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Beach Town High Street Retail

2 Retail Properties Offered at $5,000,000 in Lake Worth, FL

Investment Highlights

  • 9,745 SF Multi-Tenant Retail Investment Property in Historic Downtown Lake Worth.
  • 115 feet of storefront exposure along iconic Lake Avenue, located amidst historic charm and a vibrant cultural scene with galleries and theaters.
  • Area hosts annual events like the Street Painting Festival and Reggae Fest, and monthly Farmers Markets, art walks, and street festivals.
  • Includes a 7,000 SF vacant retail space and a 2,745 SF property fully occupied by two restaurant tenants.
  • Proximity to beaches, parks, popular attractions ensures steady foot traffic, and benefits from ample street parking and adjacent public parking lot
  • Ideal for users and investors seeking to capitalize on Downtown Lake Worth's dynamic energy.

Executive Summary

Lee & Associates, as exclusive advisor, presents for sale a 9,745 multi-tenant retail investment property located in the heart of Historic Downtown Lake Worth, where small beach town charm meets the vibrant cultural mosaic of a bustling, fast-paced metro market. This combined property offers a unique investment opportunity with both vacant and occupied spaces, making it ideal for investors seeking immediate income or users looking to customize space to maximize exposure.
REQUEST ACCESS TO FULL OFFERING MEMORANDUM!
The contiguous property features approximately 115 feet of prime storefront exposure along the iconic Lake Avenue, commanding attention in a bustling thoroughfare renowned for its pedestrian-friendly ambiance and eclectic mix of boutique shopping, dining options, live entertainment venues, and community events, and creating an irresistible draw for locals and tourists alike. The first building, a 7,000 SF retail storefront, is currently vacant, offering flexibility for various business types. The second 2,745 SF adjacent building is fully occupied by two established restaurant tenants, further diversifying the income potential.
Beyond its premier location, this property benefits from ample street parking and adjacency to a free public parking lot located at the rear of the building, providing added convenience for customers. As a focal point of Downtown Lake Worth, the area hosts a myriad of annual events, including the acclaimed Street Painting Festival and Reggae Fest, which celebrate art and Caribbean culture. Additionally, monthly highlights such as Farmers Markets, art walks, and street festivals enrich the vibrant tapestry of community life, making this locale an enticing destination for discerning businesses and investors seeking to capitalize on the dynamic energy of Downtown Lake Worth.

Property Facts

Price $5,000,000
Price / SF $513.08 / SF
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 9,745 SF
Total Land Area 0.24 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
716 Lake Ave, Lake Worth, FL 33460 Retail 7,000 SF 1945 -
720-726 Lake Ave, Lake Worth, FL 33460 Retail 2,745 SF 1925 -
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  • Listing ID: 33352658

  • Date on Market: 9/30/2024

  • Last Updated:

  • Address: Beach Town High Street Retail, Lake Worth, FL

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