Downtown Lake Worth Retail
716 Lake Ave Lake Worth, FL
716 Lake Ave, Lake Worth, FL, 00000
Contact for pricing
For Sale
Contact for pricing
7,460 SF vacant retail in historic downtown location.
Property Size7,460 SF
Lot Size0.16 Acres
Price / SF$335.12
Days on Market264
Property Features for 716 Lake Ave
General Information
- Standard status
- Active
- Size
- 7,460 SF
- Lot size
- 0.16 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 Checked: Jul 17 at 4:26 am
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 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.
Key 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.
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
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
NOI $367,762 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Carousel Gallery
Home Decor Store
Similar For Sale Nearby
Similar Off Market 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
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.
