720-726 Lake Ave - Storefront FOR SALE


Lake Worth, FL 33460- Downtown Jewel
$1,500,000 USD
561-414-8567
720-726 Lake Ave, Lake Worth, FL for Sale
$1,500,000 USD
Storefront - FOR SALE
1/10
null | Request Cap Rate

720-726 Lake Ave
Lake Worth, FL 33460
Downtown Jewel


HIGHLIGHTS

  • 2,745 SF Multi-Tenant Retail Investment Portfolio in Historic Downtown Lake Worth.
  • 100% Occupied by Two Popular Destination Eateries - both Restaurant Spaces Include Grease Traps & Hoods.
  • Exceptional Pedestrian Traffic Fronting Lake Avenue and Lucerne Avenue, Amidst Historic Charm and a Vibrant Cultural Scene with Galleries and Theaters
  • Proximity to Beaches, Parks, and Popular Attractions Ensures Steady Foot Traffic.
  • Benefits from Ample Street Parking and an Adjacent Public Parking Lot for Customer Convenience.
  • Area hosts Annual & Monthly Events Drawing Crowds like the Street Painting Festival and Reggae Fest, Farmers Markets, Art Walks, and Street Festivals.

OVERVIEW

Lee & Associates presents a high-street retail, dual-restaurant investment property in the heart of vibrant Downtown Lake Worth Beach. Strategically located on the iconic Lake Avenue, this property showcases a commanding presence in one of South Florida’s most sought-after beach town markets. The 2745 SF multi-tenant property features two thriving restaurant hotspots, Brick Oven Pizza and Kanto Asian Cuisine both well known and popular amongst locals and tourists alike. Both restaurant units are fully equipped with grease traps and hoods. Nestled in the vibrant Historic Downtown Lake Worth Beach, this property 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.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$546 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

CAC

APN/PARCEL ID

38-43-44-21-15-508-0140

ASK ABOUT THIS PROPERTY

C. Todd EverettLee & AssociatesMore Info
561-414-8567

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C. Todd EverettLee & AssociatesMore Info
561-414-8567

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