Downtown Lake Worth Commercial
202 N Federal Hwy, Lake Worth, FL 33460
Freestanding commercial building in the heart of Downtown Lake Worth.
Type:Office
Property size:
5,411 SFLot size:
0.45 AcresPrice / SF:
$425/SF- Added:
- May 21, 2026
- Days on Market:
- 11
- Last Refresh:
- May 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
Building Details
- Year Built
- 1929
Listing agent Christopher Fleming License #FL BK441500
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
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.
- Includes 20 surface parking spaces with potential for expansion.
- Unique interior features such as open ceilings and exposed smooth concrete floors.
- Located in Flood Zone X.
Overview
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.
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
NOI $143,419 @ 7.0% cap · market cap 6.24%
Second Best
Specialty Retail
$1.49M
$1.30M – $1.74M
NOI $104,167 @ 7.0% cap · market cap 4.53%
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 local authorities.
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
Location Insight
- Map
- Local Demand
- City
- Lake Worth
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0524012
- Latitude
- 26.6131656
Nearby Similar for Sale
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.
