129 N Federal Hwy - Storefront Retail/Office FOR SALE


Lake Worth, FL 33460
$2,500,000 USD
561-414-8567
129 N Federal Hwy, Lake Worth, FL for Sale
$2,500,000 USD
Storefront Retail/Office - FOR SALE
1/20
null | Request Cap Rate

129 N Federal Hwy
Lake Worth, FL 33460


HIGHLIGHTS

  • Value-Add Below Market Rents!
  • 8,667 SF Historic Retail & Office Building
  • Ground floor offers a vacant bar, the "Oldest Bar in Palm Beach County"
  • Built-in 1928 with masonry construction, 2 of the 3 buildings were reroofed October 2024
  • Located at a signalized intersection with 220 feet of combined frontage: 120' frontage on 2nd Ave N, 100' on N Federal Hwy
  • High walkability, minutes from I-95 and the beaches, Walking distance to Lake Ave & Lucerne Ave in Downtown Lake Worth!

OVERVIEW

Lee & Associates, as exclusive advisor, presents 129 North Federal Highway, Lake Worth Commerce Centre, a prime investment opportunity located in the heart of historic downtown Lake Worth. This two-story, 8,667-square-foot retail and office property offers significant upside potential, situated on a high-visibility corner with frontage on both North Federal Highway and 2nd Avenue North. The property features four ground-floor retail suites totaling 5,679 square feet and four office suites on the second floor comprising 2,988 square feet. Tenants include popular destinations such as a pizzeria, a nightclub, and various office users. REQUEST ACCESS TO FULL OFFERING MEMORANDUM! Located in Lake Worth's vibrant and emerging downtown arts and entertainment district, this property offers excellent accessibility that benefits from 120 feet of frontage on 2nd Ave N and 100 feet on N Federal Hwy. It is within walking distance to downtown Lake Worth, offering easy access to local amenities and a lively pedestrian environment. The property is also conveniently located near major transportation routes just minutes from I-95, A1A and the beaches, providing easy connectivity with Palm Beach International Airport just a 14-minute drive away and Lake Worth Tri-Rail station only 1.3 miles away. The area is characterized by a growing population and strong demographics, making it an ideal location for retail and office tenants.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$282 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Lake Worth Commerce Centre

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

DT

APN/PARCEL ID

38-43-44-21-15-026-0090

ASK ABOUT THIS PROPERTY

C. Todd EverettLee & AssociatesMore Info
561-414-8567

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C. Todd EverettLee & AssociatesMore Info
561-414-8567

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.