Share This Listing

Message

928 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

The Lake Worth Commerce Centre 129 N Federal Hwy 8,667 SF 100% Leased Retail Building Lake Worth, FL 33460 $3,210,616 CAD ($370.44 CAD/SF)

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Value-Add Below Market Rents! Significant Upside Potential
  • Ground floor features the "Oldest Bar in Palm Beach County" among other popular destinations
  • Located at a signalized intersection with 220 feet of combined frontage: 120' frontage on 2nd Ave N, 100' on N Federal Hwy
  • 100% Occupied Historic Retail & Office Building with Immediate Cash Flow
  • 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. The property is 100% occupied with popular destinations such as a pizzeria, a nightclub, the "Oldest Bar in Palm Beach County", 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
$3,210,616 CAD
Price Per SF
$370.44 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.66
Lot Size
0.30 AC
Zoning
DT - Downtown Zoning
Parking
7 Spaces (0.81 Spaces per 1,000 SF Leased)
Frontage
120’ on 2nd Ave N

AMENITIES

  • Bus Line
  • Signalized Intersection
Walk Score®
Walker's Paradise (91)
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.®

NEARBY MAJOR RETAILERS

NY Pizza Department
Starbucks
Publix
Chase Bank
Bank of America
PNC Bank
TooJay’s Deli Bakery Restaurant
Checkers

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
38-43-44-21-15-026-0090
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,278,662 CAD
  • Listing ID: 33780371

  • Date on Market: 2024-11-06

  • Last Updated:

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

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}