This 9,096 square foot retail plaza at 1225 North Military Trail in West Palm Beach sits on 0.8 acres within a federally designated Opportunity Zone, offering both immediate cash flow and long-term tax advantages. The property is 100% leased with below-market rents and has been held by a single owner for over 30 years, marking its first availability in decades.
This 9,096 square foot retail plaza at 1225 North Military Trail in West Palm Beach sits on 0.8 acres within a federally designated Opportunity Zone, offering both immediate cash flow and long-term tax advantages. The property is 100% leased with below-market rents and has been held by a single owner for over 30 years, marking its first availability in decades.
Building & Improvements
Originally constructed in 1976, the single-story commercial structure is currently undergoing a series of capital improvements: a new roof installation, full exterior painting, parking lot re-striping, and fresh landscaping. Nine restrooms serve the tenant spaces across the plaza. Central air conditioning and electric heating service the building throughout.
Site Configuration & Access
The 0.8-acre parcel features two separate entrances and exits along North Military Trail, providing flexible ingress and egress for tenant customers. Two lighted sign posts front the property, giving visibility along this high-traffic north-south corridor. The parking lot is being re-striped as part of the current improvement program.
Location & Opportunity Zone
North Military Trail is a primary commercial artery running through central Palm Beach County. The property's location within a designated Opportunity Zone allows qualifying investors to defer and potentially reduce capital gains taxes under the program's federal guidelines. Palm Beach International Airport is approximately six miles south, a 12-minute drive. Downtown West Palm Beach and the Clematis Street corridor are roughly four miles east.
Investment Considerations
Current leases are structured as gross leases rather than triple-net (NNN), meaning the landlord carries operating expenses. With all units occupied at below-market rates, a new owner has a clear path to rental upside at lease renewal. The combination of Opportunity Zone eligibility, below-market lease rolls, and newly completed capital improvements positions this as a value-add retail asset with day-one income.
Key Features
- 100% occupied retail plaza with below-market lease rates
- Located in a federally designated Opportunity Zone
- New roof installation in progress
- Full exterior painting and parking lot re-striping underway
- Two lighted sign posts for tenant visibility on North Military Trail
- Dual entrances and exits for convenient site circulation
- Gross lease structure (not NNN)
- First time offered for sale in over 30 years
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