4458 Purdy Lane, West Palm Beach

$10,500,000

0 Bed
0 Bath
14,000 Sqft
1 Acre
0 Garage

PRICE DROP!! Don't Miss out on this remarkable investment opportunity! Portfolio Deal, 2 Commercial Properties and a Night Club Business for sale. Zoned on Unincorporated Lots. The Rose Gentlemen's Club is currently operating from the primary property address listed. The club produces great income and has ample parking spaces. Second property located only steps away holds a diversity of businesses that generates good income as well, those businesses are not for sale. One lease in place, the rest of the tenants are month to month. The Businesses located here have been in operation for many years. Properties are centrally located. high traffic area with many customers. Please inquire for financials.Parcel 1: Rose Gentlemen's Club
Nestled at 4458 Purdy Lane, this iconic establishment, built in 1971, has undergone recent upgrades, including new roofs and air conditioning systems. Boasting 7,538 SF on .61 Acres, it stands as a landmark property. The committed on-site manager ensures seamless operations. With a yearly income of $240,000 and a net income ranging from $1M to $1.4M, Parcel 1 presents a solid investment foundation. The strategic location, recent enhancements, and stable management make it an attractive proposition. Manager is willing to stay on and continue operating.

Parcel 2: Diverse Commercial Retail
Featuring a mix of tenants, including a stable liquor store with a formal lease, Parcel 2 adds depth to this investment portfolio. With a total yearly income of $386,000, this parcel offers versatility. The diverse tenant mix includes a Psychic Tarot Reader, Barber Shop, Upstairs Apartment, and Billboard, creating a well-rounded income stream. Whether retaining existing tenants or securing new leases, Parcel 2 provides flexibility and potential for growth. Property Can be sold separately for $2.5 Million.

Overall Investment Highlights:

Combined Yearly Income: $626,000
Net Income from Rose Club: $1M to $1.4M
Cap Rate: 10.5%
Strategic Location and Recent Upgrades:
Parcel 1: 4458 Purdy Lane
Parcel 2: 2298 S MILITARY TRL
Seize the opportunity to own these prime parcels, strategically positioned for both immediate returns and long-term growth. Contact us now to embark on a journey of unparalleled commercial real estate success!

Essential Information
MLS® #RX-10957729
Price$10,500,000
Square Footage14,000
Acres1.00
Year Built1971
TypeCommercial
Sub-TypeIncome, Mixed
StatusActive
Style

Commercial, Income, Lounge, Other, Retail

Community Information
Address4458 Purdy Lane
Area5490
SubdivisionANNA JOHNS ESTATES
CityWest Palm Beach
CountyPalm Beach
StateFL
Zip Code33406
Utilities

3-Phase Electric, Public Sewer, Public Water

Interior
HeatingCentral
CoolingOther, Central
# of Stories1
Appliances

Building and Land, Inventory, License, Trade Name

Exterior
Lot DescriptionLOUNGE/MIXED USE
RoofMixed
Additional Information
Date ListedFebruary 8th, 2024
Days on Market19
ZoningUI
Listing Details
OfficePartnership Realty Inc.
Property History
Status Changed from Price Change to Active
Status Changed from New to Price ChangePrice Reduced from $13,000,000 to $10,500,000
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Listing information last updated on May 20th, 2024 at 8:45pm EDT.