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Property profile & analytics
OFF-MARKET Estimated value $1,025,000
Retail space

1230 Dixie Hwy Lake Worth, FL 33460-2123

1,587 SF 0.14 ac lot Built 1959
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US18-2803948
Property summary
AI-generated overview

This exceptional 1,587 square foot commercial space is available immediately for a net-net-net (NNN) lease. Situated on the highly visible southeast corner of N. 13th Street and Dixie Highway, this property benefits from exceptional foot and vehicle traffic. The building underwent a complete renovation three years ago, resulting in a modern and well-maintained structure. Improvements include a new stucco exterior, a new roof, and hurricane impact windows, ensuring both aesthetic appeal and durability. The interior boasts two ADA-compliant bathrooms, reflecting a commitment to accessibility. Furthermore, the plumbing and electrical systems have been entirely updated, providing modern and reliable infrastructure. The property's zoning is MU-DH, offering flexibility for a variety of commercial uses. The APN is 38434421153760080. This is a rare opportunity to secure a prime commercial space in a high-demand location. Don't miss this chance to establish your business in a thriving area. The lot size is not specified. The property is a single-tenant building with no additional suites. This is a special purpose property.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1959
Construction WOOD
Total area 1,587 SF
Lot 0.14 ac (5,972 SF)
Zoning code MU-DIXIE
APN 38-43-44-21-15-376-0080
UPID US18-2803948
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
  • Le Bon Gout Restaurant Restaurant
  • Lake Worth Kava and Hookah Lounge/USA Vape Inc. (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • Usa Vape (Bike/Boat/Book/etc) Store Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.03M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.03M
Owner & transaction history
1230 N Dixie LLC · 1 yrs held
1230 N Dixie LLC
since 2024
Last sale
$1.0M
2 recorded transactions
2024
$1.0M
2018
$280,000
Zoning & alternative use
MU-DIXIE · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $655,000 +43.4%
Medical building $625,000 +37.3%
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