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507-509 Northwood Rd West Palm Beach, FL $ 399,000
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$ 399,000 Get more info
507-509 Northwood Rd
$ 399,000
Back to search
Share Save

507-509 Northwood Rd

West Palm Beach, FL, 33407
$ 399,000
Baths0.0 Sq 4,050

Monthly Estimate*

$ 2,652

507-509 Northwood Rd, West Palm Beach, FL 33407 - Image 1
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507-509 Northwood Rd, West Palm Beach, FL 33407 - Image 12
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Studio

Commercial Property for sale in West Palm Beach, FL

for $399,000. This 4,050 square foot building was built in 1945.

Seize a solid investment with remarkable current and future potential! Situated on a charming street renowned for its vibrant restaurants, boutiques, and wellness retailers. Anticipate growth with upcoming redevelopment plans that will extend the road, enhancing the trendy Northwood neighborhood eastward across North Flagler Drive towards the waterfront. Here, the Ritz-Carlton plans to build 144 ultra-luxury residences by 2027. This well-established coffee lounge presents an incredible opportunity to transform into a cigar/hookah lounge or bar with a 4COP dual license, featuring an outdoor bar, dance area, and a capacity of 100. Perfect for hosting events and parties, it can operate from 7 AM to midnight, with events extending until 2 AM.

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Commercial Active

Price

$ 399,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,434

Style

Year Built

1945

Town/City

West Palm Beach

County/Region

Palm Beach

MLS | Web ID

A11589360
Features
General
Sewer PublicSewer
Heating Central Electric
Cooling CentralAir
Possession ClosingFunding
Construction Materials Block
Year Built 1945
Tax Year 2023
Business Type BarTavernLounge
Building Name Harold's Coffee Lounge
County Palm Beach County
Insurance Expense 2538.0
New Construction N
Property Type BusinessOpportunity
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
City West Palm Beach
View Y/N N
Senior Community Y/N N
Zoning Description NMUD TYP
MLS Area 5420
Lot Size Units SquareFeet
Private Pool N
Waterfront Y/N N
Carport Y/N N
Listing Terms Cash OwnerMayCarry
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 3434.0
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor Palm Beach 5420; 5430; 5440
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11589360
Days on Market 19
Standard Status Active
Occupancy Type CallAgent
Legal Description NORTHWOOD ADD LT 40 BLK 50
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Exterior
Water Source Public
Spa N
Building Area Total 4050.0
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 507
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* Excluded Features
List By
Lg Realty Group Inc.

Broker

ap@lgrealtygroup.com

Email

Affordability Calculator

$2,938
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,652
Monthly Property Taxes
$286
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
292769 Elementary School
292996 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/8/2024$399,000 -11.33% Price Down
5/20/2024$450,000 Listed Price

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507-509 Northwood Rd, West Palm Beach, FL, 33407 is a Commercial Property for sale at $399,000 with 4,050 sqft. 507-509 Northwood Rd is a studio with 0.0 baths and was built in 1945. The property's zip code is 33407 which is in West Palm Beach, FL

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