124 H StLake Worth Beach, FL 33460

Property Details for 124 H St

Year built

1982

Construction

CONCRETE

Lot size

0.23 AC

Property size (Sq ft)

5,920 SF

Zone code

AI

Property type

Retail properties

Property subtype

Auto shops

APN

38-43-44-21-15-053-0050

APU

38434421150530050

Description

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.

• 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

Property Tax & Assessments

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