Downtown Retail Storefront
For Sale
$2,400,000
810 Park Avenue, Lake Park, FL 33403
For sale in Lake Park’s downtown district with nearby public parking and possible CRA relocation funding.
Property Size8,931 SF
Price / SF$268.73
Days on Market143
Property Features for 810 Park Avenue
General Information
Standard status
Active
Size
8,931 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$32,662
Building Details
Building Size
8,931 SF
Year Built
1967
Listing Agency:
The Keyes Company
Listed By:
Robert C Armstrong Jr. · License #3129891
(561) 371-3787
Source:
Pposf
Added: May 30
Changed: Oct 9
Last Checked: Oct 16 at 6:05PM
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 The Keyes Company
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Investment Insights
Based on property information with market context.
This for-sale storefront retail property is positioned in the heart of Lake Park’s Downtown District. The offering is described as suitable for relocating businesses, with the potential availability of CRA funds.
The location also notes proximity to free public parking, which can support convenient customer access within the downtown area.
Prospective buyers or relocating operators should consider the property for a retail use that benefits from central downtown placement and nearby public parking. The listing’s mention of possible CRA funds may be relevant to businesses planning a move, depending on program eligibility.
The location also notes proximity to free public parking, which can support convenient customer access within the downtown area.
Prospective buyers or relocating operators should consider the property for a retail use that benefits from central downtown placement and nearby public parking. The listing’s mention of possible CRA funds may be relevant to businesses planning a move, depending on program eligibility.
Key Highlights
- Year built: 1967
- Includes 3 guest facilities
- No pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$151,016
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,020,320
$3.0M
Cap Rate 7%
$2,157,371
$2.2M
Cap Rate 9%
$1,677,956
$1.7M
Market Conditions
NOI Build-Up for 8,931 SF
Gross rent
$235.8K $26.40/SF
− Vacancy
−$20.0K −$2.24/SF
EGI
$215.7K $24.16/SF
− OpEx
−$64.7K −$7.25/SF
NOI
$151.0K $16.91/SF
Area
Palm Beach County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,020,320
Cap Rate 7%
$2,157,371
Cap Rate 9%
$1,677,956
Alternative Uses
Best Use
Retail
$2.16M
$1.89M – $2.52M
NOI $151,016 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.29M
$5.50M – $7.34M
NOI $440,280 @ 7.0% cap · market cap 18.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,465
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33403, FL
13,779
Population
5,906
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
3.3 sq mi
ZIP Area
4,175
Density / Sq Mi
$69,050
Median Household Income
$34,019
Median Earnings
$1,426
Median Rent
$340,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Dial A Rose — 700 Old Dixie Hwy #111A, Lake Park, FL 33403
- Southern Floral Company — 1338 S Killian Dr, Lake Park, FL 33403
- Misty's Florist — 401 Northlake Blvd, North Palm Beach, FL 33408
Frequently Asked Questions
What type of property is this?
Storefront property - For sale in Lake Park’s downtown district with nearby public parking and possible CRA relocation funding.
Where is this storefront property located?
The property is located at 810 Park Avenue Lake Park, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Year built: 1967; Includes 3 guest facilities; No pool
