Mixed-Use Bar and Apartment
For Sale
$795,000
Pending
945 Miner Road, Lake Worth, FL 33462
Fully operational bar is paired with two attached residential apartments on one parcel in an unincorporated area.
Property Size2,820 SF
Lot Size0.25 Acres
Days on Market108
Property Features for 945 Miner Road
General Information
Standard status
Pending
Size
2,820 SF
Lot size
0.25 Acres
Zoning
CN
Additional Details
Business Included
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,491
Building Details
Building Size
2,820 SF
Year Built
1948
Stories
1
Listing Agency:
LPT Realty, LLC
Listed By:
Carl Columbia
(561) 302-9221
Source:
Laerrealty
Added: Jul 7
Changed: Oct 15
Last Checked: Oct 20 at 5:50PM
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 LPT Realty, LLC
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Investment Insights
Based on property information with market context.
This mixed-use property combines a fully operational bar with two attached residential apartments, creating a live-work and income-producing configuration. The bar and the attached apartments are situated on a single 1/4-acre parcel, offering one ownership model for hospitality and residential use in the same footprint.
The property is located at 945 Miner Road in Lake Worth, Florida, in an unincorporated area. As presented, it also offers flexibility for investors and owner-operators considering rental income, live-work use, or future redevelopment planning. The combination of an operating commercial component with on-site residential units may appeal to buyers seeking a consolidated mixed-use setup rather than separating hospitality and housing into different properties.
The property is located at 945 Miner Road in Lake Worth, Florida, in an unincorporated area. As presented, it also offers flexibility for investors and owner-operators considering rental income, live-work use, or future redevelopment planning. The combination of an operating commercial component with on-site residential units may appeal to buyers seeking a consolidated mixed-use setup rather than separating hospitality and housing into different properties.
Key Highlights
- Fully operational bar on one 1/4‑acre parcel
- Two attached residential apartments on the same parcel
- Mixed‑use live/work setup combining bar and attached apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,288
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,085,760
$1.1M
Cap Rate 7%
$775,543
$775.5K
Cap Rate 9%
$603,200
$603.2K
Market Conditions
NOI Build-Up for 2,820 SF
Gross rent
$77.8K $27.60/SF
− Vacancy
−$5.4K −$1.93/SF
EGI
$72.4K $25.67/SF
− OpEx
−$18.1K −$6.42/SF
NOI
$54.3K $19.25/SF
Area
Palm Beach County, FL
Vacancy
7.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,085,760
Cap Rate 7%
$775,543
Cap Rate 9%
$603,200
Alternative Uses
Best Use
Specialty Retail
$775.5K
$678.6K – $904.8K
NOI $54,288 @ 7.0% cap · market cap 6.83%
Second Best
Multifamily LT 5
$671.6K
$587.6K – $783.5K
NOI $47,009 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,020 @ 7.0% cap · market cap 17.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33462, FL
33,982
Population
15,911
Households
2.1
Avg Household Size
43
Median Age
28%
College-Educated
84%
High-School Grad
8.6 sq mi
ZIP Area
3,951
Density / Sq Mi
$72,288
Median Household Income
$38,193
Median Earnings
$1,659
Median Rent
$323,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Similar Off Market Nearby
- bostons delray beach — 2 Crossings Cir, Boynton Beach, FL 33435
- NOBO Brewing Company — 2901 NW Commerce Park Dr, Boynton Beach, FL 33426
- Tropical Inn Pub — 945 Miner Rd, Lantana, FL 33462
Frequently Asked Questions
What type of property is this?
Bar & Pub - Fully operational bar is paired with two attached residential apartments on one parcel in an unincorporated area.
Where is this bar & pub located?
The property is located at 945 Miner Road Lake Worth, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Fully operational bar on one 1/4‑acre parcel; Two attached residential apartments on the same parcel; Mixed‑use live/work setup combining bar and attached apartments
