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Executive Summary

The Promenade at Lake Worth, located at 120 N Federal Highway, Lake Worth Beach, Florida 33460, offers investors the opportunity to acquire a distinctive, income-producing office asset in the heart of downtown Lake Worth Beach.? This 30,610 SF, three-story professional office building features Mediterranean-inspired architecture, prominent Federal Highway frontage, and covered parking that enhances convenience for tenants and visitors alike.? Positioned in a highly visible downtown location with easy access to I-95, the property is surrounded by dining, civic destinations, and coastal amenities, making it an attractive business address.? The asset is presented at 100% current income with a diverse office tenant mix that helps reduce dependence on any single occupant.? Current operations generate approximately $638,478 in NOI, reflecting a 6.85% cap rate at the asking price of $9.32 million.? In addition to stable in-place cash flow, the property offers compelling upside through near-term lease rollover and mark-to-market potential, creating a clear path for future income growth and value enhancement.? A rare combination of architectural presence, strong visibility, and downtown location, The Promenade at Lake Worth is a standout South Florida office investment.?

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Office/Residential
Building Size
30,610 SF
Building Class
B
Year Built
2008
Price
$9,320,000
Price Per SF
$304.48
Cap Rate
6.85%
NOI
$638,478
Percent Leased
98%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
10,203 SF
Building FAR
0.78
Lot Size
0.90 AC
Zoning
DT - The “Downtown (DT) District” is designed for the commercial core of Lake Worth, primarily along Lake and Lucerne Avenues.
Parking
42 Spaces (1.37 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Banking
  • Security System
  • Signage
  • Wheelchair Accessible
  • Air Conditioning
  • Balcony
  • Fiber Optic Internet

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • All Addiction Recovery
  • Health Care and Social Assistance
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Addiction rehabilitation company located in Lake Worth, FL.

  • Finance and Insurance
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Allstate is a publicly held insurance company founded in 1931 as part of Sears, Roebuck and Co., and it later became an independent business. The company began with auto insurance and has since expanded into a broad protection platform that includes auto, home, renters, motorcycle, boat, landlord, condo, life, business, retirement and investment, roadside assistance, identity protection, and phone protection products. Allstate's current strategy centers on growing property-liability market share while broadening protection offerings, and the company operates reportable segments that include Allstate Protection, Run-off Property-Liability, Protection Services, and Corporate. The business also maintains insurance operations in Canada, giving the brand a presence beyond its core United States market.

  • Professional, Scientific, and Technical Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Local Law Office located in Lake Worth, FL.

  • Manufacturing
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

When you walk through Common Grounds Brew and Roastery doors, your presence is valued, your space is cared for, and your needs for specialty coffee are met with a mug and a barista who wants to know your name. Since they opened in 2014, their vision has remained a simple one: To be a place where specialty coffee and genuine community meet. It’s their hope to be a platform for the passions and expressions of their community (you!) - to create something meaningful and inspire deeper connections with our neighbors with every cup of coffee.

  • Health Care and Social Assistance
  • -
  • $9.99
  • Lorem Ipsum
  • -

Flyland Recovery Network was founded as an organization for those struggling with addiction and substance use-related disorders. They began their journey not with the intention of changing treatment or the therapies, but only to improve the method of delivery. The development of their network reared from decades of industry experience combined with the desire to increase national treatment outcomes. They believe what makes Flyland different is the curated team of high-energy experts and our advanced technology.

  • Public Administration
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Lake Worth Beach utilities company.

  • Health Care and Social Assistance
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

One Hope United began in 1895 as the Chicago Baptist Orphanage and later operated as Kids Hope United before adopting the current name. The company serves children, youth, and families through early childhood education, child and family services, foster care, residential care, and mental health programs. One Hope United has a presence in Illinois and Florida, with services centered on support, stability, and evidence-based care. One Hope United publishes annual impact reports and financial disclosures that document ongoing nonprofit operations.

  • Finance and Insurance
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

State Farm began in Illinois in 1922, when G.J. Mecherle founded the business around fairer auto insurance pricing for farmers. The company operates as a mutual insurer and has grown into a broad financial services firm. State Farm offers auto, home, renters, condo, life, health, disability, pet, commercial, and small business insurance, along with related financial products and services. The company maintains a significant U.S. market presence through an agent-based model and a long-running focus on helping customers manage everyday risks and recover from losses.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
All Addiction Recovery Health Care and Social Assistance - $9.99 Lorem Ipsum Jan 0000
Finance and Insurance - - Lorem Ipsum Jan 0000
Professional, Scientific, and Technical Services - $9.99 Lorem Ipsum Jan 0000
Manufacturing - $9.99 Lorem Ipsum Jan 0000
Health Care and Social Assistance - $9.99 Lorem Ipsum -
Public Administration - - Lorem Ipsum Jan 0000
Health Care and Social Assistance - - Lorem Ipsum Jan 0000
Finance and Insurance - $9.99 Lorem Ipsum Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Fl-Ste 103
  • 1,341 SF
  • Office
  • Full Build-Out
  • Now

Open floor plan with a private office and one private bathroom. High ceilings

Space Size Space Use Build-Out Available
1st Fl-Ste 103 1,341 SF Office Full Build-Out Now

1st Fl-Ste 103

Size
1,341 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

1st Fl-Ste 103

Size 1,341 SF
Space Use Office
Build-Out Full Build-Out
Available Now

Open floor plan with a private office and one private bathroom. High ceilings

Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
38-43-44-21-15-028-0030
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,791,600
  • Listing ID: 42087377

  • Date on Market: 9/8/2026

  • Last Updated:

  • Address: 120 N Federal Hwy, Lake Worth, FL 33460

Contact the Sale Advisor

The Promenade at Lake Worth | 120 N Federal Hwy

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