202 N Federal Hwy - Restaurant FOR SALE


Lake Worth, FL 33460- Parrot Cove
$2,300,000 USD
561-707-5120
202 N Federal Hwy, Lake Worth, FL for Sale
$2,300,000 USD
Restaurant - FOR SALE
1/24
null | Request Cap Rate

NEW


202 N Federal Hwy
Lake Worth, FL 33460
Parrot Cove


HIGHLIGHTS

  • ?Hard Corner Location with Traffic Signal
  • .45 Acre Lot
  • ?Ample Parking
  • Flexible Zoning

OVERVIEW

202 N Federal Hwy at 202 N Federal Hwy, Lake Worth Beach, FL 33460 offers a rare opportunity to acquire a highly visible freestanding commercial building in the heart of Downtown Lake Worth Beach. Positioned on the northeast corner of North Federal Highway and 2nd Avenue N, this signalized corner site delivers exceptional frontage, access, and exposure.? The property features a 5,411 SF one-story commercial building situated on a 0.45-acre (19,602 SF) lot, with approximately 150 feet of frontage on Federal Highway and 130 feet on 2nd Avenue N.? Currently configured as a non-medical office building, the site includes on-building signage, 20 surface parking spaces with room for more, open ceilings, exposed smooth concrete floors, and three HVAC units. Zoned MU-E (Mixed Use East), this asset offers outstanding flexibility for a wide range of uses, including retail, restaurant, coffee shop, financial services, professional office, gym, day spa, pet grooming, school, church, lodging, and multifamily residential up to 30 units per acre. Built in 1929 and located in Flood Zone X, this is an ideal opportunity for an owner-user, investor, or redevelopment play in one of South Florida’s vibrant downtown markets.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$425 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

MU-E

APN/PARCEL ID

38-43-44-21-15-042-0010,38-43-44-21-15-042-0020,38-43-44-21-15-042-0030

ASK ABOUT THIS PROPERTY

Christopher FlemingStrategic Realty Services, LLCMore Info
561-707-5120

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Christopher FlemingStrategic Realty Services, LLCMore Info
561-707-5120

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.