1850 Forest Hill Boulevard Photo 1
Sold

1850 Forest Hill Boulevard

Fla-mango Grovelets, West Palm Beach, FL 33406

$6,650,000
  • 52,463 Sqft

1850 Forest Hill Boulevard
Fla-mango Grovelets, West Palm Beach, FL 33406

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West Palm Beach / FL

Office HIGHLIGHTS

  • Listing Status

    Sold

  • Property Type

    Commercial Sale, Office

  • Living Area

    52,463 Sqft ($124/Sqft)

  • Total Area

    52,463 Sqft ($124/Sqft)

  • Subdivision

    Fla-mango Grovelets

  • Central AC

    Yes

  • Year Built

    1981

Listing courtesy of Klaus Sinn of EXP Realty LLC.

VALUE-ADD OFFICE COMPLEX. First time on market. Prime corner location on Forest Hill Blvd. 4 parcels totaling 4.21 acres with 3 buildings and 52,463 rentable SF. Significant upside potential through professional management. Increase NOI immediately by leasing 76,227+ SF of available space and enforcing CAM recovery clauses. Major long-term growth opportunity by marking significant below-market rents to current rates as leases roll over. Recent major capital improvements de-risk the investment. Ideal for a 1031 exchange or long-term investor seeking substantial equity creation.

  • Acres

    4.21 Acres

  • Bathrooms Total

    14

  • Listing Status

    Sold

  • Living Area

    52,463 Sqft

  • MLS #

    Rx-11101773

  • Property Type

    Office

  • Subdivision

    Fla-mango Grovelets

  • Year Built

    1981

  • Security Features

    Smoke Detector(s)

  • Building Area Total

    52463

  • Total Number of Units

    44

  • Total Stories

    2

  • Year Built

    1981

  • Subdivision

    FLA-MANGO GROVELETS

  • Zoning

    LC(cit

  • Zoning Description

    LC(cit

  • Roof

    Rolled/Hot Mop

  • Annual Taxes

    $209,638

  • Tenant Pays

    Sewer, Water

  • Cooling

    Yes - Central Air

  • Heating

    Yes - Central, Electric

  • Sewer

    Public Sewer, Septic Tank

  • Utilities

    Cable Available

  • Water Source

    Public

in US Dollars

%

Total/Month

  • Principal & Interest
  • Property Taxes (monthly) $17,470

 *The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.

1850 Forest Hill Boulevard

Location

Nearby Points of Interest

  • Dupuytren Research Group

    Health Care, Independent

  • Eaton, Charles J MD

    Health Care, Independent

  • Palm Springs Chiro & Wellness

    Health Care, Independent

  • Soothing Massage

    Health Care, Independent

  • Concepts in Eldercare

    Health Care, Independent

Data courtesy of LocalLogic.co

Lake Clarke Shores
Neighborhood

Lake Clarke Shores

Lake Clarke Shores is a scenic community in central Palm Beach County, recognized for its peaceful atmosphere and waterfront setting. The neighborhood is centered around Lake Clarke and a network of canals, offering opportunities for...

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1850 Forest Hill Boulevard

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