8961 Hypoluxo Rd Lake Worth, FL 33467

Property Details for 8961 Hypoluxo Rd

Year built

2006

Construction

CONCRETE

Lot size

1.12 lot acres

Property size

5,349 SF

Zone code

MUPD

Property type

Office buildings

APN

00-42-45-08-10-002-0030

APU

424508100020030

Description

This exceptional 5,349 square foot Class A retail storefront, located at 8961 Hypoluxo Road in Lake Worth, Florida, presents a compelling value-add investment opportunity. The property boasts four separately leased units, currently operating at 100% occupancy with a remaining lease term of three years. Each unit contributes to a strong net operating income (NOI) of $212,000, yielding a current cap rate of 6.20% and a pro-forma cap rate of 7.07%. The asking price is $3,000,000, translating to $560.85 per square foot. Situated on a 1.12-acre lot, this free-standing building offers 20 parking spaces and benefits from its prime corner location at the intersection of Hypoluxo Road and Lyons Road, within a shopping center anchored by Publix and other established businesses. The property is zoned MUPD (Multiple Use Planned Dev) in unincorporated Palm Beach County, offering flexibility for future development. This fee-simple ownership provides a stable, multi-tenant income stream with significant upside potential. The well-maintained exterior and spacious, well-designed units ensure continued tenant satisfaction and long-term value. The convenient location provides easy access to major highways, shopping, dining, and other amenities, making it highly desirable for both tenants and investors. This is a rare opportunity to acquire a high-performing retail property in a thriving market.

Location Insight

City

Lake Worth

County

Palm Beach

State

Florida

Longitude

-80.1885

Latitude

26.5681

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments