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$700,000

  • Sold
  • Closed
  • Retail
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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.

Full Property Details for 1620 Avenue E

General

  • Sold For: $700,000
  • Taxes: $7,510 (2025)
  • Status: Closed
  • Type: Retail
  • Source: Regional
  • MLS ID: B26045046
  • Added to Site: 63 day(s) ago

Business

  • Business Type: Church, Rental

Interior

  • Flooring: Ceramic Tile, Laminate

Additional Information

  • Security/Safety: Fire Alarm, Smoke Detector(s), Security Lights

Parking

  • Total Spaces: 20
  • Parking Features: Common, Free Parking

Location

  • County: Palm Beach
  • Driving Directions: Heading South on Broadway from Blue Heron Blvd. Make a right on W 17th Street heading west. Property is on your left, on the corner of Ave E and W 17th.

Community

  • Community Name: 7070

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s)
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Cable Available, Electricity Available, Sewer Available, Water Available
  • # Electric Meters: 6

Structural Information

  • # Buildings: 1
  • Structure Type: Retail
  • Construction: Block, Concrete, Stucco
  • Roof: Built-Up, Flat
  • Stories/Levels: 1
  • Building Size: 4146
  • Aprox. Leasable: 4,146 Sq. Ft.
  • Year Built: 1966
  • Property Condition: Resale

Lot Features

  • Lot Size (Acres): 0.31
  • Frontage: City Street, Asphalt, Paved
  • Road Maintenance: Public Maintained Road
  • Sidewalks: Yes
  • Lot Features: Corner Lot, 1/4 to 1/2 Acre Lot
  • Zoning: CG (city)
  • Fencing (Description): None

Financial Considerations

  • Tax Amount: $7,510.9
  • Tax Year: 2025
  • Terms: Cash, Conventional, Other
  • Tenant Pays: Electricity, Insurance, Minor Interior Maintenance, Taxes

Disclosures and Reports

  • Special Conditions: Standard
  • Documents Avail.: Lease, Rent Rolls
  • Legal Description: INLET GROVE LTS 13 & 14 BLK 6
  • Property ID: 56434233040060130

Listed and Sold by Keller Williams Realty/P B

Listing agent

— 1620 Avenue E —

  • Keller Williams Realty/P B

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1620 Avenue E

School District:Palm Beach County School District
NameGradesDistance
Lincoln Elementary School
1160 Avenue N, Riviera Beach, FL 33404
PK-51.1 mi
William T. Dwyer High School
13601 North Military Trail, Palm Beach Gardens, FL 33410
9-127.5 mi
John F. Kennedy Middle School, Riviera Beach, FL
1901 Avenue S, Riviera Beach, FL 33404
6-81.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1620 Avenue E

Date
Details
Price
Change
Source
7/31/2026
Sold
$700,000
-6.67%
MLS
6/24/2026
Listed
$750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Keller Williams Realty/P B

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1620 Avenue E, West Palm Beach, FL (MLS# B26045046) is a Retail property that was sold at $700,000 on July 31, 2026. Want to learn more about 1620 Avenue E? Do you have questions about finding other Retail real estate for sale in West Palm Beach? You can browse all West Palm Beach real estate or contact a Coldwell Banker agent to request more information.