Equipped Restaurant
149 S Lake Avenue, Pahokee, FL 33476
For Sale
$349,900
Commercial Sale, Pahokee, FL
Property Size2,012 SF
Lot Size0.39 Acres
Price / SF$173.91
Days on Market445
Property Features for 149 S Lake Avenue
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Buildings
Listing Agency:
RE/MAX Prestige Realty/Wellington · RE/MAX International
(561) 798-8080
Listed By:
Tamara K Mosley · License FL #3156907
(561) 261-0404
Added: Aug 23, 2025
Changed: Nov 2
Last Checked: Nov 10 at 12:06PM
MLS# R11118148
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,012-square-foot restaurant building, constructed in 1958, is offered with its equipment and an extensive inventory. The sale excludes the franchise. Interior features include ceramic tile flooring and two bathrooms, while the building is served by central electric heating and central air conditioning. The roof is a tar-and-gravel system.
The property carries CORE(c zoning for commercial, office, and entertainment uses. Two adjacent properties currently provide parking and are included in the offering. Public water and public sewer serve the site.
The property carries CORE(c zoning for commercial, office, and entertainment uses. Two adjacent properties currently provide parking and are included in the offering. Public water and public sewer serve the site.
Key Highlights
- 2,012‑square‑foot restaurant building constructed in 1958
- Sale includes building, equipment, and an extensive inventory
- Franchise is excluded from the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,997
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,940
$639.9K
Cap Rate 7%
$457,100
$457.1K
Cap Rate 9%
$355,522
$355.5K
Market Conditions
NOI Build-Up for 2,012 SF
Gross rent
$45.9K $22.80/SF
− Vacancy
−$3.2K −$1.60/SF
EGI
$42.7K $21.20/SF
− OpEx
−$10.7K −$5.30/SF
NOI
$32.0K $15.90/SF
Area
Palm Beach County, FL
Vacancy
7.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,940
Cap Rate 7%
$457,100
Cap Rate 9%
$355,522
Alternative Uses
Best Use
Specialty Retail
$457.1K
$400.0K – $533.3K
NOI $31,997 @ 7.0% cap · market cap 9.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,187 @ 7.0% cap · market cap 28.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
38k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Groceries 22%
Electronics 5%
Marathon
Shops & Services
10,611 visits/mo
0.4 miles
Save-A-Lot
Groceries
8,482 visits/mo
0.4 miles
Dollar General
Shops & Services
6,918 visits/mo
0.3 miles
Family Dollar
Shops & Services
4,714 visits/mo
0.4 miles
PNC Bank
Shops & Services
3,024 visits/mo
0.0 miles
Demographics for 33476, FL
7,608
Population
2,318
Households
3.3
Avg Household Size
34
Median Age
18%
College-Educated
72%
High-School Grad
22.2 sq mi
ZIP Area
343
Density / Sq Mi
$35,619
Median Household Income
$24,454
Median Earnings
$899
Median Rent
$143,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Conventional restaurants in Palm Beach County, FL
Properties on Market for Conventional restaurants in Palm Beach County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant sale includes equipment, two bathrooms, and adjacent properties used for parking.
Where is this conventional restaurant located?
The property is located at 149 S Lake Avenue Pahokee, FL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2,012‑square‑foot restaurant building constructed in 1958; Sale includes building, equipment, and an extensive inventory; Franchise is excluded from the sale
