Neighborhood Commercial Retail
1047 Miner Road Lake Worth, FL 33462
1047 Miner Road, Lake Worth, FL, 33462
$289,900
For Sale
$289,900
Zoned CN in unincorporated Palm Beach County, allowing up to a 3,000 sq ft building.
Property Size560 SF
Price / SF$517.68
Days on Market11
Property Features for 1047 Miner Road
General Information
- Standard status
- Active
- Size
- 560 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1952
Listing agency
LIGHTHOUSE R.E. INVESTMENT GROUP LLC
Listed by
PHYLLIS J BECKFORD-SMITH · License #B26051487
Source
Corcoran
Added: Jul 12 Updated: Jul 21 at 6:48PM Checked: Jul 22 at 6:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LIGHTHOUSE R.E. INVESTMENT GROUP LLC
Investment Insights
Based on property information with market context.
This retail property at 1047 Miner Road is located in unincorporated Palm Beach County and is zoned CN (Neighborhood Commercial). The zoning allows for commercial development up to a 3,000 sq ft building, subject to Palm Beach County Unified Land Development Code requirements, site plan approval, and applicable development standards.
Public remarks indicate the site is less than 3 miles from the beach and the expressway. The CN district is intended to accommodate neighborhood-serving commercial uses, including professional offices, retail establishments, restaurants, personal services, medical offices, and financial institutions, with permitted uses to be confirmed by Palm Beach County Planning and the Zoning Building Department.
Prospective buyers should verify all permitted and intended uses and development requirements before proceeding.
Public remarks indicate the site is less than 3 miles from the beach and the expressway. The CN district is intended to accommodate neighborhood-serving commercial uses, including professional offices, retail establishments, restaurants, personal services, medical offices, and financial institutions, with permitted uses to be confirmed by Palm Beach County Planning and the Zoning Building Department.
Prospective buyers should verify all permitted and intended uses and development requirements before proceeding.
Key Highlights
- Zoned CN (Neighborhood Commercial) in unincorporated Palm Beach County
- Zoning allows up to a 3,000 sq ft building (buyer to verify permitted uses)
- Area includes compatible uses such as professional offices, retail, restaurants, personal services, medical offices, and financial institutions (per CN district intent)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.8k | $26.40 |
| − Vacancy | −$1.3k | −$2.24 |
| EGI | $13.5k | $24.16 |
| − OpEx | −$4.1k | −$7.25 |
| NOI | $9.5k | $16.91 |
560 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$135.3K
$118.4K – $157.8K
NOI $9,469 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$394.4K
$345.1K – $460.1K
NOI $27,607 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Zoned CN in unincorporated Palm Beach County, allowing up to a 3,000 sq ft building.
Where is this retail space located?
The property is located at 1047 Miner Road Lake Worth, FL.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Zoned CN (Neighborhood Commercial) in unincorporated Palm Beach County; Zoning allows up to a 3,000 sq ft building (buyer to verify permitted uses); Area includes compatible uses such as professional offices, retail, restaurants, personal services, medical offices, and financial institutions (per CN district intent)
