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409 Lake Ave

9,778 SF 100% Leased Retail Building Lake Worth, FL 33460 $3,995,000 ($409/SF) 2.20% Cap Rate

Storefront Properties Florida Lake Worth 409 Lake Ave, Lake Worth, FL 33460

Investment Highlights

  • Offers long term income via continued income stream with existing Tenants or potential redevelopment for mixed-use, multi-story residential building.
  • Minutes from the intracoastal waterway and I95
  • Sits directly across from the town green and City Hall in highly desirable Lake Worth Beach, FL
  • Incredible opportunity to buy in upcoming Lake Worth one block from the Intracoastal

Executive Summary

This well located, amazing parcel sits directly across from the town green and City Hall in highly desirable Lake Worth Beach, FL. Minutes from the intracoastal waterway and I95, this prime piece of real estate offers long term income via continued income stream with existing Tenants or massive potential redevelopment of a mixed use, multi story residential building.
Lot Size approx. 140' x 135'

Attachments

Survey 409 Lake Ave

Property Facts

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront
Building Size
9,778 SF
Building Class
B
Year Built
1957
Price
$3,995,000
Price Per SF
$409
Cap Rate
2.20%
NOI
$88,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.52
Land Acres
0.43 AC
Zoning
CAC - General Commercial
Parking
24 Spaces (2.45 Spaces per 1,000 SF Leased)
Frontage
133 FT on Lake Ave

Amenities

  • Bus Line
  • Signage
1 of 1
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (88)
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.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 38-43-44-21-15-025-0060 Improvements Assessment $1,083,402
Land Assessment $751,086 Total Assessment $1,834,488

PROPERTY TAXES

Parcel Number
38-43-44-21-15-025-0060
Land Assessment
$751,086
Improvements Assessment
$1,083,402
Total Assessment
$1,834,488
(561) 716-8090

  • Listing ID: 28616989

  • Date on Market: 5/31/2023

  • Last Updated:

  • Address: 409 Lake Ave, Lake Worth, FL 33460

More public record information on 409 Lake Ave, Lake Worth, FL 33460

The Retail Property at 409 Lake Ave, Lake Worth, FL 33460 is currently available For Sale. Contact Apollo Investment & Real Estate Holdings LLC for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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409 Lake Ave
(561) 716-8090 x

409 Lake Ave

Chris Nicotra

(561) 716-8090

(561) 716-8090

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