Ad #7972084
MLS #B26045046
Excellent value-add investment opportunity in Riviera Beach!
1620 Ave E, West Palm Beach, Florida, 00000
$750,000
0Beds
0Baths
4,146Sqft
0.310Acres
About this property
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 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.
Property Features
0 Beds
0 Baths
4,146 Sqft
Built in 1966
0.310 Acres
1 Story
Siding: CBS, Concrete Block - With Stucco
Built-Up, Flat Roof
Central
$7,511 / yr property tax
Palm Beach County
Additional Photos
Contact Information
Thomas Sinner
Safe Harbor Realty LLC Palm Beaches
862-324-3094
Location
Listing Agent: Thomas Sinner (License #: 3568640) 862-324-3094
Broker: Safe Harbor Realty LLC Palm Beaches 561-656-2929 Listing Site
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Safe Harbor Realty LLC Palm Beaches 561-656-2929 Listing Site
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 22, 2026
Photo Gallery
$750,000
0
Beds
0
Baths
4,146
Sqft
1620 Ave E, West Palm Beach, Florida, 00000
By contacting this agent you agree to these Terms and Conditions.
MLS# B26045046
Excellent value-add investment opportunity in Riviera Beach!
$750,000
1620 Ave E, West Palm Beach, Florida, 00000
0
Beds
0
Baths
4,146
Sqft
0.310
Acres
$750,000
1620 Ave E, West Palm Beach, Florida, 00000
0 Beds
0 Baths
4,146 Sqft
0.310 Acres
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 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.
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Property Details
HOME DETAILS
0 Beds
0 Baths
4,146 Sqft
Built in 1966
0.310 Acres
1 Story
EXTERIOR
Siding: CBS, Concrete Block - With Stucco
Built-Up, Flat Roof
INTERIOR
Central
FINANCIAL & COMMUNITY
$7,511 / yr property tax
Palm Beach County
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7972084
Viewed
24 times
Listing Status
Active Under Contract
Added
Jun 24, 2026
Last Refresh
Jul 22, 2026 12:59:08 AM
Listing Information
Data Source
BeachesMLS
Source Property ID
B26045046
Listing Agent: Thomas Sinner (License #: 3568640) 862-324-3094
Broker: Safe Harbor Realty LLC Palm Beaches 561-656-2929 Listing Site
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Safe Harbor Realty LLC Palm Beaches 561-656-2929 Listing Site
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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