Lake Ave & Lucerne Ave Lake Worth, FL 33460

This portfolio comprises five high-street retail properties situated in the heart of Downtown Lake Worth Beach. Located on Lake Avenue and Lucerne Avenue, the properties total approximately 24,545 square feet of multi-tenant retail, office, and multifamily space. The portfolio includes 716 and 720 Lake Ave, a combined approximately 9,745 square foot multi-tenant property featuring two restaurants; 705 Lake Ave, a fully leased approximately 2,500 square foot retail storefront; 800 Lake Ave, an approximately 9,750 square foot multi-tenant property with second-floor multifamily units and tenants such as the Rhum Shak and The Sunflower Room; and 805 Lucerne Ave, an approximately 2,550 square foot retail/office property. There is approximately 7,000 square feet of unoccupied space. The properties benefit from visibility and foot traffic within a pedestrian-friendly setting. Ample street parking and adjacency to public parking lots provide customer convenience. The area hosts annual events, including the Street Painting Festival and Reggae Fest, as well as monthly Farmers Markets, art walks, and street festivals. The location is surrounded by cultural diversity, historic charm, and a thriving artistic scene with galleries, theaters, and live music venues. The area offers dining options, nightlife, and community events, all within walking distance of beaches and parks.