This exceptional 5,920 square foot industrial warehouse is ideally situated in the heart of Downtown Lake Worth Beach, Florida, boasting a prime location at 124 S H Street, zip code 33460. The property features a single-tenant occupancy and is zoned AI(cit), with APN 38434421150530050. The building is constructed of concrete block and offers ample parking both in front and in the rear, providing convenient access for loading and unloading. Inside, the warehouse includes one paint spray booth equipped with a M&W DG26A down draft system, and a second paint spray booth with a 99700 down draft system and heat. A dedicated paint mixing room enhances functionality. The property benefits from upgraded three-phase electrical service, ensuring sufficient power for various industrial applications. An on-site office with a bathroom provides convenient workspace, and a second-floor storage area offers additional space for inventory or equipment. This well-maintained warehouse presents a fantastic opportunity for businesses seeking a versatile and strategically located industrial space in a thriving Florida community. The lot size is not currently available.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,236,343
6.5%
$2,064,316
7%
$1,916,865
Comparable approach
Method
Valuation
Relative Method
$4,150,000
Geo Method
$4,150,000
Alternative Use
Use
Valuation
Residential
$1,741,328
Hospitality
$1,595,047
Educational
$1,327,060
Medical
$1,372,700
Retail
$2,064,316
Location Insight
City
Lake Worth
County
Palm Beach
State
Florida
Latitude
26.6139
Longitude
-80.0582
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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