Price: $1,700,000
Cap Rate: ~8.2 % (stabilized)
Property Type: Retail / Office / Mixed Use
Building Size: 3,515.12 SF (Total)
Year Built: 2018
Zoning: DT, Downtown (38)
Occupancy: 100 % (Fully Leased)
Units: 3 Commercial Condos (Unit 101, 102, 103)
Stories: 1
Ceiling Height: Up to 20 ft
Cooling: Central Building
Lot Size: ? 0.08 Acres
CAM (Included in Rent): $755 per month (includes insurance, property taxes & HOA)
Lease Term: 3-Year Leases (renewable with annual 5 % rent increase clause)
Terms: Cash, Conventional, or Cryptocurrency Accepted

Description

High-yield, income-producing 3-unit commercial condo portfolio in the South Palmway / Bryant Park corridor of Lake Worth Beach, Florida.
Each unit is leased to stable tenants — a gym, café, and barber shop — on active 3-year leases with annual 5 % rent increases and renewal options.

Unit 101 – Gym: 1,022 SF | $4,000 / month | $9412 annual tax

Unit 102 – Café: 1,196 SF | $3,000 / month | $6,784 annual tax

Unit 103 – Barber: 1,196 SF | $1,800 / month | $3,758 annual tax

Tenants’ monthly payments include the $755 CAM fee (insurance, property taxes & HOA) for hands-off management and predictable cash flow.

Built in 2018, the property features modern design, high ceilings, tile floors, and central A/C. Steps from Bryant Park, the Intracoastal Waterway, and Downtown Lake Ave, the location offers strong foot traffic and long-term tenant demand.

The nearby Gulfstream Hotel redevelopment (2025–2026) will add 140 + rooms, 83 apartments, and rooftop dining, driving substantial future value growth. With new projects emerging, rents can increase an estimated 5 % per year, raising cap rate performance and ROI.

Highlights

Fully Leased Tenants: Gym, Café & Barber Shop

Built-In Growth: 5 % annual rent increase = 25 % income growth in 5 years

Simple Ownership: CAM includes insurance, tax & HOA

Modern 2018 Construction: Low maintenance

Prime Coastal Location: Steps from Intracoastal & Downtown Lake Ave

Growth Catalyst: Gulfstream Hotel reopening to boost traffic & values

Crypto Friendly: Seller open to digital currency transactions

Confidential Sale: NDA required for property address and tenant info

5-Year Rental Projection (5 % Annual Increase)
Year Gym Rent Café Rent Barber Rent Total Annual Rent Est. Taxes (3 % growth)
2025 (Base) $48,000 $36,000 $21,600 $105,600 $16,100
2026 $50,400 $37,800 $22,680 $110,880 $16,583
2027 $52,920 $39,690 $23,814 $116,424 $17,080
2028 $55,566 $41,675 $25,005 $122,246 $17,592
2029 $58,345 $43,759 $26,255 $128,359 $18,120

5-Year Growth: ? +22 % Net Rent Increase | Stabilized Cap Rate 8.2 %

Financial Summary
Metric Value
List Price $1,700,000
Current Monthly Rent $8,800
Current Annual Rent $105,600
Projected Year 5 Rent $128,359
Annual Taxes (2024) $ 19,954 (base + 3 % annual growth)
CAM (Included) $9,060
Cap Rate (Current) ~6.2 %
Cap Rate (Stabilized) ~8.2 %
Year Built 2018
Stories 1
Total Sq Ft 3,515.12
Unit Sizes 1,022 SF (Gym), 1,196 SF (Café), 1,196 SF (Barber)
Lot Size ? 0.08 Acres
Type Retail / Mixed-Use Condo