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Independence Hall Office Building

$1,680,000

1776 Lake Worth Rd, Lake Worth Beach, FL 33460

Active
Last Updated: 01/31/2025

8.05

Cap Rate

135,299

NOI

Details:
Cap Rate:    8.05%
NOI:    $135,299
Building Size:    9,952 sqft
Lot Area:    0.56 acres
Occupancy:    100%
Class:    C
Year Built:    1973
Floors:    2
Parking Spots:    38
Highlights:
  • Free standing
  • Well maintained building
  • Impact windows
  • Prime location
  • Good traffic
  • 38 parking spaces
  • Long term tenant
  • Lease expires in 2030 with 2 options to renew
  • 8.05 % Cap rate
Description:

Free standing office building known as Independence Hall sits on a 24,302 sqf parcel in prime location in Lake Worth. Two story offices combined 9,952 sf. Tenant is well established nursing school that leases 100% of spaces and recently signed a 10 years lease.

PARCEL # 38-43-44-21-02-035-0091
S/D of 21-44-43, W 1/2 N 253 FT of S 300 FT OF LT9 ( less I-95 R/W) block 35

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Documents:
Title
1613233
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1776_Lake_Worth_Rd_-_OM.pdf
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