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612 N Federal Hwy 2,441 SF Retail Building Lake Park, FL 33403 $3,999,999 ($1,638.67/SF)
Investment Highlights
- Half-acre, stand-alone restaurant on US-1
- High-growth corridor
- Walking distance to water
- Turnkey restaurant operating for over 15 years
Executive Summary
A well-established restaurant business and real estate opportunity situated within one of Palm Beach County's most dynamic growth corridors. The Town of Lake Park is experiencing significant revitalization, highlighted by the addition of Nautilus 220 and the forthcoming Northlake Promenade Apartments. Ideally positioned just steps from the waterfront and directly across from Kelsey Park, this is a rare chance to invest in a thriving and transforming community. A Confidentiality Agreement is required to receive the Offering Memorandum. Please contact the Listing Broker with inquiries.
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Property Facts
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
2,441 SF
Building Class
C
Year Built/Renovated
1946/2018
Price
$3,999,999
Price Per SF
$1,638.67
Business Value
$1,100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.52 AC
Zoning
MU - MU MIXED USE - MU - MU MIXED USE
Parking
37 Spaces (15.16 Spaces per 1,000 SF Leased)
Frontage
51’ on Federal Hwy
Amenities
- Bus Line
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 36-43-42-20-01-034-0242 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $794,789 |
Property Taxes
Parcel Number
36-43-42-20-01-034-0242
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$794,789
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612 N Federal Hwy