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Polina Wittmann

polina.wittmann@engelvoelkers.com +1(305) 497-6508

Listed by EXP Realty LLC

$ 6,500,000

Est. payment -/mo

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1850 Forest Hill BLVD West Palm Beach, FL 33406

14 Baths

52,463 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 52,463 sqft

Price per Sqft $123

Subdivision Fla-Mango Grovelets

MLS Listing ID RX-11101773

Construction Status Resale

Year Built 1981

Annual Tax Amount $209,638

Tax Year 2024

Lot Size 4.210 Acres

Property Sub-Type Office

Property Description

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.

Location

State FL

County Palm Beach

Area 5470

Zoning LC(cit

Interior

Heating Central Individual, Electric

Cooling Central Individual, Electric

Flooring Other

Fireplaces Type Smoke Alarm, Sprinkler

Exterior

Utilities Available Cable, Electric, Public Sewer, Public Water, Separate Meter, Septic

Roof Type Comp Rolled

Building

Story 100.00

Foundation CBS

Construction Status Resale

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Virtual Tour https://www.propertypanorama.com/1850-Forest-Hill-Boulevard-West-Palm-Beach-FL-33406/unbranded

Polina Wittmann

Advisor | License ID: 3529662

+1(305) 497-6508

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