The Lake Worth Commerce Centre

Highlights:

• 8,667 SF historic retail & office building
• Value-Add Below Market Rents
• Ground floor offers a vacant bar, the "Oldest Bar in Palm Beach County"
• 2 of the 3 buildings were reroofed October 2024
• Built-in 1928 with masonry construction
• Located at a signalized intersection with 220 feet of combined frontage
• 120' frontage on 2nd Ave N, 100' on N Federal Hwy
• High walkability, minutes from I-95 and the beaches
• Walking distance to Lake Ave & Lucerne Ave in Downtown Lake Worth

Description:

Lee & Associates, as exclusive advisor, presents 129 North Federal Highway, Lake Worth Commerce Centre, a prime investment opportunity located in the heart of historic downtown Lake Worth. This two-story, 8,667-square-foot retail and office property offers significant upside potential, situated on a high-visibility corner with frontage on both North Federal Highway and 2nd Avenue North. The property features four ground-floor retail suites totaling 5,679 square feet and four office suites on the second floor comprising 2,988 square feet. Tenants include popular destinations such as a pizzeria, a nightclub, and various office users.

Located in Lake Worth's vibrant and emerging downtown arts and entertainment district, this property offers excellent accessibility that benefits from 120 feet of frontage on 2nd Ave N and 100 feet on N Federal Hwy. It is within walking distance to downtown Lake Worth, offering easy access to local amenities and a lively pedestrian environment. The property is also conveniently located near major transportation routes just minutes from I-95, A1A and the beaches, providing easy connectivity with Palm Beach International Airport just a 14-minute drive away and Lake Worth Tri-Rail station only 1.3 miles away. The area is characterized by a growing population and strong demographics, making it an ideal location for retail and office tenants.

Located in the heart of Lake Worth, this property offers easy access to downtown amenities and excellent transportation links. The site is just minutes from the Lake Worth Tri-Rail station and a short drive from Palm Beach International Airport, making it highly accessible to both local and regional visitors.

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