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1535 Cypress Drive, Jupiter, FL 33469

$4,885,125
Property Type: Comm/Industry Baths: 6 Square Footage: 4,750 Status: Active
Current Price: $4,885,125 Last Modified: 3/16/2024

Description

Prime Investment Opportunity in Jupiter, FL Welcome to 1535 Cypress Drive, 1537 Cypress Drive, and 1559 Cypress Drive, Jupiter, FL 33469 an exceptional commercial real estate offering in the heart of Jupiter, Florida. This versatile property boasts a combined 13,027 sq. ft. encompassing a strip center, warehouse, and office plaza, providing a lucrative investment opportunity with a gross income of $259,561 per year. Strong Income Stream: With a gross income of $259,561 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.

Supplements: Prime Investment Opportunity in Jupiter, FL Welcome to 1535 Cypress Drive, 1537 Cypress Drive, and 1559 Cypress Drive, Jupiter, FL 33469 an exceptional commercial real estate offering in the heart of Jupiter, Florida. This versatile property boasts a combined 13,027 sq. ft. encompassing a strip center, warehouse, and office plaza, providing a lucrative investment opportunity with a gross income of $259,561 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 15 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 $259,561 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 three properties where built in 1978.

More Information MLS# RX-10937421

Contract Information

Status: Active Original List Price: 2299000 Auction: No List Price: $4,885,125 Current Price: $4,885,125 List Price/Bldg SqFt: 1028.45 Listing Date: 2023-11-20 Comm/Non-Rep: 2% Comm/Buyer Agent: 2% Comm/Trans Brk: 2%

General Property Description

Type: Flex Space For Sale: Yes For Lease: No Property Desc: 1460 Realty Condo Subdivision: KURTZ INDUSTRIAL PARK Year Built: 1978 SqFt - Living: 4750 SqFt Source: Tax Rolls # of Stories: 1 Total Units: 4 Baths - Total: 6 Acres: 0.95 % Air Conditioned: 50

Location, Tax & Legal

Area: 5060 Geo Area: PB32 Country: United States County: Palm Beach Parcel ID: 30434031110000270 Street #: 1535 Street Name: Cypress Street Suffix: Drive State/Province: FL Zip Code: 33469 Zoning: C4 Legal Desc: KURTZ INDUSTRIAL PARK UNREC LTS 27 THRU 29 Tax Year: 2023 Real Estate Taxes: 34416.9 Geo Lat: 26.953739 Geo Lon: -80.088253

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-10937421 DXORIGMLSID: RML

Property Features

Use: Industrial; Professional Office; Retail Type of Building: Commercial; Income; Office/Warehouse Sale Includes: Building and Land Avail Docs: None Avail Info: None Flooring: Other Cooling: Other Heating: Other Fire Protect: Smoke Alarm Tenant Pays: Cable; Electric Utilities: Cable; Public Sewer; Public Water Roof: Other Terms Considered: Cash; Conventional Lease: Annual; Subject to Lease Possession: At Closing
Listing Office: The Keyes Company
Last Updated: March - 16 - 2024
1535 Cypress Drive, Jupiter, FL 33469- MLS# RX-10937421
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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