129 N Federal Hwy, Lake Worth, FL
8,667 SF historic retail and office building for sale.
- Added:
- Dec 2, 2024
- Days on Market:
- 559
- Last Refresh:
- May 20 at 9:32 pm
Property Features for 129 N Federal Hwy
General Information
- Standard status
- Active
- Size
- 8,667 SF
- Lot size
- 0.29 Acres
- Property subtype
- RETAIL
Listing agent C. Todd Everett, SIOR
Listing office Lee & Associates | Broward/Palm Beach (954) 399-6299
Listing date Dec 2, 2024
Source Moodyscre
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 Lee & Associates | Broward/Palm Beach
HighLights
- Value‑Add Below Market Rents
- Prime Location: Signalized intersection with 220 feet of combined frontage on 2nd Ave N and N Federal Hwy
- Historic 8,667 SF Retail & Office Building
- Ground Floor: Vacant bar space, the "Oldest Bar in Palm Beach County"
- Recent Improvements: 2 of 3 buildings reroofed October 2024
- High Walkability: Minutes from I‑95 and beaches, walking distance to Downtown Lake Worth
Overview
Local Financial Insights For Specialty 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 | $239.2k | $27.60 |
| − Vacancy | −$16.7k | −$1.93 |
| EGI | $222.5k | $25.67 |
| − OpEx | −$55.6k | −$6.42 |
| NOI | $166.8k | $19.25 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Austintatious Designs, LLC — 7106 S Dixie Hwy, West Palm Beach, FL 33405
Location Insight
- Map
- Local Demand
- City
- Lake Worth
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0525
- Latitude
- 26.6176
