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(954) 789-3186 Helena.Grossberg@outlook.com
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(954) 789-3186
Helena.Grossberg@outlook.com
MLS# B26045046 - 1620 Avenue E West Palm Beach, FL 33404
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.

Keller Williams Realty/P B is the brokerage office representing the owner for this listing.
© Copyright 2026 Miami Multiple Listing Service All Rights Reserved. The data relating to real estate for sale on this website comes in part from the participating Associations of the Miami Multiple Listing Service. The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Multiple Listing Service, Inc. real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
The MLS data provided for the property above is provided courtesy of AfterNorth and Miami Association of REALTORS® The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This website is a service of ALM Realty & Services, Inc., a broker participant of the Miami Association of REALTORS®. ALM Realty & Services, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. MiamiRE data last updated at 6/25/2026 2:47:00 AM.

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.

Keller Williams Realty/P B is the brokerage office representing the owner for this listing.
© Copyright 2026 Miami Multiple Listing Service All Rights Reserved. The data relating to real estate for sale on this website comes in part from the participating Associations of the Miami Multiple Listing Service. The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Multiple Listing Service, Inc. real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
The MLS data provided for the property above is provided courtesy of AfterNorth and Miami Association of REALTORS® The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This website is a service of ALM Realty & Services, Inc., a broker participant of the Miami Association of REALTORS®. ALM Realty & Services, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. MiamiRE data last updated at 6/25/2026 2:47:00 AM.