Lake Worth Mixed-Use
800 Lake Ave Lake Worth, FL 33460
For Sale
$3,500,000
Multi-tenant property in historic downtown Lake Worth Beach.
Property Size9,750 SF
Price / SF$358.97
Days on Market244
Property Features for 800 Lake Ave
General Information
Standard status
Active
Size
9,750 SF
Property subtype
Retail
Listing Agency:
Lee & Associates | Broward/Palm Beach
(561) 414-8567
Listed By:
C. Todd Everett, SIOR
(561) 414-8567
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Jul 10
Last Checked: Jul 27 at 5:47AM
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 9,750 square foot multi-tenant mixed-use property is located in the heart of historic downtown Lake Worth Beach. The property benefits from its corner location on Lake Avenue and N J Street, offering exceptional frontage. The ground floor features high-street retail space, currently vacant, with retail storefront windows, a walk-in refrigerator, a kitchen sink for food preparation, and a small outdoor patio seating area. The second floor contains multifamily units that can be converted into office suites. The property benefits from ample street parking and proximity to free public parking lots. The area hosts annual events such as the Street Painting Festival and Reggae Fest, as well as monthly farmers markets, art walks, and street festivals. The property is surrounded by galleries, theaters, and live music venues, and is within walking distance of beaches and parks. The ground floor retail space is suited for an owner-user or investor seeking upside potential. The property is located in a walkable, pedestrian-friendly setting with high pedestrian traffic.
Key Highlights
- Prime location in the heart of Historic Downtown Lake Worth Beach with exceptional corner frontage on Lake Avenue, ensuring high visibility and foot traffic.
- 9,750 SF multi‑tenant mixed‑use property offering versatile investment potential with retail and multifamily components.
- Vacant ground floor retail space ideal for an owner‑user or investor seeking upside potential in a high‑demand area.
Financial Insights For Mixed Use
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 | $292.5k | $30.00 |
| − Vacancy | −$23.4k | −$2.40 |
| EGI | $269.1k | $27.60 |
| − OpEx | −$100.9k | −$10.35 |
| NOI | $168.2k | $17.25 |
9,750 SF · lease $30.00/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.40M
$2.10M – $2.80M
NOI $168,188 @ 7.0% cap · market cap 4.81%
Second Best
Retail
$2.36M
$2.06M – $2.75M
NOI $164,865 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$6.87M
$6.01M – $8.01M
NOI $480,655 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-tenant property in historic downtown Lake Worth Beach.
Where is this mixed-use property located?
The property is located at 800 Lake Ave Lake Worth, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Prime location in the heart of Historic Downtown Lake Worth Beach with exceptional corner frontage on Lake Avenue, ensuring high visibility and foot traffic.; 9,750 SF multi‑tenant mixed‑use property offering versatile investment potential with retail and multifamily components.; **Vacant ground floor retail space ideal for an owner‑user or investor seeking upside potential in a high‑demand area.**
