805 Lucerne Ave - Retail FOR SALE


Lake Worth, FL 33460- Downtown Jewel
$1,200,000 USD
561-414-8567
805 Lucerne Ave, Lake Worth, FL for Sale
$1,200,000 USD
Retail - FOR SALE
1/12
null | Request Cap Rate

805 Lucerne Ave
Lake Worth, FL 33460
Downtown Jewel


HIGHLIGHTS

  • 2,550 SF High Street Retail Storefront in Historic Downtown Lake Worth.
  • 100% Occupancy, Leased to a Long-Standing Tenant on a Month-to-Month Lease - Great for Owner-User or Investor Seeking Upside Opportunities.
  • Exceptional Pedestrian Traffic Fronting Lake Avenue and Lucerne Avenue, amidst Historic Charm and a Vibrant Cultural Scene with Galleries & 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 storefront occupied by the popular Downtown Dance studio in the heart of vibrant Downtown Lake Worth Beach. Strategically located on the iconic Lucerne Avenue, this property boasts a versatile ±2,550 SF retail/office property with a commanding presence in one of South Florida’s most sought-after beach town markets. The property is presently occupied by a long-term dance studio that is currently on a month-to-month lease, offering low-risk stability and immediate cash flow. The property, complete with two roll-up doors in the back, is deal for its current use or a multitude of retail and office services uses, great for a new owner-user or an investor seeking upside opportunities. 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 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

$1,200,000 USD

PRICE/SF

$471 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,501 SF

ZONING

CAC

APN/PARCEL ID

38-43-44-21-15-507-0060

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.