602 Lucerne Ave Lake Worth Beach, FL 33460

This exceptional retail investment opportunity presents a 4,875 square foot, multi-tenant storefront building situated in the heart of Downtown Lake Worth Beach, Florida. The property boasts a prime corner location with high traffic counts and ample parking (30 spaces) for tenants and customers. Comprising two single-story buildings constructed in 1948 and 1951, with renovations completed 5 years ago, the property is currently 100% occupied by five tenants under gross leases. The remaining lease term averages 2 years, presenting a value-add opportunity for the next owner. The property sits on a 0.39-acre lot and is zoned DT (Downtown City of Lake Worth Beach). With a current asking price of $2,499,000, the property offers a 5.00% cap rate and a price per square foot of $512.62. The building is classified as Class B and is an excellent investment for owner-users or investors seeking a strong return in a thriving downtown area. Long-term tenants contribute to consistent income, and the large lot size provides potential for future expansion or redevelopment. This is a rare opportunity to acquire a well-maintained property in a rapidly growing market. The property's location offers excellent visibility and accessibility, making it an attractive destination for businesses and customers alike.