Property profile & analytics
604 Lake Ave Lake Worth, FL 33460
- Retail space
- 6,312 SF
- 0.20 lot acres
For Sale
View listing
$2,850,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US18-3452031
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
- Andrew Custer Esq Attorney In Florida / Law Firm
- Lake Worth has Talent! / Association Or Organization
- Jackson SR22 Group / Business Management Consultant
- Florida Property Pros / Real Estate Agency
- Christopher Gleason / Real Estate Agency
Property Details for 604 Lake Ave
- Year built
- 1999
- Construction
- CONCRETE
- Lot size
- 0.20 lot acres
- Property size
- 6,312 SF
- Zone code
- DT
- Property type
- Retail space
- APN
- 38-43-44-21-15-509-0100
- APU
- 38434421155090100
Description
This exceptional 6,950-square-foot restaurant in downtown Lake Worth Beach, Florida, is offered at $4,500,000. Built in 1999, this completely renovated, operationally ready property boasts high visibility and foot traffic in a vibrant area known for its eclectic dining scene, theaters, museums, and nightlife. The building features an outdoor covered patio with fans and lights, offering additional seating on Lake Avenue. Inside, you'll find two bars with both indoor and outdoor seating, and two ADA-compliant bathrooms. The high ceilings (25 feet) add to the spacious feel. This property presents a prime investment opportunity with multiple uses for developers. Maintain it as a single restaurant for immediate cash flow, subdivide the space, or pursue future development projects. Located at 604 Lake Avenue, Lake Worth Beach, FL 33460, this property offers endless possibilities for the right buyer. The property is currently vacant and ready for a new restaurateur to establish their presence in this thriving community.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,780,000
- 6.5%
- $1,640,000
- 7%
- $1,525,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,379,000
Market price range: $558k - $1.38M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,810,000 Current use
- MEDICAL BUILDING
- $2,490,000 Change: +37% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,295,000 Change: +27% Conversion: Moderate
- OFFICE BUILDING
- $2,035,000 Change: +12% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,750,000 Change: -3% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lake Worth
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0547
- Latitude
- 26.6161
- 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
$45,677
$450,489
$1,324,625
$1,775,114
-
$450,489
$1,324,625
$1,775,114
