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    Downtown Lake Worth Retail Storefront Title is generated by Realmo AI

    716 Lake Ave, Lake Worth, FL

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    7,460 SF vacant retail in historic downtown location.

    Type:RETAIL
    Property size:
    7,460 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $335/SF
    Added:
    Oct 28, 2025
    Days on Market:
    228
    Last Refresh:
    May 20 at 9:07 pm

    Property Features for 716 Lake Ave

    General Information

    Standard status
    Active
    Size
    7,460 SF
    Lot size
    0.16 Acres
    Property subtype
    RETAIL

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    Listing Contact
    C. Todd Everett, SIOR

    Listing agent C. Todd Everett, SIOR

    Listing office Lee & Associates | Broward/Palm Beach

    Listing date Oct 28, 2025

    Source Moodyscre

    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

    HighLights

    • 7,460 SF vacant retail storefront in Historic Downtown Lake Worth Beach.
    • Boasts 77 feet of storefront exposure along iconic Lake Avenue.
    • Great opportunity for Owner/User or Investors.
    • Located amidst historic charm and a vibrant cultural scene.
    • Proximity to beaches, parks, and popular attractions ensures steady foot traffic.
    • Capitalize on Downtown Lake Worth's dynamic energy.

    Overview

    This 7,460 SF vacant retail storefront is located in Historic Downtown Lake Worth Beach. The property offers an opportunity for an owner/user or investors to capitalize on Downtown Lake Worth's dynamic energy. It features 77 feet of storefront exposure along Lake Avenue. The location provides proximity to beaches, parks, and popular attractions, ensuring steady foot traffic. The property is situated amidst historic charm and a vibrant cultural scene with galleries and theaters.

    Local 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 $196.9k $26.40
    − Vacancy −$16.7k −$2.24
    EGI $180.2k $24.16
    − OpEx −$54.1k −$7.25
    NOI $126.1k $16.91
    7,460 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.80M
    $1.58M – $2.10M (±1% cap)
    NOI $126,143 @ 7.0% cap · market cap 5.05%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $5.25M
    $4.60M – $6.13M (±1% cap)
    NOI $367,762 @ 7.0% cap · market cap 14.71%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carousel Gallery Home Decor Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Liriann Flowers Design — 901 N Dixie Hwy, 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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0558
    Latitude
    26.6161

    FAQs

    What type of property is this?
    Storefront property - 7,460 SF vacant retail in historic downtown location.
    Where is this storefront property located?
    The property is located at 716 Lake Ave Lake Worth, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 7,460 SF vacant retail storefront in Historic Downtown Lake Worth Beach.; Boasts 77 feet of storefront exposure along iconic Lake Avenue.; Great opportunity for Owner/User or Investors.
    (954) 399-6299 Call to check price and availability
    More about this property
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