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Property profile & analytics
OFF-MARKET
Banks

120 Dixie Hwy Lake Worth, FL 33460-3360

3,457 SF 0.99 ac lot Built 2001
Entity Owned 34-yr Hold Free & Clear
Property ID
US18-0204837
Property summary
AI-generated overview

Prime retail storefront located at 120 S Dixie Hwy, Lake Worth Beach, FL 33460. This 7,109 square foot, single-story building boasts a freshly renovated interior and sits on a 0.23-acre lot with six parking spaces. Built in 1936, the property features a 16-foot ceiling height and is zoned MU, allowing for a variety of uses. The building includes two large doors (one electric), two new offices facing Dixie Highway, and a separate bathroom in the rear warehouse area. Recent upgrades include a new roof and air conditioning window units in the office. The property benefits from high visibility and traffic on South Dixie Highway, just four blocks from Downtown Lake Avenue, and within walking distance of new Starbucks and restaurants. Previously used as a car and auto sales location, this versatile space is ideal for businesses such as AC companies, fence companies, or window companies. The asking price is $1,990,000, resulting in a price per square foot of $279.93. The property's APN is 38434421150510050.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2001
Construction WOOD
Total area 3,457 SF
Lot 0.99 ac (43,242 SF)
Zoning code DT
APN 38-43-44-21-15-018-0011
UPID US18-0204837
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Walgreens Pharmacy
  • Wells Fargo Bank Bank Loan Service
  • Wells Fargo ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
First Union Natl Bank Of Fl · 34 yrs held
First Union Natl Bank Of Fl
since 1992
1 recorded transaction
1992
$1.4M
Zoning & alternative use
DT · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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