$2,297,419 USD
561-282-6246
1914 N Dixie Hwy
Lake Worth, FL 33460
College Park
HIGHLIGHTS
- Retail lease in place is significantly below market, presenting an opportunity to increase rents by up to 50% upon turnover or renewal.
- The retail space was recently re-leased with no downtime, demonstrating strong demand and ease of backfilling.
- Both the two-bedroom, one-bath and studio apartment units have been recently renovated, providing attractive housing options and stable income.
- Ownership has invested substantially in the property, including a new roof, hurricane-impact windows, exterior stucco, and upgraded LED lighting
- Positioned along a highly visible corridor of North Dixie Hwy with over 20,300 vehicles passing daily, the property benefits from excellent exposure
- Located in a thriving neighborhood with an average household income of $91,467 within a one-mile radius, supporting both retail and residential demand
FOR SALE DETAILS
PRICE
$2,297,419 USD
PRICE/SF
$498 USD /SF
CAP RATE
3.92%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1952
SPRINKLERS
-
PARKING SPACES
6
LAND DETAILS
CROSS STREETS
Vanderbilt Dr
LAND ACRES
0.11 AC
LAND SF
4,791 SF
ZONING
HIC1
APN/PARCEL ID
38-43-44-15-07-000-8230
ASK ABOUT THIS PROPERTY
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561-282-6246
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561-282-6246
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