Strip Club Business and Building
Strip Center with Business and Real Estate
Marketing description
Commercial portfolio of 1 building for Sale and the Gentlemens Club business and parking. Located in West Palm Beach, Fl. 90+ parking spaces. Please see attached for surveys, If interested, I can send over additional photos and financials. The building is the 7,600 sq. ft. GROSS INCOME AT $2.4M NOI AT 1.4M TOTAL INCOME. Email me for the NDA
PRIVATE SHOWING MORNING APPOINTMENT. CALL STEEL GINSBERG 561-900-5006
Hello. This is Steel of Partnership Realty.
Contact me about this unique opportunity in West Palm Beach FL. Approximately 26% CAP.
For Sale is the Gentlemens Club Business and together with all of the Licenses and the 6,700 sq. ft. free standing building that it is in.
Price - 8.2M Owner will hold paper for more than half. Property and biz needs some TLC and re-paint in and out. Black top and re-stripe the parking lot Etc. Call 561-900-5006
Email: [email protected]
Investment highlights
Parcel 1: Has single tenant - BUYER WILL OWN THIS BUSINESS. GROSS 2.4M NOI 1.4M
Built in 1971, New Upgrades including Roofs, New A/C's.
Parcel 2: Commercial Retail multi tenant - 2298 S Military Trl. West Palm Beach, FL 33415
(Only the liquor store has a formal lease, the other tenants are willing to leave or sign a lease. They are on Month to Month but have been there a long time.).
Liquor Store Lease: $4k/Monthly
Psychic Tarot Reader: $3k/Monthly
Barber Shop: $2400/Monthly
Upstairs Apartment: $1800/Monthly
Billboard: $835/Monthly
Food truck income $700/Monthly
Parcel1: $20,000/Monthly rent income ( New owner will not have to pay this.
Total Annual Expenses $27,430
Total NOI $2.5M Yr.
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