Listed by Ocean Delray Real Estate
$3,995,000
409 Lake Avenue
Details
APN 38434421150250060
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 9,778
Units 4
Cap Rate 2.00%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Remaining Term 2
Broker Co-Op Yes
Class B
Year Built 1957
Buildings 1
Stories 1
Acreage 0.434
Investment Type Value Add
Well located development parcel in Lake Worth, Florida
Marketing description
This well located, amazing parcel sits directly across from the town green and City Hall in highly desirable Lake Worth Beach, FL. Minutes from the intracoastal waterway and I-95, this prime piece of real estate offers long term income via continued income stream with existing Tenants or massive potential redevelopment of a mixed use, multi story residential building. Lot Size approx. 140' x 135'.
Investment highlights
Incredible opportunity to buy in upcoming Lake Worth one block from the Intracoastal
Listing Contacts
Listed by Ocean Delray Real Estate
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