7281 Lk Worth RdLake Worth Beach, FL 33467

Property Details for 7281 Lk Worth Rd

Year built

1975

Construction

CONCRETE

Lot size

4.17 AC

Property size (Sq ft)

8,780 SF

Zone code

CS

Property type

Retail properties

Property subtype

Banks

APN

00-42-43-27-05-023-1240

APU

424327050231240

Description

This exceptional single-tenant executive office and bank space, totaling 8,673 square feet, is situated on a 4-acre lot in desirable Palm Beach County. The property boasts a convenient 1-story design, built in 1975, and offers ample parking with 150 spaces available. The building is zoned for commercial use, making it ideal for a variety of businesses. The property's strategic location on Lake Worth Road provides excellent visibility and accessibility. The single-tenant occupancy ensures ease of management and control. This property presents a rare opportunity to acquire a well-maintained, established commercial space in a high-traffic area. The substantial parking provision caters to both employees and clients, enhancing the overall convenience and appeal. The building's single-story layout offers efficient use of space and easy navigation. With its established presence and ample parking, this property is well-suited for a variety of professional uses, including executive offices and financial institutions. The 4-acre lot provides potential for future expansion or development, subject to local zoning regulations. The property's commercial zoning ensures flexibility for a range of business operations. This is a turnkey opportunity to acquire a valuable asset in a thriving Palm Beach County location. The property features four drive-thru lanes, adding to its unique and versatile functionality. This is a rare opportunity to own a well-established commercial property with significant potential for growth and return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $3,967,851

  6.5%

  $3,662,632

  7%

  $3,401,015

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,154,900

  Geo Method

  $6,154,900

• Alternative Use

  Use

  Valuation

  Residential

  $3,089,567

  Hospitality

  $2,830,027

  Educational

  $2,354,549

  Medical

  $2,435,526

  Retail

  $3,662,632

Location Insight

City

Lake Worth

County

Palm Beach

State

Florida

Latitude

26.6186

Longitude

-80.1615

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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