409 Lake AveLake Worth, FL 33460

Property Details for 409 Lake Ave

Year built

1957

Construction

CONCRETE

Lot size

0.43 AC

Property size (Sq ft)

9,288 SF

Zone code

DT

Property type

Retail properties

Property subtype

Strip malls

APN

38-43-44-21-15-025-0060

APU

38434421150250060

Description

This exceptional single-tenant retail property at 409 Lake Avenue in Lake Worth Beach, Florida, presents a unique investment opportunity. The property, zoned DT(cit), features a total of 9,288 square feet situated on a lot with dimensions not specified in the provided information. The building consists of a single suite, ideal for a variety of retail businesses. The property's location offers high visibility and easy accessibility, making it an attractive option for businesses seeking a strong presence in a thriving community. The property is offered as a Triple Net Lease at a competitive rate of $40 per square foot. The address is 409 Lake Avenue, Lake Worth Beach, FL 33460, with coordinates 26.6155847 latitude and -80.0529793 longitude. The property's APN is 38434421150250060. While the marketing materials mention a 900 sq ft end-cap space, the total building size is listed as 9,288 sq ft. This discrepancy requires clarification. This property is a special purpose building, suitable for a business seeking a prominent location in a busy area. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $3,508,640

  6.5%

  $3,238,745

  7%

  $3,007,406

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,511,014

  Geo Method

  $6,511,014

• Alternative Use

  Use

  Valuation

  Residential

  $2,732,002

  Hospitality

  $2,502,500

  Educational

  $2,082,050

  Medical

  $2,153,655

  Retail

  $3,238,745

Location Insight

City

Lake Worth

County

Palm Beach

State

Florida

Latitude

26.6155

Longitude

-80.0531

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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