630 Dixie Hwy Lake Worth Beach, FL 33460
- Mixed-use properties
- 3,160 SF
- 0.23 lot acres
Current Use by Public Records
- UPS Access Point location / Shipping And Mailing Service / Mailing Service
Property Details for 630 Dixie Hwy
- Year built
- 1958
- Lot size
- 0.23 lot acres
- Property size
- 3,160 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use investment opportunity presents a freestanding commercial building in Lake Worth Beach, Florida. The property, located at 630 S Dixie Hwy, boasts 3,160 square feet of net rentable space, currently housing two tenants: a convenience store and a laundromat. Both tenants are under a multi-tenant lease, expiring December 31, 2025, with potential for lease extension. The building, constructed in 1958, sits on a 0.228-acre lot and features ample parking, ensuring high visibility on a major thoroughfare less than a mile from I-95. The property's strategic corner location and MU-DIXIE zoning (Mixed Use Dixie Highway) offer significant flexibility for future development and a wide range of commercial uses. The current Net Operating Income (NOI) stands at $63,021, yielding a 4.67% cap rate. The asking price is $1,350,000. This is a rare opportunity to acquire a well-located, income-producing property with potential for future growth in a rapidly developing area. The possibility of acquiring the existing businesses is also available. The property's single-story design and one-building structure simplify management. Further lease details are available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Worth Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0572
- Latitude
- 26.6076
