1510 Lake Ave 3,391 SF Retail Building West Palm Beach, FL 33401 $4,578,176 CAD ($1,350.10 CAD/SF)
INVESTMENT HIGHLIGHTS
- Located in the Heart of West Palm Beach within walking distance of restaurants, hotels and retail stores
- High Density Zoning with Mixed Use Permitted for Redevelopment
- Located inside a historic neighborhood with a popular park just across the street
EXECUTIVE SUMMARY
This sale includes the real estate parcels located at 1510 Lake Ave, 1502 Lake Ave, and 745 Palm Street in West Palm Beach. See attached recent surveys for more detail. All three parcels are zoned SF14-C2 with Historic Neighborhood restrictions also apply to any redevelopment. This property can be restored, redeveloped, or operated "as is" with the current business in place.
Please do not disturb the Tenant at this location. All showings are confidential, and by appointment only. Call John K Brackett for all showings and questions.
Please do not disturb the Tenant at this location. All showings are confidential, and by appointment only. Call John K Brackett for all showings and questions.
DATA ROOM Click Here to Access
- Operating and Financials
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,391 SF
Building Class
C
Year Built
1923
Price
$4,578,176 CAD
Price Per SF
$1,350.10 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.67
Lot Size
0.12 AC
Zoning
SF14-C2 - SF14-C2 HIST SF HIGH DENSITY CONT 2
High Density Mixed Use with Historic Neighborhood Restrictions
Parking
5 Spaces (1.47 Spaces per 1,000 SF Leased)
Frontage
73’ on Lake Avenue
AMENITIES
- Signage
ABOUT 1510 LAKE AVE , WEST PALM BEACH, FL 33401
Three parcels with buildings and a business are included in the asking price for this offering. The three parcels are all zoned SF14-C2 for residential and mixed use with some historical neighborhood restrictions. All three properties can be restored, redeveloped or maintained as is for commercial and residential uses. See the property surveys for more detail on current residential square footage, but all reported information on this listing is derived from the Palm Beach County Property Appraiser. The current business operates at this site six days a week, so please do not disturb the tenant or customers. All showings are by appointment only and after business hours. Call John K Brackett for all questions and showings.
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 74-43-43-28-05-000-2150 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $267,272 CAD |
