Address
507-509 Northwood Rd, West Palm Beach, FL
Price
$ 550,000
Property Attributes
  • MLS#A11387215
  • TypeBusiness Op
  • CountyPALM BEACH
  • CityWest Palm Beach
  • Area5420
  • Zip33407
  • Style
  • Year Built1945
  • Taxes$ 6556
  • Price$ 550,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4050
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description

Amazing Business Opportunity in the busy West Palm Beach location! Purchase and Own well established coffee, cigars/hookah and bar lounge. 4COP dual license, outdoor bar and dance area. Capacity of 100. Excellent venue for any event party. Operational hours: 7 am till 12 Midnight; and events/venue can stay longer till 2 am. Kitchen is fully equipped and licensed to operate as a restaurant and certainly will add value to the lounge once new owner provides various food service. Current owner co-operates with several catering companies. Employees: Baristas, Bartenders; Subcontractors: DJ and catering workers. Applicable for either L1 and E2 visa.

Price History
5/15/2023 Listed $550,000

General Features

Sewer PublicSewer
Year Built 1945
Tax Year 2022
Building Name Harolds's Coffee Shop
County Palm Beach County
Insurance Expense 2538.0
New Construction No
Property Type BusinessOpportunity
HOA / Comm Assn No
Attached Garage No
Garage Y/N No
Status Active
City West Palm Beach
Buyer Agent Compensation 3.00%
View Y/N No
Senior Community Y/N No
Zoning Description NMUD-TRA
MLS Area 5420
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Northwood Rd
Listing Terms Cash
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 6556.0
Home Warranty Y/N No
Lease Renewal Y/N No
MLS Area Minor Palm Beach 5420; 5430; 5440
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11387215
Days on Market 234
Standard Status Active
Occupancy Description Tenant
MobileHomeRemainsYN No
PostalCity West Palm Beach
Legal Description NORTHWOOD ADD LT 40 BLK 50

Interior Features

Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Electric On Property Y/N No

Exterior Features

Water Source Public
Spa No
Building Area Total 4050.0
Lot Size Units SquareFeet
Covered Spaces 0.0
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Business Op Average in 33407

Price
AVG $300K
$550K
Taxes
AVG $6,556
$6,556
Visits
AVG 124
267
Data Provided by Inside Real Estate®
Year Built
AVG 1990
1945
Walkscore
AVG 87
87
Data Provided by Walkscore® not using MLS data

Your Agent

Michael Skovron PA, Realtor®, Real Estate Concierge

British, Proud Dad, Loyal Friend, Foodie, Home Chef, Nature Lover, Soccer Fan

954-303-6060

Larysa Torkaman

561-909-9575

Listed By
This listing is courtesy of Weichert, Realtors – Capella Estates;

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