Boynton Beach Industrial Site For Sale

This listing presents a valuable small bay industrial site located in Boynton Beach, Florida (Palm Beach County). The property is offered for sale at an asking price of $5,300,000, generating a Net Operating Income (NOI) of $298,708 annually, which equates to a 6% Cap Rate. The site features dual road access from both 602 W Industrial Way and 523 Industrial Ave, offering excellent logistical advantages. The portfolio includes three contiguous industrial parcels and one single-family residence (SFR) located across the street. Current rental income is derived from 10 pens ($3500/month), a contiguous empty lot ($4000/month), and the backyard of the SFR ($2000/month), totaling $9500/month. The owner is in the process of implementing rent increases, with a projected additional $1600 monthly ($19,200 annually). This irreplaceable location is situated immediately off I-95 at the Boynton Beach Blvd exit, providing superb connectivity.