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… Read More 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. Read Less
Courtesy of Keller Williams Realty/P B 561-656-2929
Listing Snapshot
Days Online
27
Last Updated
Property Type
Retail
Square Ft.
4,146
Lot Size
0.31 Acres
Year Built
1966
MLS Number
B26045046
Additional Details
Property Access
Road frontage type: "City Street", "West of US-1"
Building
Built in 1966, Construction materials: "CBS", "Concrete Block - With Stucco", Toal building area: 4146, 5 total units
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed.
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realestateagentben.com
July 21, 2026
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