Agent profile image in chat bubble
Agent profile image in chat header

Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

Agent profile image in message

1620 Ave E , West Palm Beach, FL 33404
$750,000
Est. Payment: $3,785.31/mo
0 Bed
0 Bath
4146 Sqft
Status: active with contingency | Days on site: 13
Get Pre-Qualified
VCR-C15903466 - VCR-C159091383,VCR-C159052275

By providing your number, you are expressly consenting, in writing, to receive telemarketing and other messages, including calls or texts at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply. Text STOP to cancel.

This site is protected by reCAPTCHA and the GooglePrivacy Policy and Terms of Service apply.

House Description

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.

Highlights

Listed by Thomas Sinner , 862-324-3094 Keller Williams Realty/P B , 561-656-2929. REALTOR Association of Greater Miami and the Beach

Property Type

Commercial Sale

Lot/Acreage
0.31

Year Built

1966

County

Palm Beach

Area

7070

Listing ID

B26045046

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central Air,Ceiling Fan(s)
Fireplaces:
Floor:Ceramic Tile
Other:Public

Exterior Features

Lot:<1 Acre,Corner Lot,1/4 to 1/2 Acre Lot
Garage Capacity:20
Zoning:CG (city)
Roof:Built-Up,Flat,Tile
Sewer:Not Connected (at lot),Public Sewer,Other
Parking Features:Common,Free Parking
Principal Interest
$3,785
Taxes
$626

Home Price

$750,000

Loan Details

30 yrs
6.482%

Down Payment

20%
$150,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,785.31

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,785.31 $625.83 $0.00 $4,411.14
Yearly $45,423.70 $7,510.00 $0.00 $52,933.70
Total $1,362,710.99 $225,300.00 $0.00 $1,588,010.99

Today's Rates

30 Year

6.48%

20 Year

6.26%

15 Year

5.94%

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Aug 2026

Average Price

All Price Ranges
N/A
Aug 2026

Average Days on Market

All Price Ranges
N/A
Aug 2026
Market insight data is pulled from the same city as the listing being viewed (West Palm Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by REALTOR Association of Greater Miami and the Beach, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-02T05:56:59.000Z

© 2026 REALTOR Association of Greater Miami and the Beach