Financial
Distress signals
Property profile

602 Lucerne Ave Lake Worth, FL 33460

OFF-MARKET
Retail space
Property ID
US18-7542904
0.39 ac lot
Last sale Aug 2025 · $2,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional retail investment opportunity presents a 4,875 square foot, multi-tenant storefront building situated in the heart of Downtown Lake Worth Beach, Florida. The property boasts a prime corner location with high traffic counts and ample parking (30 spaces) for tenants and customers. Comprising two single-story buildings constructed in 1948 and 1951, with renovations completed 5 years ago, the property is currently 100% occupied by five tenants under gross leases. The remaining

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$28k
Tax billed · 2023
Assessed value$1.25M
Assessed land$793k
Assessed improvement$456k
Effective rate2.25%

Value estimate

· Sep 2026
$2.10M
$1.89M – $2.31M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$287/SF
ZIP average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$161 – $425

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
DT
JurisdictionPALM BEACH

Location intelligence

Which uses thrive at this corner?
Best fit: Watch Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Watch Repair Shop8.9
Shoe Repair8.7
Tailor Shop8.0

Location

602 Lucerne Ave Lake Worth, FL 33460
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
910 Dixie, Lake Worth, FL 33460-2531 $990,000 Feb 2026 4,002 SF
1612 Lucerne, Lake Worth, FL 33460-3629 $630,000 Jan 2026 408 SF
720 Lk, Lake Worth, FL 33460-3813 $1,250,000 Dec 2025 2,745 SF
326 H, Lake Worth, FL 33460-4435 $1,600,000 Sep 2025 2,622 SF
707 Lk, Lake Worth, FL 33460-3812 $1,325,000 Jul 2025 4,485 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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