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Property profile & analytics
FOR SALE
Office buildings

2935 Lake Worth Rd Palm Springs, FL 33461

1,250 SF 0.28 ac lot Built 1981
Individually Owned 2-yr Hold Free & Clear
Property ID
US18-5187887
Property summary
AI-generated overview

This exceptional commercial property, located at 2935 Lake Worth Road in Palm Springs, Florida, presents a unique investment opportunity. The 1,250 square foot building, constructed in 1981, is situated on a lot with no recorded square footage. Currently zoned commercial, the property offers significant upside potential. The existing structure is a single-story building, but zoning regulations allow for expansion up to three stories, providing substantial opportunities for future development and increased rental income. The property is currently utilized as a mixed-use space, featuring two bedrooms and one and a half bathrooms, alongside commercial space. This versatile configuration caters to a variety of potential uses, making it an attractive option for both investors and owner-occupiers. The asking price is $1,025,000. The property is owner-occupied, and appointments are required for viewings. Located in the 33461 zip code, this property offers convenient access to Lake Worth Beach's vibrant commercial district. The property's flexibility and prime location make it an ideal investment for those seeking a high-return opportunity in a thriving market. Serious inquiries only.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1981
Construction WOOD
Total area 1,250 SF
Lot 0.28 ac (12,127 SF)
Zoning code CG
APN 70-43-44-20-02-000-0161
UPID US18-5187887
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Kennedy Evans · 2 yrs held
Kennedy Evans
since 2024
5 recorded transactions
2024
Price N/A
2007
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CG · Palm Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

It is the purpose of the CG commercial general land development district to provide lands within the village for a wide range of goods and commercial services that serve a consumer market that may extend beyond municipal limits. Such areas shall be located convenient to major roads and automotive traffic. However, it is not the intent of this land developmen…

Zone name Commercial General
General category COMMERCIAL
Zone area 601.31 ac
Source Realmo
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