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South Shores Tavern 502-504 Lucerne Ave
4,237 SF of Retail Space Available in Lake Worth, FL 33460
Highlights
- PRIME DOWNTOWN LOCATION! CORNER!
- RARE OUTDOOR COURTYARD/BAR!
- FULLY BUILT OUT RESTAURANT!
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,237 SF | 1-10 Years | $46.41 CAD/SF/YR $3.87 CAD/SF/MO $499.57 CAD/m²/YR $41.63 CAD/m²/MO $16,387 CAD/MO $196,644 CAD/YR | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- FULLY OUTFITTED RESTAURANT
- LARGE OUTDOOR COURTYARD/BAR
- DOWNTOWN LOCATION!
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 502-504 Lucerne Ave , Lake Worth, FL 33460
| Property Type | Retail | Gross Leasable Area | 4,237 SF |
| Property Subtype | Restaurant | Year Built | 1955 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,237 SF |
| Year Built | 1955 |
About the Property
502-504 Lucerne Avenue Fully outfitted restaurant located on the corner of Lucerne Avenue and North M St. Currently Blueprint Grill. 4,237 sqft under air, with over 6,500 sqft including outdoor area. Has very rare outdoor seating in front facing Lucerne Avenue, and large walled in open air courtyard with outdoor bar and seating. 2nd floor has office, with full bath, with a separate 1 bedroom fully renovated loft style apartment. This restaurant went through a complete renovation in 2021 of all electrical, plumbing, AC, flooring, bathrooms, bars and kitchen. Restaurant is currently leased. Current tenant is interested in moving onto another project. DO NOT DISTURB THE TENANT UNDER NO CIRCUMSTANCES ARE ANY PERSPECTIVE TENANTS TO VISIT THE RESTAURANT WITHOUT SPEAKING TO THE OWNER FIRST. Contacting or visit gate location without first receiving owners approval will disqualify any possibility of renting this space. Restaurant without the apartment is $12,000/mo NNN. Apartment is $2,000/mo. Contact owner 561.516.1355
- Bus Line
- Corner Lot
- Courtyard
- Restaurant
- Air Conditioning
Nearby Major Retailers
-
Ariana Peters -
Peters Development
Presented by
South Shores Tavern | 502-504 Lucerne Ave
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