Mixed-Use Retail-Office
424 N Dixie Highway Lake Worth, FL 33460
424 N Dixie Highway, Lake Worth, FL, 33460
$599,000
For Sale
$599,000
Storefront-style building with rear parking for six vehicles in the MU-DH mixed-use district.
Property Size1,136 SF
Price / SF$527.29
Days on Market991
Property Features for 424 N Dixie Highway
General Information
- Standard status
- Active
- Size
- 1,136 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1955
Listing agency
(561) 789-7726
Listed by
The Keyes Company
(561) 789-7726
Source
Xome
Added: Nov 5, 2023 Updated: Jul 21 at 11:54PM Checked: Jul 21 at 11:54PM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This commercial building offers approximately 1,136 square feet and is configured for a storefront-style retail and office setup. The property includes rear parking for six vehicles, supporting convenient customer and staff access.
The building is located in Lake Worth, Florida along Dixie Highway, within the MU-DH Mixed Use zoning district. The MU-DH district is intended to enhance commercial functions along Dixie Highway and supports a mixed-use approach, including higher density residential use.
As a centrally positioned mixed-use property with dedicated rear parking, it may be suited for a range of office and commercial uses consistent with the MU-DH zoning intent.
The building is located in Lake Worth, Florida along Dixie Highway, within the MU-DH Mixed Use zoning district. The MU-DH district is intended to enhance commercial functions along Dixie Highway and supports a mixed-use approach, including higher density residential use.
As a centrally positioned mixed-use property with dedicated rear parking, it may be suited for a range of office and commercial uses consistent with the MU-DH zoning intent.
Key Highlights
- 1,136 SF storefront‑style commercial building in Lake Worth, FL
- MU‑DH (Mixed Use) zoning supports a broad range of office and commercial uses, including higher density residential use
- Rear parking for six vehicles
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 | $51.8k | $45.60 |
| − Vacancy | −$11.7k | −$10.26 |
| EGI | $40.1k | $35.34 |
| − OpEx | −$10.0k | −$8.84 |
| NOI | $30.1k | $26.51 |
1,136 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$430.1K
$376.4K – $501.8K
NOI $30,110 @ 7.0% cap · market cap 5.03%
Second Best
Retail
$274.4K
$240.1K – $320.2K
NOI $19,209 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$800.0K
$700.0K – $933.4K
NOI $56,002 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Potty Doctor / Plumbtastic ...
Plumbing Service
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- Liriann Flowers Design — 901 N Dixie Hwy, Lake Worth Beach, FL 33460
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- Celestial Roses — 415 N Dixie Hwy Ste 2, Lake Worth Beach, FL 33460
FAQs
What type of property is this?
Storefront property - Storefront-style building with rear parking for six vehicles in the MU-DH mixed-use district.
Where is this storefront property located?
The property is located at 424 N Dixie Highway Lake Worth, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,136 SF storefront‑style commercial building in Lake Worth, FL; MU‑DH (Mixed Use) zoning supports a broad range of office and commercial uses, including higher density residential use; Rear parking for six vehicles
