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606 Lake Avenue 606 Lake Ave 7,064 SF Retail Building Lake Worth Beach, FL 33460 $4,117,964 CAD ($582.95 CAD/SF) 7.59% Cap Rate
INVESTMENT HIGHLIGHTS
- Central core of the City, lots of foot traffic
- Walk up windows
- Incredible condition
- Excellent Exposure
- Could be purchased with adjoining parking lot to the north
- Fully equipped kitchen
EXECUTIVE SUMMARY
**606 Lake Avenue - Lake Worth Beach, Florida** An exceptional opportunity awaits with this prime commercial property in the heart of Downtown Lake Worth Beach. Located at 604-606 Lake Avenue, this property boasts a fully equipped restaurant with a commercial building encompassing 7,064 square feet, featuring 20-foot ceilings and premium construction quality. This building has two bars, lavatories, stage area, storage on 1st and 2nd floor, Walk in coolers, walk up windows, cafe seating available, top quality restaurant equipment, alarm system, fire system, high quality hood system, Etc. Etc. This property is located in the heart of the vibrant Downtown Lake Worth Beach Business District. This property is attached to a .32 acre parcel to the rear which could be purchased along with this building. Tons of opportunities here, call broker asap for more details. Don't miss out on this versatile property with endless opportunities for growth and investment.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
7,064 SF
Building Class
C
Year Built/Renovated
1999/2023
Price
$4,117,964 CAD
Price Per SF
$582.95 CAD
Cap Rate
7.59%
NOI
$312,686 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.81
Lot Size
0.20 AC
Zoning
DT - Downtown Lake Worth Beach, Most retail uses and professional.
Frontage
85’ on Lake Avenue
AMENITIES
- 24 Hour Access
- Corner Lot
- Restaurant
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Currently Vacant Owner
- Arts, Entertainment, and Recreation
- 7,062 SF
- $69.80 CAD
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Currently Vacant Owner | Arts, Entertainment, and Recreation | 7,062 SF | $69.80 CAD | Triple Net | - |
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 38-43-44-21-15-509-0100 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,497,547 CAD |
PROPERTY TAXES
Parcel Number
38-43-44-21-15-509-0100
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,497,547 CAD
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606 Lake Avenue | 606 Lake Ave
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