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818 N Dixie Hwy 2,383 SF 100% Leased Retail Building Lake Worth, FL 33460 $1,650,000 ($692.40/SF) 6% Cap Rate
Executive Summary
Dynamic 2 building portfolio with a 16 car parking lot fronting on North Dixie Hwy. a block from 10th. Ave N. With quick access to I-95. Up front is a commercial space leased for $ 2,500.00 per month. In the rear is a 2-story 4 apartment building with 3 each leased at $ 2,000.00 per month and a studio apartment for $ 1,200.00 per month. All fully renovated. All for $ 1,650,000.00 yielding a 6 CAP.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,383 SF
Building Class
C
Year Built
1949
Price
$1,650,000
Price Per SF
$692.40
Cap Rate
6%
NOI
$99,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.37
Lot Size
0.15 AC
Zoning
HIC-1 - Commercial and Office uses
Parking
5 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
22’ on Dixie Hwy
Amenities
- Bus Line
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 38-43-44-21-15-244-0050 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $452,628 |
Property Taxes
Parcel Number
38-43-44-21-15-244-0050
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$452,628
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818 N Dixie Hwy
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