800 Lake Ave - Restaurant FOR SALE


Lake Worth, FL 33460- Downtown Jewel
$3,500,000 USD
561-414-8567
800 Lake Ave, Lake Worth, FL for Sale
$3,500,000 USD
Restaurant - FOR SALE
1/7
null | Request Cap Rate

800 Lake Ave
Lake Worth, FL 33460
Downtown Jewel


HIGHLIGHTS

  • 9,750 SF Multi-Tenant Mixed-Use Investment Property in Historic Downtown Lake Worth.
  • Ground Floor High Street Retail with Vacant Storefront Great for Owner-User or Investor Seeking Upside.
  • Second Floor Apartments can be Converted to Office Suites for Ultimate Flexibility.
  • Exceptional Corner Property Fronting both Lake Ave and N J St - Corner Unit Features Walk-In Refrigerator and Kitchen Sink and Outdoor Patio Seating.
  • Exceptional Pedestrian Traffic Fronting Lake & Lucerne Ave, located amidst historic charm and a vibrant cultural scene with galleries and theaters.
  • Proximity to beaches, parks, and popular attractions ensures steady foot traffic, and annual events like the Street Painting & Reggae Festivals.

OVERVIEW

Lee & Associates presents a versatile high-street retail mixed-use investment property in the epicenter of Historic Downtown Lake Worth Beach, where small beach town charm meets a vibrant cultural mosaic of a bustling fast paced metro market. With exceptional corner frontage along iconic Lake Avenue at N J St, this property commands presence in one of South Florida’s most sought-after beach town markets. The 9,750 SF multi-tenant property with a second-floor multifamily units and ground floor marquee retail tenant spaces once occupied by one of the most popular watering holes in the neighborhood, featuring retail storefront windows, walk-In refrigerator and kitchen sink for food preparation, and small outdoor patio seating area, now vacant and ready for an Owner-User or Investor seeking upside potential. The second floor apartments can easily be converted into dynamic office suites offering ultimate tenant-mix flexibility. 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 proximity to free public parking lots for added convenience to customers and tenants. 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

$3,500,000 USD

PRICE/SF

$359 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,002 SF

ZONING

CAC

APN/PARCEL ID

38-43-44-21-15-507-0090

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 Notice.