716 Lake Ave Lake Worth, FL 33460
Property profile & analytics
716 Lake Ave, Lake Worth, FL 33460
- Retail space
- 7,460 SF
- 0.16 lot acres
Property ID
US18-1816787
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.
Location Intelligence
Current Use by Public Records
- Carousel Gallery / Home Decor Store / (Bike/Boat/Book/etc) Store
Property Details for 716 Lake Ave
- Year built
- 1945
- Construction
- CONCRETE
- Lot size
- 0.16 lot acres
- Zone code
- DT
- Property type
- Retail space
- APN
- 38-43-44-21-15-508-0120
- APU
- 38434421155080120
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $986,000
Market price range: $659k - $1.63M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,140,000 Current use
- WAREHOUSE, STORAGE
- $2,070,000 Change: -3% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lake Worth
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0558
- 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
$26,542
$370,966
$770,538
$1,141,504
-
$370,966
$770,538
$1,141,504
