Renovated Mixed-Use
For Sale
Contact for pricing
1822 North Dixie Highway, Lake Worth, FL 33460
Includes an equipped salon, apartment, and separate lot currently serving as overflow parking.
Property Size3,200 SF
Price / SF$578.13
Days on Market100
Property Features for 1822 North Dixie Highway
General Information
Standard status
Active
Size
3,200 SF
Class
C
Property subtype
Retail, Office, Mixed Use
Zoning
Mixed Use Dixie Highway (HIC-1)
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Building Details
Year Built
1953
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Reichel Realty & Investments Inc
Listed By:
William Reichel · License #FL
(561) 478-4440
Source:
Crexi
Added: Jul 29
Changed: Oct 26
Last Checked: Nov 4 at 1:57PM
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 Reichel Realty & Investments Inc
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Investment Insights
Based on property information with market context.
This mixed-use property comprises two commercial lots and a renovated two-story building totaling approximately 3,200 SF. The ground level contains a fully equipped nail and hair salon, with furniture, fixtures, and equipment included. The upper level offers a three-bedroom, two-bath apartment of approximately 1,370 SF. The building was originally constructed in 1953 and has since been renovated.
The second lot is currently used for overflow parking and is identified for potential development with another mixed-use building. The property is located within the Mixed Use Dixie Highway (HIC-1) zoning district. Delivery at closing will be vacant, allowing the next owner to control both the commercial and residential components.
The second lot is currently used for overflow parking and is identified for potential development with another mixed-use building. The property is located within the Mixed Use Dixie Highway (HIC-1) zoning district. Delivery at closing will be vacant, allowing the next owner to control both the commercial and residential components.
Key Highlights
- Two commercial lots included in the property
- Two‑story building totaling ±3,200 SF
- Equipped nail and hair salon with FF&E included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,200
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,000
$1.1M
Cap Rate 7%
$788,571
$788.6K
Cap Rate 9%
$613,333
$613.3K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$96.0K $30.00/SF
− Vacancy
−$7.7K −$2.40/SF
EGI
$88.3K $27.60/SF
− OpEx
−$33.1K −$10.35/SF
NOI
$55.2K $17.25/SF
Area
Palm Beach County, FL
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,000
Cap Rate 7%
$788,571
Cap Rate 9%
$613,333
Alternative Uses
Best Use
Mixed Use
$788.6K
$690.0K – $920.0K
NOI $55,200 @ 7.0% cap · market cap 2.98%
Second Best
Retail
$773.0K
$676.4K – $901.8K
NOI $54,109 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,753 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
55k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Groceries 30%
Shops & Services 27%
McDonald's
Dining
23,909 visits/mo
0.4 miles
Presidente Supermarkets
Groceries
8,719 visits/mo
0.4 miles
Bravo Supermarkets
Groceries
7,898 visits/mo
0.4 miles
Chevron
Shops & Services
5,133 visits/mo
0.1 miles
Exxon
Shops & Services
4,537 visits/mo
0.3 miles
Demographics for 33460, FL
36,409
Population
14,769
Households
2.5
Avg Household Size
36
Median Age
24%
College-Educated
72%
High-School Grad
4.7 sq mi
ZIP Area
7,747
Density / Sq Mi
$61,702
Median Household Income
$32,388
Median Earnings
$1,411
Median Rent
$333,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes an equipped salon, apartment, and separate lot currently serving as overflow parking.
Where is this mixed-use property located?
The property is located at 1822 North Dixie Highway Lake Worth, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Two commercial lots included in the property; Two‑story building totaling ±3,200 SF; Equipped nail and hair salon with FF&E included
