32 Dixie Hwy, Lake Worth, FL 33460-3728
- Retail space
- 3,159 SF
- 0.45 lot acres
Current Use by Public Records
- Retail space
Property Details for 32 Dixie Hwy
- Year built
- 1930
- Construction
- WOOD
- Lot size
- 0.45 lot acres
- Zone code
- DT
- Property type
- Retail space
- APN
- 38-43-44-21-15-017-0010
- APU
- 38434421150170010
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 5, 2022 | — | Kodner Real Estate Holdings LLC | — | Deed · related | $1.5M · Iberiabank |
| Apr 22, 2021 | — | Kodner Real Estate Holdings LLC | — | Deed · related | $900k · Maxim Machat |
| Sep 13, 2011 | — | Kodner Bruce Tr | — | Deed Of Trust · related | $1.1M · Harold Steiner |
| Jul 20, 2005 | — | Kodner Bruce Tr | — | Trustees Deed · related | $100k · Harold Steiner |
| — | — | Albert Kodner | — | Deed Of Trust · related | $88k · Individual |
| — | — | Kodner Bruce Tr | — | Deed Of Trust · related | $400k · Harold Steiner |
| — | — | Kodner,albert Trust | — | Loan Modification · related | $75k · David B Steiner |
| — | — | Kodner Bruce Tr | — | Deed Of Trust · related | $1.1M · Harold Steiner |
| — | — | Kodner Bruce Tr | — | Deed Of Trust · related | $1.1M · Harold Steiner |
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
-
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
