Downtown Lake Worth Retail
705 Lake Ave Lake Worth, FL
For Sale
Contact for pricing
2,500 SF single-tenant retail in historic downtown Lake Worth.
Property Size2,500 SF
Lot Size0.08 Acres
Price / SF$480
Days on Market273
Property Features for 705 Lake Ave
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Lot size
- 0.08 Acres
- Property subtype
- RETAIL
Listing Agency:
Lee & Associates | Broward/Palm Beach
(561) 414-8567
Listed By:
C. Todd Everett, SIOR
Source:
Moodyscre
Added: Oct 28, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:04AM
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 Lee & Associates | Broward/Palm Beach
Investment Insights
Based on property information with market context.
This 2,500 square foot single-tenant retail property is located in historic downtown Lake Worth. The property benefits from exceptional pedestrian traffic due to its frontage on Lake Avenue and Lucerne Avenue. The surrounding area features historic charm and a vibrant cultural scene, including galleries and theaters. Its proximity to beaches, parks, and popular attractions ensures steady foot traffic. The property is currently occupied by a long-term, popular boutique tenant that is a local favorite amongst local artisans and tourists.
Key Highlights
- Exceptional pedestrian traffic on Lake and Lucerne Avenues.
- Long‑term, popular boutique tenant.
- 2,500 SF Single‑Tenant Retail Investment.
Financial Insights For Retail
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 | $66.0k | $26.40 |
| − Vacancy | −$5.6k | −$2.24 |
| EGI | $60.4k | $24.16 |
| − OpEx | −$18.1k | −$7.25 |
| NOI | $42.3k | $16.91 |
2,500 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$603.9K
$528.4K – $704.6K
NOI $42,273 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,245 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Eclective Boutique
Men'S Clothing Store
Similar Off Market Nearby
- Liriann Flowers Design — 901 N Dixie Hwy, Lake Worth Beach, FL 33460
- Fleur De Lis — Lake Worth Beach, FL 33460
- Liriann Flowers Designs — 901 N Dixie Hwy suite 14, Lake Worth, FL 33460
- Celestial Roses — 415 N Dixie Hwy Ste 2, Lake Worth Beach, FL 33460
FAQs
What type of property is this?
Storefront property - 2,500 SF single-tenant retail in historic downtown Lake Worth.
Where is this storefront property located?
The property is located at 705 Lake Ave Lake Worth, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Exceptional pedestrian traffic on Lake and Lucerne Avenues.; Long‑term, popular boutique tenant.; **2,500 SF Single‑Tenant Retail Investment.**
