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114-118 S H St

5,975 SF 100% Leased Industrial Building Lake Worth Beach, FL 33460 $1,900,000 ($318/SF)

Investment Highlights

  • Auto repair use established.
  • 2 Separate buildings
  • Existing paint spray booth.

Executive Summary

Two separate buildings totaling ~6000 sq. ft. on a 75x135' lot. 1 1/2 blocks S. of Lake Ave in downtown Lake Worth Beach.
Current zoning is Artisinal Industrial.
Building 1, 114 S H St.:
50'x77' for ~3850 sqft.
CBS construction with twin T concrete roof., 17' clear ceiling height.
Four 10'x14' rollup doors. East-West orientation for good ventilation.
Currently used as a single unit, but could be two separate bays. Plumbing and electrical in place.
Building 2, 118 S H St.:
25x85' for ~2125 sq.ft.
CBS construction. 12' clear ceiling. 10x12' rollup door in front and 10x10 at rear.
Permitted auto paint spray booth in place. Has been rented as an auto paint and body shop for many years.
Both building allow parking in front and space in rear for parking/work area.
Owner has been operating his Auto Repair specialist shop from 114 S H St for over 25 years and will need time
after closing to relocate and vacate premises. Willing to lease back for a negotiated short term.
Sale conditions:
For sale by owner with 2.5% compensation for buyer's broker.
Possible seller financing with 40% down payment and 7 year balloon.

Property Facts

Price $1,900,000
Price Per SF $318
Sale Type Investment or Owner User
Sale Conditions Sale Leaseback
Property Type Industrial
Property Subtype
Warehouse
  • Flex Light Manufacturing
  • Industrial Service
Building Class C
Lot Size 0.23 AC
Rentable Building Area 5,975 SF
No. Stories 1
Year Built 1989
Parking Ratio 3.9/1,000 SF
Clear Ceiling Height 17 FT
No. Drive In / Grade-Level Doors 4

Utilities

  • Lighting
  • Water
  • Sewer
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Biker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
38-43-44-21-15-053-0080
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$457,601

zoning

Zoning Code Artisinal Industrial (Retail service; light manufacturing; Auto Service, Repair and Painting)
Artisinal Industrial (Retail service; light manufacturing; Auto Service, Repair and Painting)
  • Listing ID: 32006364

  • Date on Market: 6/4/2024

  • Last Updated:

  • Address: 114-118 S H St, Lake Worth Beach, FL 33460

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