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$2,720,000
1516 Cypress Drive, 1
Jupiter, FL 33469
MLS# RX-10937416
6 baths  |  6800 sqft


1516 Cypress Drive, 1, Jupiter, FL 33469
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1516 Cypress Drive, 1, Jupiter, FL 33469 1516 Cypress Drive, 1, Jupiter, FL 33469 1516 Cypress Drive, 1, Jupiter, FL 33469 1516 Cypress Drive, 1, Jupiter, FL 33469 1516 Cypress Drive, 1, Jupiter, FL 33469

Property Description
Prime Investment Opportunity in Jupiter, FL Welcome to 1516 S. Cypress Drive, Jupiter. FL an exceptional commercial real estate offering in the heart of Jupiter, Florida. This versatile property boasts a combined 6,800 sq. ft. encompassing a strip center, warehouse, and office plaza, providing a lucrative investment opportunity with a gross income of $163,305 per year. Key Features: Diverse Spaces: This property offers a mix of retail, warehouse, and office spaces, catering to a variety of business needs. The 9 top-quality tenants currently in place with existing leases ensure a stable and consistent income stream. Strategic Location: Situated near the intracoastal waterway and the Atlantic Ocean, the property enjoys a prime location in a highly sought-after area.

Details
Maps
Contract Information
Status: Active
Original List Price: 2890000
Auction: No
List Price: $2,720,000
Current Price: $2,720,000
List Price/Bldg SqFt: 400
Listing Date: 2023-11-20
Comm/Non-Rep: 2%
Comm/Buyer Agent: 2%
Comm/Trans Brk: 2%
General Property Description
Type: Industrial
For Sale: Yes
For Lease: No
Property Desc: 1460 Realty Condo
Subdivision: KURTZ INDUSTRIAL PARK
Year Built: 1972
SqFt - Living: 6800
SqFt Source: Tax Rolls
# of Stories: 1
Total Units: 3
Baths - Total: 6
Acres: 0.49
% Air Conditioned: 50
Location, Tax & Legal
Area: 5060
Geo Area: PB32
Country: United States
County: Palm Beach
Parcel ID: 30434031110000120
Street #: 1516
Street Name: Cypress
Street Suffix: Drive
Unit #: 1
State/Province: FL
Zip Code: 33469
Zoning: C4
Legal Desc: KURTZ INDUSTRIAL PARK (UNREC) LOT 12
Tax Year: 2023
Real Estate Taxes: 17268.8
Geo Lat: 26.952915
Geo Lon: -80.087556
Remarks & Misc
Directions: From Route 95 travel east on Indiantown Road to north on A1A to a slight left onto Cypress Drive, Property on the right.
Office/Member Info
DXORIGMLNO: RX-10937416
DXORIGMLSID: RML
Property Features
Use: Industrial; Retail
Type of Building: Income; Office/Warehouse; Retail
Sale Includes: Building and Land
Avail Docs: None
Avail Info: Copies of Lease
Flooring: Other
Cooling: Other
Heating: Other
Fire Protect: Smoke Alarm
Tenant Pays: Cable; Electric
Utilities: Public Sewer; Public Water
Roof: Other
Terms Considered: Cash; Conventional
Lease: Annual
Possession: At Closing
Supplements
Prime Investment Opportunity in Jupiter, FL Welcome to 1516 S. Cypress Drive, Jupiter. FL an exceptional commercial real estate offering in the heart of Jupiter, Florida. This versatile property boasts a combined 6,800 sq. ft. encompassing a strip center, warehouse, and office plaza, providing a lucrative investment opportunity with a gross income of $163,305 per year. Key Features: Diverse Spaces: This property offers a mix of retail, warehouse, and office spaces, catering to a variety of business needs. The 9 top-quality tenants currently in place with existing leases ensure a stable and consistent income stream. Strategic Location: Situated near the intracoastal waterway and the Atlantic Ocean, the property enjoys a prime location in a highly sought-after area. This proximity enhances its attractiveness to businesses and tenants alike, providing a unique selling point. Strong Income Stream: With a gross income of $163,305 per year, this income-producing property is positioned as a solid investment with great potential for future growth. High Demand Area: Jupiter, FL, is known for its vibrant business environment and scenic surroundings. The demand for commercial properties in this area is consistently high, making this investment an attractive proposition for savvy investors. Investment Highlights: Secure Tenancy: The property boasts top-quality tenants with existing leases, ensuring a reliable and secure income stream for the discerning investor. Potential for Growth: Positioned in a thriving area with a mix of businesses and commercial activities, there is ample potential for future growth and increased property value. Versatile Spaces: The combination of a strip center, warehouse, and office plaza provides a versatile set of spaces suitable for a wide range of businesses, contributing to the property's appeal and long-term viability. Strategic Location: Situated near the intracoastal waterway and the Atlantic Ocean, the property enjoys a prime location in a highly sought-after area. This proximity enhances its attractiveness to businesses and tenants alike, providing a unique selling point. The property was built in 1972.

Listing Office: The Keyes Company

Last Updated: March - 16 - 2024

1516 Cypress Drive, 1, Jupiter, FL 33469 - MLS# RX-10937416
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