218 F StLake Worth Beach, FL 33460

Property Details for 218 F St

Year built

1974

Construction

CONCRETE

Lot size

0.16 AC

Property size (Sq ft)

3,210 SF

Zone code

AI

Property type

Other commercial real estate

Property subtype

Showrooms

APN

38-43-44-21-15-079-0080

APU

38434421150790080

Description

This unique Lake Worth Beach property, located at 218 S F St, offers 3,210 square feet of versatile space in a 6,534 square foot lot, perfect for a commissary, production kitchen, or similar use. The building, constructed in 1974 and renovated in 2017, is a two-story structure with a 10+ foot ceiling height and is zoned AI - Artisanal Industrial. The property includes three units: a ground floor warehouse space featuring a walk-in cooler, grease trap, and hood, complemented by two charming one-bedroom, one-bathroom apartments on the second floor, providing potential rental income. Parking is available for three cars in the front, with additional spaces in the rear yard. The building is currently vacant, with an occupancy date of October 29, 2024. This mixed-use property offers a blend of industrial functionality and residential income potential, situated just three blocks from downtown Lake Worth Beach and a short drive from the I-95 interchange. The asking price is $1,360,000. The property features a Class B designation.

• CAP approach

  CAP return

  Valuation

  6%

  $1,212,612

  6.5%

  $1,119,334

  7%

  $1,039,381

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,250,254

  Geo Method

  $2,250,254

• Alternative Use

  Use

  Valuation

  Residential

  $944,200

  Hospitality

  $864,882

  Educational

  $719,572

  Medical

  $744,319

  Retail

  $1,119,334

Location Insight

City

Lake Worth

County

Palm Beach

State

Florida

Latitude

26.6129

Longitude

-80.0602

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].