805 Lk Ave Lake Worth, FL 33460-3706
This exceptional 1,168 square foot special purpose property, located at 805 Lake Avenue, presents a unique investment opportunity. Situated in a thriving downtown (DT) zoning area, this completely renovated historic building boasts brand new floors, roof, studs and beams, drywall, electrical, plumbing, and hot water heater. The renovation also includes two brand new bathrooms, updated gutters, and a new air conditioning system. The property benefits from its prime location on Lake Avenue, an area experiencing significant revitalization, characterized by high traffic volume and regular community events. Adding to its appeal are four to five parking spaces, and the proximity to attractive neighboring restaurants and storefronts. Currently occupied by a month-to-month tenant, this property offers flexibility and potential for immediate income generation. The Assessor's Parcel Number (APN) is 38434421150170191. The lot size is not specified. This is a single-tenant property with zero building suites. This is a rare opportunity to acquire a meticulously renovated historic building in a vibrant and growing downtown location.
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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
DT · Lake Worth, FLLake Worth. Always verify with local authorities before improvements.
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.