716 Lk Ave Lake Worth, FL 33460-3813

This exceptional value-add opportunity presents a 9,745 square foot multi-tenant retail property in the heart of historic Downtown Lake Worth Beach, Florida. The property consists of two buildings totaling 9,745 square feet on a 0.24-acre lot, with addresses 716 Lake Ave, zip code 33460. Built in 1925 and 1945, the buildings feature a combined three units. Currently, occupancy is at 28.7%, with two established restaurant tenants occupying 2,745 square feet and 7,000 square feet of retail space available. The property boasts 115 feet of prime frontage on Lake Avenue, a bustling thoroughfare known for its pedestrian-friendly atmosphere and eclectic mix of shops, restaurants, and entertainment venues. Ample street parking and proximity to a public parking lot enhance customer convenience. The property is zoned CAC/DT and offers a unique blend of immediate income and significant upside potential through lease-up and rent increases. This is a fee simple ownership opportunity, first available in twenty years, situated in a vibrant area hosting numerous annual events and festivals, attracting high foot traffic and creating a strong retail environment. The property's location provides exceptional access and attractions, including proximity to beaches and parks. This is a rare chance to acquire a significant retail presence in a thriving Florida coastal community.