Beach Town High Street Retail

Highlights:

• Value-Add. First Time Available in Twenty Years
• 115 Feet of Storefront Retail
• High Vacancy with Income From Two Restaurant Tenants
• Ideal For Partial Owner/User or Investor
• Vibrant Urban Setting
• Beach Access Town

Description:

Lee & Associates, as exclusive advisor, presents for sale a 9,745 multi-tenant retail investment property located in the heart of Historic Downtown Lake Worth, where small beach town charm meets the vibrant cultural mosaic of a bustling, fast-paced metro market. This combined property offers a unique investment opportunity with both vacant and occupied spaces, making it ideal
for investors seeking immediate income or users looking to customize space to maximize exposure.
The contiguous property features approximately 115 feet of prime storefront exposure along the iconic Lake Avenue, commanding attention in a bustling thoroughfare renowned for its pedestrian-friendly ambiance and eclectic mix of boutique shopping, dining options, live entertainment venues, and community events, and creating an irresistible draw for locals and tourists alike. The first building, a 7,000 SF retail storefront, is currently vacant, offering flexibility for various business types. The second 2,745 SF adjacent building is fully occupied by two established restaurant tenants, further diversifying the income potential. Beyond its premier location, this property benefits from ample street parking and adjacency to a free public parking lot located
at the rear of the building, providing added convenience for customers. As a focal point of Downtown Lake Worth, the area hosts a myriad of annual events, including the acclaimed Street Painting Festival and Reggae Fest, which celebrate art and Caribbean culture. Additionally, monthly highlights such as Farmers Markets, art walks, and street festivals enrich the vibrant tapestry of community life, making this locale an enticing destination for discerning businesses and investors seeking to capitalize on the dynamic energy of Downtown Lake Worth.

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