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1233 Old Dixie Hwy
Lake Park, FL 33403
1233 Old Dixie Highway · Industrial Property For Sale

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INVESTMENT HIGHLIGHTS

  • Rare, small bay industrial complex
  • Direct frontage on Old Dixie Highway
  • Tremendous upside to increase rents

EXECUTIVE SUMMARY

Property: 30,750 ± sf, 3-building, small-bay industrial complex for sale. The west building fronts Old Dixie Highway and those units are rear loaded with storefront entrances. The middle and east buildings are front loaded and are rented to a variety of small businesses, storage tenants, hobbyists, car collectors, etc. All units have at least one (1) 10’ x 10’ overhead door and share common area bathrooms which are located in each building. The buildings were constructed in 1974 and consist of (CBS) concrete, block and stucco with a concrete and built-up roof system.
Electric: Each building has one house electrical meter. Electric is currently included in rent.
Location: Located in the very active and popular “Northlake Business Park” just east of Interstate 95 at the Northlake Boulevard exit in northern Palm Beach County. Old Dixie Highway is a signalized intersection 1.15 miles east of Interstate 95.
Zoning: (C-4) Business District, Lake Park. This zoning allows a variety of uses including; but not limited to: office/warehouse uses, certain retail uses, personal and automobile storage, hobby shops and independent car dealerships (with parking inside the unit).
See attached marketing brochure for full details.

PROPERTY FACTS

Sale Type Investment
Cap Rate 4.82%
Property Type Industrial
Property Subtype
Warehouse
  • Flex Showroom
Building Class C
Lot Size 2.00 AC
Rentable Building Area 30,750 SF
No. Stories 1
Year Built 1974
Parking Ratio 4.39/1,000 SF
Clear Ceiling Height 12’
No. Drive In / Grade-Level Doors 1
Zoning C4 - Business District - (C4) Business District, Lake Park, FL. Zoned for a variety of retail, office and light industrial uses.

AMENITIES

  • Signage
  • Shallow Bay
  • Storage Space

UTILITIES

  • Lighting
  • Water
  • Sewer

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
36-43-42-20-00-000-3150
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,597,587
  • Listing ID: 32508153

  • Date on Market: 7/18/2024

  • Last Updated:

  • Address: 1233 Old Dixie Hwy, Lake Park, FL 33403

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