Mixed-Use Corner
1914 North Dixie Highway Lake Worth, FL 33460
For Sale
$2,350,000
Updated mixed-use corner property with storefront space, a studio apartment, and a 2BR/1BA residence with private terrace.
Property Size4,612 SF
Price / SF$509.54
Days on Market103
Property Features for 1914 North Dixie Highway
General Information
- Standard status
- Active
- Size
- 4,612 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1952
Listing Agency:
Provident Realty of South Florida Inc.
(646) 460-5740
Listed By:
Gillian Lieberman · License #3474627
(646) 460-5740
Source:
Compass
Added: Apr 13
Changed: Jul 23
Last Checked: Jul 23 at 6:06PM
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 Provident Realty of South Florida Inc.
Investment Insights
Based on property information with market context.
This updated mixed-use corner building includes a spacious ground-floor commercial unit with expansive storefront glass and modern finishes. The property also features a studio apartment on the first level and a 2BR/1BA residence upstairs with a large private terrace and in-unit washer/dryer. Impact windows are in place, and the building has an efficient utility setup with separate electric service for the commercial and residential units and one shared water meter.
The property sits on a prominent corner at North Dixie Highway and Vanderbilt Dr in Lake Worth Beach, with parking available in rear spaces and additional side parking, along with convenient nearby public street parking.
The configuration supports both live-work and income-producing options, combining retail frontage with residential units in a single, updated asset.
The property sits on a prominent corner at North Dixie Highway and Vanderbilt Dr in Lake Worth Beach, with parking available in rear spaces and additional side parking, along with convenient nearby public street parking.
The configuration supports both live-work and income-producing options, combining retail frontage with residential units in a single, updated asset.
Key Highlights
- Mixed‑use corner building on N Dixie Hwy & Vanderbilt Dr with retail storefront, a studio apartment, and an upstairs 2BR/1BA residence
- Updated commercial storefront with expansive storefront glass plus impact windows; roof is tar/gravel
- Three total units including 2‑story setup (2 floors) and 3 toilets
Financial Insights For Office B
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 | $210.3k | $45.60 |
| − Vacancy | −$47.3k | −$10.26 |
| EGI | $163.0k | $35.34 |
| − OpEx | −$40.7k | −$8.84 |
| NOI | $122.2k | $26.51 |
4,612 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.75M
$1.53M – $2.04M
NOI $122,241 @ 7.0% cap · market cap 5.20%
Second Best
Mixed Use
$1.14M
$994.5K – $1.33M
NOI $79,557 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$3.25M
$2.84M – $3.79M
NOI $227,362 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Scooter Ave
Motorcycle Shop
Outside The Box Palm ...
Furniture & Home Goods
FAQs
What type of property is this?
Live-work space - Updated mixed-use corner property with storefront space, a studio apartment, and a 2BR/1BA residence with private terrace.
Where is this live-work space located?
The property is located at 1914 North Dixie Highway Lake Worth, FL.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Mixed‑use corner building on N Dixie Hwy & Vanderbilt Dr with retail storefront, a studio apartment, and an upstairs 2BR/1BA residence; Updated commercial storefront with expansive storefront glass plus impact windows; roof is tar/gravel; Three total units including 2‑story setup (2 floors) and 3 toilets
