Property profile & analytics
32 Dixie Hwy Lake Worth, FL 33460-3728
- Retail space
- 3,159 SF
- 0.45 lot acres
OFF-MARKET
Last Sale
Jan 25, 2021
Jan 25, 2021
Value Estimations
$820,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US18-3230451
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Retail space
Property Details for 32 Dixie Hwy
- Year built
- 1930
- Construction
- WOOD
- Lot size
- 0.45 lot acres
- Property size
- 3,159 SF
- Zone code
- DT
- Property type
- Retail space
- APN
- 38-43-44-21-15-017-0010
- APU
- 38434421150170010
Description
This freestanding retail building, totaling 18,951 square feet, is situated on a 0.45-acre lot in the heart of Downtown Lake Worth Beach, Florida, at 32 S Dixie Hwy, zip code 33460. The property boasts a highly visible location on S Dixie Highway, offering excellent signage opportunities. The building features an open and spacious floor plan, ideal for a variety of retail uses. Ground floor space is suitable for retail or office use, complemented by a permitted 6,384 square foot mezzanine accessible via a grand staircase. The property includes four restrooms and two roll-up doors. Ample on-site parking is available, further enhanced by an adjacent 0.13-acre vacant lot, providing potential for expansion or additional parking. The building's former use as an art gallery showcases its adaptability. Its proximity to I-95 and A1A ensures easy access for customers and employees. The vibrant Downtown Lake Worth area offers a thriving environment with numerous restaurants, shops, and services within walking distance. This presents a unique opportunity to establish a business in a dynamic and culturally rich community.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $890,000
- 6.5%
- $820,000
- 7%
- $765,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $690,000
Market price range: $279k - $691k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $905,000 Current use
- AUTO REPAIR, GARAGE
- $1,300,000 Change: +43% Conversion: Difficult
- MEDICAL BUILDING
- $1,245,000 Change: +37% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,150,000 Change: +27% Conversion: Moderate
- OFFICE BUILDING
- $1,020,000 Change: +12% Conversion: Easy
- WAREHOUSE, STORAGE
- $875,000 Change: -3% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $830,000 Change: -9% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Lake Worth
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.057
- Latitude
- 26.615
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$31,659
$440,012
$760,229
$1,200,241
-
$440,012
$760,229
$1,200,241
