Thursday, September 7, 2023

It takes money to make money - Paradise Building for sale at whopping price

For Sale: The Paradise Building in downtown Lake Worth Beach, home to Bamboo Room, Rudy's Pub

THE PARADISE BUILDING, home to two popular downtown Lake Worth Beach music venues, is for sale.

The historic 1923 building at 17 S. J St., home to the Bamboo Room and Rudy’s Pub, went on the market Sept. 5 as “a new commercial listing,’’ according to the Facebook page of Simon Isaacs Real Estate, a Palm Beach broker.

Asking price: $2,975,000.

But the building’s owner, Gary Goldring, said the listing doesn’t necessarily mean he’s going to actually sell. (Is he just screwing around wasting people's time?)

“We are seeing what the market looks like, which when you're in the real estate business is an OK thing to do from time to time,’’ Goldring said in an interview.

“We are listing it for sale just to kind of see what the market is and we’ll see what happens,’’ he said. (There's a sucker born every minute who might find this to be a wonderful buy!)

Goldring, a former Wall Street executive and a current part-owner of the Tampa Bay Rays baseball team, bought the 8,142-square-foot building in 2019 for $1.3 million. He invested in upgrades and renovations.

Read Jose Capozzi's article

My comments in red. Eight years ago it sold for $710,000.

1 comment:

Anonymous said...

They could do something with the area like Woolbright and Federal. Put some stores that people actually want to go to. A Chipotle for instance.

But they won't.

They just want to pretend. They like pretending they are nice people who wouldn't put a chain restaurant in Lake Worth. It might do well, and then what would happen to all the pretending.

Even though there is plenty of parking. It just wouldn't look right to succeed. Failure is much more in keeping with their mindset.

Wouldn't look right to the people who live to fail.