Address1516 Cypress Dr #1, Jupiter, FL, 33469

Price$2,720,000

  • Commercial
  • 6,800 SQ FT
  • Built in 1972

Prime Investment Opportunity in Jupiter, FLWelcome to 1516 S. Cypress Drive, Jupiter. FL an exceptional commercial real estate offering in the heart of Jupiter, Florida. This versatile property boasts a combined 6,800 sq. ft. encompassing a strip center, warehouse, and office plaza, providing a lucrative investment opportunity with a gross income of $163,305 per year.Key Features:Diverse Spaces: This property offers a mix of retail, warehouse, and office spaces, catering to a variety of business needs. The 9 top-quality tenants currently in place with existing leases ensure a stable and consistent income stream.Strategic Location: Situated near the intracoastal waterway and the Atlantic Ocean, the property enjoys a prime location in a highly sought-after area.Prime Investment Opportunity in Jupiter, FL Welcome to 1516 S. Cypress Drive, Jupiter. FL an exceptional commercial real estate offering in the heart of Jupiter, Florida. This versatile property boasts a combined 6,800 sq. ft. encompassing a strip center, warehouse, and office plaza, providing a lucrative investment opportunity with a gross income of $163,305 per year. Key Features: Diverse Spaces: This property offers a mix of retail, warehouse, and office spaces, catering to a variety of business needs. The 9 top-quality tenants currently in place with existing leases ensure a stable and consistent income stream. Strategic Location: Situated near the intracoastal waterway and the Atlantic Ocean, the property enjoys a prime location in a highly sought-after area. This proximity enhances its attractiveness to businesses and tenants alike, providing a unique selling point. Strong Income Stream: With a gross income of $163,305 per year, this income-producing property is positioned as a solid investment with great potential for future growth. High Demand Area: Jupiter, FL, is known for its vibrant business environment and scenic surroundings. The demand for commercial properties in this area is consistently high, making this investment an attractive proposition for savvy investors. Investment Highlights: Secure Tenancy: The property boasts top-quality tenants with existing leases, ensuring a reliable and secure income stream for the discerning investor. Potential for Growth: Positioned in a thriving area with a mix of businesses and commercial activities, there is ample potential for future growth and increased property value. Versatile Spaces: The combination of a strip center, warehouse, and office plaza provides a versatile set of spaces suitable for a wide range of businesses, contributing to the property's appeal and long-term viability. Strategic Location: Situated near the intracoastal waterway and the Atlantic Ocean, the property enjoys a prime location in a highly sought-after area. This proximity enhances its attractiveness to businesses and tenants alike, providing a unique selling point. The property was built in 1972.

Essential Information

  • MLS® #RX-10937416
  • Price$2,720,000
  • Taxes$17,269 (2023)
  • Square Footage6,800
  • Acres0.49
  • Price/SqFt$400 USD
  • Year Built1972
  • TypeCommercial
  • Sub-TypeIndustrial, Retail
  • StatusActive

Community Information

  • Address1516 Cypress Dr #1
  • Area5060
  • SubdivisionKURTZ INDUSTRIAL PARK
  • CityJupiter
  • CountyPalm Beach
  • StateFL
  • Zip Code33469

Style

Income, Office/Warehouse, Retail

Amenities

  • UtilitiesPublic Sewer, Public Water

Interior

  • AppliancesBuilding and Land
  • HeatingOther
  • CoolingOther
  • # of Stories1

Exterior

  • Lot Description1460 Realty Condo
  • RoofOther

Additional Information

  • Days on Website159
  • ZoningC4

Listing Details

  • OfficeThe Keyes Company
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Price Change History for 1516 Cypress Dr #1, Jupiter, FL (MLS® #RX-10937416)

Date Details Change
Status Changed from Price Change to Active
Status Changed from Active to Price Change
Price Reduced from $2,890,000 to $2,720,000 $170,000 (5.88%)
Status Changed from New to Active

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