409 Lk AveLake Worth Beach, FL 33460

This exceptional retail property at 409 Lake Avenue, Lake Worth Beach, Florida, presents a compelling investment opportunity. The 9,288 square foot building, constructed in 1957, boasts a strong 90% occupancy rate across four units, generating a substantial income stream under an Absolute NNN lease structure. The current lease has one year remaining, offering immediate cash flow and significant potential for future growth. The property's prime location directly across from the town green and City Hall ensures high visibility and accessibility. Its proximity to the intracoastal waterway and I-95 further enhances its desirability. The asking price is $3,995,000, representing a competitive 5.00% cap rate. While currently operating as a retail space, the substantial lot size (approximately 140' x 135') presents significant redevelopment potential for a mixed-use or multi-story residential building, allowing for substantial future value appreciation. This property offers a unique blend of immediate income and long-term growth potential in a thriving Florida market. The property's zip code is 33460, and it is located in Palm Beach County.