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Downtown Lake Worth Commercial Building

202 N Federal Hwy Lake Worth, FL 33460

202 N Federal Hwy, Lake Worth, FL, 33460
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Freestanding commercial building in the heart of Downtown Lake Worth.

Property Size5,411 SF
Lot Size0.45 Acres
Price / SF$425.06
AddedMay 21
Days on Market56
Last RefreshMay 27 at 8:18 am

Property Features for 202 N Federal Hwy

General Information

Standard status
Active
Size
5,411 SF
Lot size
0.45 Acres
Property subtype
Office, Hospitality, Mixed Use

Building Details

Year Built
1929

Listing office Strategic Realty Services

Listing date May 21, 2026

Source Crexi

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.

Local 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 (±1% cap)
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 (±1% cap)
NOI $266,751 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Doctors Business Bureau Association Or Organization Self Storage Association Storage Facility Florida Hydrologic Consulting, ... Consultant Florida Tanning Tanning Salon Lake Pest Control Garden Center

Suggested Use

Daycare Center (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Butcher Veterinary Clinic Locksmith (Bike/Boat/Book/etc) Store Clothing & Fashion Store Adult Day Care

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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.
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