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818 N Dixie Hwy 2,843 SF 65% Leased Retail Building Lake Worth, FL 33460 $2,300,743 CAD ($809.27 CAD/SF) 6% Cap Rate
Investment Highlights
- Prominent street frontage provides excellent signage opportunities in a densely populated area with consistent drive-by exposure
- Updated interior with contemporary finishes, featuring a practical open layout ideal for professional services or boutique retail concepts
- Situated in a vibrant neighborhood experiencing ongoing redevelopment, contributing to a growing business and residential base
- Located near downtown Lake Worth Beach, offering proximity to restaurants, retail shops, and essential community services
- Easy accessibility to major routes including I-95 and nearby public transportation options for tenant and customer convenience
Executive Summary
Dynamic 2 building portfolio with a 16 car parking lot fronting on North Dixie Hwy. a block from 10th. Ave N. With quick access to I-95. Up front is a commercial space leased for $ 2,500.00 per month. In the rear is a 2-story 4 apartment building with 3 each leased at $ 2,000.00 per month and a studio apartment for $ 1,200.00 per month. All fully renovated. All for $ 1,650,000.00 yielding a 6 CAP.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,843 SF
Building Class
C
Year Built
1949
Price
$2,300,743 CAD
Price Per SF
$809.27 CAD
Cap Rate
6%
NOI
$138,045 CAD
Percent Leased
65%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.44
Lot Size
0.15 AC
Zoning
MU-DIXIE
Parking
5 Spaces (2.1 Spaces per 1,000 SF Leased)
Frontage
22’ on Dixie Hwy
Amenities
- Bus Line
Space Availability
- Space
- Size
- Space Use
- Position
- Available
$3,000/mo NNN
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,000 SF | Retail | - | Now |
1st Floor
| Size |
| 1,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 1,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
$3,000/mo NNN
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 38-43-44-21-15-244-0050 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $624,839 CAD |
Property Taxes
Parcel Number
38-43-44-21-15-244-0050
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$624,839 CAD
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818 N Dixie Hwy
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