Property profile

6960 Lake Worth Rd Lake Worth, FL 33467

FOR SALE
Commercial land
Property ID
US18-1288512
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Property summary

AI-generated overview

Major PRICE DROP for sale (property purchased at $850,000 in 2022) —land development opportunity for owner use or investment. This site is in a prime location with high visibility and a daily traffic count of 50,581 vehicles (2024), making it ideal for various commercial ventures - currently zoned AR. The property has undergone significant improvements, including site clearing, a full drainage and retention system (existing catch basins), and preliminary civil and survey work. A Civil Plan and Boundary Survey are available for review. The existing retention system is subject to future impervious surface development. Strategically located just 20 minutes from the coast, the site offers easy access to major highways and commercial hubs. The lot features two-way ingress and egress on a major commercial road, ensuring accessibility. Development opportunities remaining on Lake Worth Rd are increasingly scarce, making this a valuable investment for business owners and developers. The property will need to go through the re-zoning process for the future applicable use. Contact us today for more details.

Property profile

Verified
Property type Commercial land
UPID US18-1288512

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6960 Lake Worth Rd Lake Worth, FL 33467
Lake Worth metro
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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