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805 Lucerne Ave 2,550 SF 100% Leased Retail Building Lake Worth, FL 33460 $1,661,892 CAD ($651.72 CAD/SF)



INVESTMENT HIGHLIGHTS
- 2,550 SF High Street Retail Storefront in Historic Downtown Lake Worth.
- Exceptional Pedestrian Traffic Fronting Lake Avenue and Lucerne Avenue, amidst Historic Charm and a Vibrant Cultural Scene with Galleries & Theaters.
- Benefits from ample street parking and an adjacent public parking lot for customer convenience.
- Leased to a Long-Standing Tenant on a Month-to-Month Lease - Great Flexibility for Owner-User or Investor Seeking Upside Opportunities.
- Proximity to beaches, parks, and popular attractions ensures steady foot traffic.
- Area Hosts Annual & Monthly Events Drawing Crowds like the Street Painting Festival and Reggae Fest, Farmers Markets, Art Walks, and Street Festivals.
EXECUTIVE SUMMARY
Lee & Associates presents a high-street retail storefront occupied by the popular Downtown Dance studio in the heart of vibrant Downtown Lake Worth Beach. Strategically located on the iconic Lucerne Avenue, this property boasts a versatile ±2,550 SF retail/office property with a commanding presence in one of South Florida’s most sought-after beach town markets. The property is presently occupied by a long-term dance studio that is currently on a month-to-month lease, offering low-risk stability and immediate cash flow. The property, complete with two roll-up doors in the back, is deal for its current use or a multitude of retail and office services uses, great for a new owner-user or an investor seeking upside opportunities.
Nestled in the vibrant Historic Downtown Lake Worth Beach, this portfolio enjoys unparalleled visibility and foot traffic within a walkable, pedestrian-friendly setting. Beyond its premier location, this property benefits from ample street parking and adjacency to a free public parking lots for added convenience to 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.
Nestled in the vibrant Historic Downtown Lake Worth Beach, this portfolio enjoys unparalleled visibility and foot traffic within a walkable, pedestrian-friendly setting. Beyond its premier location, this property benefits from ample street parking and adjacency to a free public parking lots for added convenience to 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
Sale Type
Investment
Property Type
Building Size
2,550 SF
Building Class
C
Year Built
2002
Price
$1,661,892 CAD
Price Per SF
$651.72 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.73
Lot Size
0.08 AC
Zoning
CAC
Parking
2 Spaces (0.78 Spaces per 1,000 SF Leased)
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 38-43-44-21-15-507-0060 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $784,743 CAD |
PROPERTY TAXES
Parcel Number
38-43-44-21-15-507-0060
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$784,743 CAD
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805 Lucerne Ave
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