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The Lake Worth Commerce Centre 129 N Federal Hwy

8,667 SF 100% Leased Retail Building Lake Worth, FL 33460 $2,500,000 ($288/SF)

Investment Highlights

  • Value-Add Below Market Rents!
  • Ground floor offers a vacant bar, the "Oldest Bar in Palm Beach County"
  • Located at a signalized intersection with 220 feet of combined frontage: 120' frontage on 2nd Ave N, 100' on N Federal Hwy
  • 8,667 SF Historic Retail & Office Building
  • Built-in 1928 with masonry construction, 2 of the 3 buildings were reroofed October 2024
  • High walkability, minutes from I-95 and the beaches, Walking distance to Lake Ave & Lucerne Ave in Downtown Lake Worth!

Executive Summary

Lee & Associates, as exclusive advisor, presents 129 North Federal Highway, Lake Worth Commerce Centre, a prime investment opportunity located in the heart of historic downtown Lake Worth. This two-story, 8,667-square-foot retail and office property offers significant upside potential, situated on a high-visibility corner with frontage on both North Federal Highway and 2nd Avenue North. The property features four ground-floor retail suites totaling 5,679 square feet and four office suites on the second floor comprising 2,988 square feet. Tenants include popular destinations such as a pizzeria, a nightclub, and various office users.
REQUEST ACCESS TO FULL OFFERING MEMORANDUM!
Located in Lake Worth's vibrant and emerging downtown arts and entertainment district, this property offers excellent accessibility that benefits from 120 feet of frontage on 2nd Ave N and 100 feet on N Federal Hwy. It is within walking distance to downtown Lake Worth, offering easy access to local amenities and a lively pedestrian environment. The property is also conveniently located near major transportation routes just minutes from I-95, A1A and the beaches, providing easy connectivity with Palm Beach International Airport just a 14-minute drive away and Lake Worth Tri-Rail station only 1.3 miles away. The area is characterized by a growing population and strong demographics, making it an ideal location for retail and office tenants.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,667 SF
Building Class
C
Year Built
1928
Price
$2,500,000
Price Per SF
$288
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.66
Land Acres
0.30 AC
Zoning
DT - Downtown Zoning
Parking
7 Spaces (0.81 Spaces per 1,000 SF Leased)
Frontage
120 FT on 2nd Ave N

Amenities

  • Bus Line
  • Signalized Intersection
Walk Score ®
Very Walkable (89)
Bike Score ®
Very Bikeable (82)
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
38-43-44-21-15-026-0090
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$908,265
  • Listing ID: 33780371

  • Date on Market: 11/6/2024

  • Last Updated:

  • Address: 129 N Federal Hwy, Lake Worth, FL 33460

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