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.
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.
“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.
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.
“The building is beautiful. I love the town,’’ he said. “The Bamboo Room and Rudy’s are both doing great. So, I figured I'd just see, post-COVID, what the real-estate market is.’’
If Goldring unloads the building, the new owner would have to keep the Bamboo Room and Rudy’s for at least four more years, under terms of leases.
“Incredible opportunity to purchase this iconic building situated in the heart of downtown Lake Worth,’’ reads the real estate listing. “The Bamboo Room along with two other dining and live-music venues is an entertainer’s dream. The property features incredible indoor and outdoor spaces. On the second floor, there is an expansive ballroom perfect for hosting events, with a balcony overlooking an oversized outdoor patio terrace.
“This property is equipped with bars on both floors and a complete kitchen. Adjacent to The Bamboo Room, you'll find Rudy's Pub and Da Vine Tapas, two smaller spaces. The building and its grounds have been meticulously maintained, ensuring an attractive appearance and tenant satisfaction. Detailed rent roll information, floor plans, additional photos, and lease details are available for interested parties.’’
This is a developing story. Check back for updates.
© 2023 ByJoeCapozzi.com
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About the author
Joe Capozzi is an award-winning reporter based in Lake Worth Beach. He spent more than 30 years writing for newspapers, mostly at The Palm Beach Post, where he wrote about the opioid scourge, invasive pythons, the birth of the Ballpark of the Palm Beaches and Palm Beach County government. For 15 years, he covered the Miami Marlins baseball team. Joe left The Post in December 2020. View all posts by Joe Capozzi.