409 Lake Ave, Lake Worth, FL 33460
- Strip malls
- 9,288 SF
- 0.43 lot acres
Current Use by Public Records
- Acorn Safe & Lock / Locksmith
Property Details for 409 Lake Ave
- Year built
- 1957
- Construction
- CONCRETE
- Lot size
- 0.43 lot acres
- Zone code
- DT
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 38-43-44-21-15-025-0060
- APU
- 38434421150250060
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 15, 2025 | $3,500,000 | 409 Lake LLC | Pelican Investment Group LLC | Warranty Deed | $2M · Barry Schnittman |
| Apr 14, 2022 | $2,150,000 | Pelican Investment Group LLC | Bc Holdings Of Ny INC | Warranty Deed | $2.2M · Barry Schnitman |
| Oct 6, 2011 | $1,750,000 | Bast Chevrolet INC | Cimaglia Holdings Four LLC | Warranty Deed | — |
| Jun 21, 2005 | $700,000 | Cimaglia Holdings 4 LLC | Cimaglia,thomas P & Sandra J | Warranty Deed | — |
| Dec 19, 1997 | $450,000 | Thomas P Cimaglia | Worth Properties INC | Grant Deed | $338k · Republic Security Bank |
| — | — | Cimaglia Holdings Four LLC | — | Deed Of Trust · related | $910k · Community Bank Of Broward |
| — | — | Thomas P Cimaglia | — | Deed Of Trust · related | $150k · Wachovia Bank NA |
Description
This exceptional single-tenant retail property at 409 Lake Avenue in Lake Worth Beach, Florida, presents a unique investment opportunity. The property, zoned DT(cit), features a total of 9,288 square feet situated on a lot with dimensions not specified in the provided information. The building consists of a single suite, ideal for a variety of retail businesses. The property's location offers high visibility and easy accessibility, making it an attractive option for businesses seeking a strong presence in a thriving community. The property is offered as a Triple Net Lease at a competitive rate of $40 per square foot. The address is 409 Lake Avenue, Lake Worth Beach, FL 33460, with coordinates 26.6155847 latitude and -80.0529793 longitude. The property's APN is 38434421150250060. While the marketing materials mention a 900 sq ft end-cap space, the total building size is listed as 9,288 sq ft. This discrepancy requires clarification. This property is a special purpose building, suitable for a business seeking a prominent location in a busy area. Further details are available upon request.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,060,000
- ML approach
- $2,175,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,980,000
- 6.5%
- $2,750,000
- 7%
- $2,555,000
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $3,380,000 Current use
- OFFICE BUILDING
- $2,995,000 Change: -11% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lake Worth
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0531
- Latitude
- 26.6155
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
