1101 54th Street, West Palm Beach, FL 33407 (MLS# RX-10566576)

$8,750,000

1101 54th Street
West Palm Beach, FL 33407
MLS# RX-10566576
Status: Closed
26 baths | 17747 sqft

1 / 48

Property Description
Rare opportunity to own a new state of the art, Turnkey fully furnished and approved multi-use rehabilitation treatment healthcare campus. Contact us for walk-through HD video. The property was completed in 2018 and is located along the northern side of St Mary's Medical Center in West Palm Beach. This space is a single-story layout currently approved for 41 detox residential and / or rehabilitation beds. The property consists of 21 bedrooms, 16 private offices, 6 station call center, large entertainment areas, courtyard, commercial kitchen, a spa-like environment with ample natural light, vaulted ceilings and tons of onsite parking. Additionally, there is approximately 2 acres of vacant land with approvals in place for a 15,000 square foot addition of a new building.

Details

Maps

Contract Information

Auction: No

List Price/Bldg SqFt: 563.47

Status: Closed

Original List Price: 10000000

Sold Price: $8,750,000

Current Price: $8,750,000

Listing Date: 2019-10-03

General Property Description

For Sale: Yes

For Lease: Yes

Lease Price SqFt: 17747

Lease Year: 2019

Min Lease Months: 60

Property Desc: Medical Rehab Campus

Acres: 4.89

Built Desc: New Construction

Waterfront: No

SqFt Source: Appraisal

# of Stories: 1

Total Units: 1

% Air Conditioned: 100

Type: Special Use

Subdivision: NOVUS MEDICAL

Year Built: 2018

SqFt - Living: 17747

Baths - Total: 26

Location, Tax & Legal

Geo Area: PB20

State/Province: FL

Tax Year: 2018

Zoning: CSPD

Real Estate Taxes: 43000

Multiple Ofrs Acptd: No

Area: 5420

County: Palm Beach

Parcel ID: 74434304340010000

Street #: 1101

Street Name: 54th

Street Suffix: Street

Zip Code: 33407

Legal Desc: NOVUS MEDICAL PAR A K/A ALL OF PLAT

Geo Lat: 26.759691

Geo Lon: -80.064688

Remarks & Misc

Directions: 45th street east to Greenwood Ave..north to 54th st.,then west.

Office/Member Info

DXORIGMLNO: RX-10566576

DXORIGMLSID: RML

Status Change Info

Terms of Sale: Conventional

Sold Price/Bldg SqFt: 493.04

Under Contract Date: 2019-12-05

Sold Date: 2020-10-27

Sold Price: $8,750,000

Building Info

# of Offices: 16

Type of Building

Commercial: 1

Free Standing: 1

Medical: 1

Office Space: 1

Resident. Multi-Fam.: 1

Special Purpose: 1

Sale Includes

Building and Land: 1

Equipment: 1

Fixtures: 1

Furniture: 1

Inventory: 1

License: 1

Avail Info

Photos: 1

Construction

CBS: 1

Concrete: 1

Avail Docs

Occupational License: 1

Survey: 1

Waterfront Details

None: 1

Special Info

Use Conforms to Zone: 1

Cooling

Central: 1

Electric: 1

Gas: 1

Heating

Central: 1

Tenant Pays

Common Area Maint.: 1

Electric: 1

Insurance: 1

Taxes: 1

Miscellaneous 1

Lobby: 1

Use

Other: 1

Miscellaneous 2

Med Plumbing: 1

Meeting Room: 1

Private Restroom: 1

Public Restroom: 1

Reception Area: 1

Water Retention: 1

Flooring

Carpet: 1

Ceramic Tile: 1

Utilities

Electric: 1

Generator: 1

Public Sewer: 1

Public Water: 1

220: 1

440: 1

Fire Protect

Smoke Alarm: 1

Smoke Detector: 1

Sprinkler: 1

Security

Security Sys-Leased: 1

TV Camera: 1

Roof

Concrete Tile: 1

Terms Considered

Cash: 1

Conventional: 1

Will Rent: 1

Other: 1

Possession

Subject to Lease: 1

Lease

Annual: 1

Long Term: 1

Net Rent: 1

Renewal: 1

Triple Net: 1

4-6 Years: 1

7-10 Years: 1

Contingencies

Financing: 1

Inspection: 1

Property Features

Use: Other

Type of Building: Commercial; Free Standing; Medical; Office Space; Resident. Multi-Fam.; Special Purpose

Construction: CBS; Concrete

Sale Includes: Building and Land; Equipment; Fixtures; Furniture; Inventory; License

Avail Docs: Occupational License; Survey

Miscellaneous 1: Lobby

Miscellaneous 2: Med Plumbing; Meeting Room; Private Restroom; Public Restroom; Reception Area; Water Retention

Flooring: Carpet; Ceramic Tile

Cooling: Central; Electric; Gas

Heating: Central

Fire Protect: Smoke Alarm; Smoke Detector; Sprinkler

Special Info: Use Conforms to Zone

Tenant Pays: Common Area Maint.; Electric; Insurance; Taxes

Utilities: Electric; Generator; Public Sewer; Public Water; 220; 440

Waterfront Details: None

Security: Security Sys-Leased; TV Camera

Roof: Concrete Tile

Terms Considered: Cash; Conventional; Will Rent; Other

Lease: Annual; Long Term; Net Rent; Renewal; Triple Net; 4-6 Years; 7-10 Years

Possession: Subject to Lease

Contingencies: Financing; Inspection

Supplements

Providing the opportunity for your business to expand. Property includes 2 workout centers, intake rooms, multiple waiting rooms, 5 common areas bathrooms, 3 utility rooms, laundry room, network room, lot's of storage and exam rooms. The surrounding areas are medical offices, specialty medical buildings and hospitals. The property is located near both West Palm Beach Commuter Rail and Mangonia Park Commuter Rail. Easy access to West Palm Beach's international airport and all major highways. Do not miss out on this unique opportunity.

Listing Office: Blue Water Real Estate Group

Last Updated: March - 19 - 2021

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