700 Park Ave 738 Lake Park, FL 33403-2504
This exceptional retail opportunity in Lake Park, Florida, presents multiple spaces within a vibrant plaza at 700 Park Ave. The property, built in 1962, encompasses 23,760 square feet on 1.22 acres and features two stories. Available spaces range from 325 to 9,000 square feet, catering to diverse business needs. The plaza benefits from high visibility and significant foot traffic, enhanced by its location amidst established businesses and ample parking. The area boasts a strong demographic profile, with an average household income exceeding $105,000 within a three-mile radius and over 85,000 residents within the same area. Daily traffic surpasses 6,000 vehicles. Nearby developments, including a new luxury condo complex and a new apartment complex, further enhance the property's appeal and potential for growth. A proposed large residential project will add to the already substantial residential population surrounding the plaza. The property's Palm Beach County location (APN: 36-43-42-20-01-010-0010, Zip Code: 33403) offers easy access and strong market presence. This is an ideal location for businesses seeking high visibility and a thriving customer base.
It is the purpose and intent of the Park Avenue Downtown District to provide urban development which is reflective of early master plans for a small scale traditional downtown commercial area, buildings and structures that relate to the pedestrian environment at a human scale which, in conjunction with public investments, help to create a sense of place, The…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PADD · Lake Park, FLIt is the purpose and intent of the Park Avenue Downtown District to provide urban development which is reflective of early master plans for a small scale traditional downtown commercial area, buildings and structures that relate to the pedestrian environment at a human scale which, in conjunction with public investments, help to create a sense of place, The reestablishment and redevelopment of an urban center offering a mixture of retail, personal service, commercial, office, and residential uses
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
