Listing Agency: Peak Realty LLC

Listed By: ari lind · License #NV

Source: Crexi

Added: Apr 12 Changed: Aug 29 Last Checked: Sep 2 at 6:14PM

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Investment Insights

Based on property information with market context.

This apartment building contains 14 units and is offered for a master lease. The multifamily property is located at 605 N Federal Highway in Lake Worth, Florida.

The surrounding area provides proximity to downtown, the beach, and shopping, giving the property access to several established destination types. The asset is offered for sale with a master-lease structure identified in the listing information.

Key Highlights

• 14‑unit apartment building
• Master‑lease opportunity
• 605 N Federal Highway, Lake Worth, FL 33460

Property Analytics

Property Profile

Current Use

North Federal Rentals Hotel & Motel

Suggested Use

Top Pick Daycare Center Parking Lot & Garage (Bike/Boat/Book/etc) Store Catering Service Fish Market Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14

Residential units

Location Intelligence

Trade Area within ½ mile

1,628

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 Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property positioned for a master lease near downtown, the beach, and shopping.

Where is this apartment building located?

The property is located at 605 N Federal Highway Lake Worth, FL.

What are key features of this property?

This property features: 14‑unit apartment building; Master‑lease opportunity; 605 N Federal Highway, Lake Worth, FL 33460