For Sale
$1,900,000

3141 Military TrlLake Worth, FL 33463

23-Unit Office Building, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a well-maintained, two-story Class B office complex located at 3141 S Military Trail in Lake Worth, Florida. The property, built in 1983 and renovated in 2000, encompasses 8,830 square feet across one building and offers 23 individual office suites. Currently, 22 of the 23 units are occupied, demonstrating strong tenant demand and a high occupancy rate. The property features ample parking with 27 spaces available for tenants and guests. The lease structure is a gross lease, simplifying management and providing predictable income streams. The building is situated on a lot with no recorded square footage. The asking price for this turnkey investment is $1,900,000. Annual rent bumps are set at 4%, ensuring consistent growth in rental income. This property presents a rare opportunity to acquire a stable, high-occupancy office complex in a desirable location within Palm Beach County, Florida, with a zip code of 33463. The property's strong performance and potential for future appreciation make it an attractive addition to any investment portfolio. The property is classified as Special Purpose.

Highlights

  • 22 occupied offices, with only one remaining office available for lease.
  • High-demand location with strong tenant occupancy.

Property Details for 3141 Military Trl

Property type
Specialty properties
Square Feet
8,830 SF
Class
B
Year Built/Renovated
1983/2000
Buildings
1
Stories
2
Units
23

Location Insight

City
Lake Worth
County
Palm Beach
State
Florida
Latitude
26.631266
Longitude
-80.1136762
3141 Military Trl, Lake Worth, Florida

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3141 Military Trl
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