The Avenue Collection: Beach Town High Street Retail Portfolio

Highlights:

• Rare Opportunity to Acquire Generational Portfolio Available For The First Time in over 30 Years!
• 24,545 SF Multi-Tenant Retail Investment Portfolio in Historic Downtown Lake Worth.
• Spans 5 Buildings with 9 Separate Leasable Units for Diversified Income.
• Exceptional Pedestrian Traffic Fronting Lake Avenue and Lucerne Avenue.
• Located amidst historic charm and a vibrant cultural scene with galleries and theaters.
• Proximity to beaches, parks, and popular attractions ensures steady foot traffic.
• Benefits from ample street parking and an adjacent public parking lot for customer convenience.
• Area hosts annual events like the Street Painting Festival and Reggae Fest, drawing crowds.
• Monthly highlights include Farmers Markets, art walks, and street festivals.
• Ideal for users and investors seeking to capitalize on Downtown Lake Worth's dynamic energy.

Description:

Lee & Associates presents a rare and exclusive portfolio of five high-street retail properties in the heart of vibrant Downtown Lake Worth Beach, offering a once-in-a-generation investment opportunity. Strategically located on the iconic Lake Avenue and Lucerne Avenue, these properties showcase a commanding presence in one of South Florida’s most sought-after beach town markets. Together, the portfolio spans approximately 24,545 square feet of prime multi-tenant retail, office and multifamily space, including 7,000 square feet of unoccupied space poised for new tenants. Highlights include 716 and 720 Lake Ave, a combined ±9,745 SF multi-tenant property featuring two thriving restaurant hotspots; 705 Lake Ave, a fully leased ±2,500 SF retail storefront; 800 Lake Ave, a ±9,750 SF flagship multi-tenant property with a second-floor multifamily units and marquee tenants like the Rhum Shak and The Sunflower Room; and 805 Lucerne Ave, a versatile ±2,550 SF retail/office property.

Nestled in the vibrant Historic Downtown Lake Worth Beach, this portfolio enjoys unparalleled visibility and foot traffic within a walkable, pedestrian-friendly setting. Beyond its premier location, this property benefits from ample street parking and adjacency to a free public parking lots for added convenience to 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.

Located in the heart of Downtown Lake Worth fronting Lake Avenue, surrounded by vibrant cultural diversity, historic charm, and thriving artistic scene, featuring galleries, theaters, and live music venues. The area offers an eclectic mix of dining options, lively nightlife, and community events, all within walking distance of scenic beaches and parks.