucco, with attractive colors and signature accents, creating a pleasant, businesslike external appearance. |
| Parking Ratio: |
3.02 |
| Parking Type: |
Surface |
| Parking Description: |
Assigned parking. This unit 500 has a total of five spaces, the owner having purchased additional. |
| Total Parking Spaces: |
88 |
| Heat Type: |
Electricity |
| Air Conditioning: |
Package Unit |
| Internet Access: |
DSL |
| Interior Description: |
Two nicely built out office areas, one with lunchroom and additional office. Both sides with bathrooms. Both sides with warehouse areas and roll up door (and mandoor) in rear. 800 sf mezzanine, carpeted and usable as a large bullpen, or offices or storage. |
| Legal Description: |
Australian Trade Center Condominium Unit 5 |
| Real Estate Taxes - Annual($): |
$8,192 |
| Tax Value Year: |
2009 |
| Tax Value Improvements: |
$327,061 |
| Assessment Year: |
2010 |
| Assessed Value - Total($): |
$7,600 |
2000 CensusDemographic Statistics |
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
10,173 |
74,833 |
195,579 |
| Median Age: |
35 |
36 |
37 |
| Households: |
4,251 |
30,815 |
81,329 |
| Avg. Household Income: |
$40,606 |
$62,939 |
$54,937 |
| More Demographic Statistics |
For More Information, Contact… |
| Note: The information presented herein is provided as is, without warranty of any kind. Neither REALTORS® Commercial Alliance - Palm Beaches nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
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