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22134063
22134062

4455 Purdy Ln., West Palm Beach, FL 33406

Partnership Realty Inc
Listed by Partnership Realty Inc
$8,500,000
461 days on market
Updated 159 days ago

Gentlemens and Real Estate FOR SALE West Palm Beach

Details
Property Type Business for Sale, Retail
Sub Type Bar, Business and Building (+1)
Square Footage 7,550
Cap Rate 14.50%
Year Built 1971
Buildings 2
Acreage 1.080
Parking Spaces 160 spaces
Parking Per SqFt 21.19

Business for Sale | 16.50% CAP | 7,550 SqFt

Marketing description

For Sale

Gentleman's Club

Gentlemans Club and Retail Plaza (Business and Real Estate Package Deal). West Palm Beach, Florida Off-Market Deal For Sale.

This attractive package offers a very nice high CAP rate of approx. 26%. Seller will hold a loan. A true feel for the operations and business understanding for this and how the business runs day to day, will need to be done in person as the owners are suggesting.

As such I am pleased to say that I will easily arrange a private, on-site meeting with the Sellers.

In business 39 years. 5am COP liquor license - dance license - adult license - permits and - insurance, is all grandfathered in to that location and fully transferable to the buyer.

Available is the list of our monthly expenses or expenditures or deposits per month, and the weekly average, daily income, weekly, monthly - licenses and all due diligence information.

INCOME yr.

2.4M gross

1.4M approx. NOI

EXPENSES PER YEAR

Property Taxes

$24,752.87

Property Insurance

$6,221.70

Dumpster Pick Up

$3,318.08

Call me. I am direct to my seller.

Steel 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

  • Retail Plaza of two 7,650 sq. ft. buildings. Total of 15,300 sq. ft.
  • Includes ample parking and business income. Priced for 11.5M.
  • The NET income exceeds a 14.5 CAP.
  • Liquor Store Lease: $4k/Monthly
  • Psychic Tarot Reader: $3k/Monthly
  • Barber Shop: $2400/Monthly
  • Upstairs Apartment: $1800/Monthly
  • Billboard Sign: $935/Monthly
  • Food truck income $700/Monthly
  • 2nd Building income $21,000/Monthly
  • $200,000 Strip Club income Avg./Monthly

Listing Contacts

Partnership Realty Inc
Listed by Partnership Realty Inc

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