Downtown Lake Worth Commercial
For Sale
Contact for pricing
Pending
202 N Federal Hwy, Lake Worth, FL 33460
Freestanding commercial building in the heart of Downtown Lake Worth.
Property Size5,411 SF
Lot Size0.45 Acres
Days on Market73
Property Features for 202 N Federal Hwy
General Information
Standard status
Pending
Size
5,411 SF
Lot size
0.45 Acres
Property subtype
Office, Hospitality, Mixed Use
Building Details
Year Built
1929
Listing Agency:
Strategic Realty Services
Listed By:
Christopher Fleming · License #FL BK441500
Source:
Crexi
Added: May 21
Changed: Jul 10
Last Checked: Jul 24 at 3:47PM
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 Strategic Realty Services
Investment Insights
Based on property information with market context.
Located at 202 N Federal Hwy, Lake Worth Beach, FL 33460, this property presents a unique opportunity to acquire a highly visible freestanding commercial building in the heart of Downtown Lake Worth Beach. Situated on the northeast corner of North Federal Highway and 2nd Avenue N, this signalized corner site offers exceptional frontage, access, and exposure. The property features a 5,411 SF one-story commercial building on a 0.45-acre (19,602 SF) lot, with approximately 150 feet of frontage on Federal Highway and 130 feet on 2nd Avenue N. Currently configured as a non-medical office building, the site includes on-building signage, 20 surface parking spaces with room for more, open ceilings, exposed smooth concrete floors, and three HVAC units. Constructed in 1929 and located in Flood Zone X, the property is zoned MU-E (Mixed Use East), providing outstanding flexibility for various uses, including retail, restaurant, coffee shop, financial services, professional office, gym, day spa, pet grooming, school, church, lodging, and multifamily residential up to 30 units per acre. This asset is an ideal opportunity for an owner-user, investor, or redevelopment play in one of South Florida’s vibrant downtown markets.
Key Highlights
- Prime Downtown Lake Worth Beach location on Federal Highway.
- Versatile MU‑E zoning allows for retail, restaurant, office, residential, and more.
- Freestanding 5,411 SF commercial building on a 0.45‑acre lot with on‑building signage.
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 | $246.7k | $45.60 |
| − Vacancy | −$55.5k | −$10.26 |
| EGI | $191.2k | $35.34 |
| − OpEx | −$47.8k | −$8.84 |
| NOI | $143.4k | $26.51 |
5,411 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.05M
$1.79M – $2.39M
NOI $143,419 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.81M
$3.33M – $4.45M
NOI $266,751 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Freestanding commercial building in the heart of Downtown Lake Worth.
Where is this office building located?
The property is located at 202 N Federal Hwy Lake Worth, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Prime Downtown Lake Worth Beach location on Federal Highway.; Versatile MU‑E zoning allows for retail, restaurant, office, residential, and more.; Freestanding 5,411 SF commercial building on a 0.45‑acre lot with on‑building signage.
