409 Lake Avenue Lake Worth Beach, FL ^$ 3,995,000

409 Lake Avenue

^$ 3,995,000

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409 Lake Avenue

Lake Worth Beach, FL, 33460

^$ 3,995,000

Bedrooms-- Baths4.0 Sq 9,288

Monthly Estimate*

^$ 23,926

409 Lake Avenue, Lake Worth Beach, FL 33460 - Image 1

409 Lake Avenue, Lake Worth Beach, FL 33460 - Image 2

409 Lake Avenue, Lake Worth Beach, FL 33460 - Image 3

409 Lake Avenue, Lake Worth Beach, FL 33460 - Image 4

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Commercial Property for sale in Lake Worth Beach, FL for $3,995,000 with 4 full baths. This 9,288 square foot building was built in 1957.

This ideally located lot sits directly across from the charming town green and City Hall in the highly sought-after Lake Worth Beach area. Just minutes from the Intracoastal Waterway and I-95, this property offers exceptional potential for investors or developers.With a lot size of approximately 140' x 135', it presents the opportunity to be transformed into a mixed-use, multi-story residential or commercial development. Alternatively, maintain the current tenants for a steady long-term income stream.Don't miss out on this prime investment opportunity in the heart of Lake Worth Beach!

Commercial Active

Price

^$ 3,995,000

Full Bath

Property Type

Commercial

Taxes

^$ 49,262

Style

Income,Mixed,Retail

Year Built

1957

Town/City

Lake Worth Beach

County/Region

PALM BEACH

MLS | Web ID

RX11042962

Features

General

Heating Other

Cooling Other

Utilities Electric Public Sewer Public Water

Possession At Closing Funding

Roof Other

Zoning DT(cit

Status Active

Year Built 1957

Subdivision LAKE WORTH TOWN OF

Stories 1.0

Type Restaurant/Entertainment

Property Type E

Area 5600

Auction No

Tax Year 2024

Terms Considered Cash Conventional

Use Income Mixed Retail

Special Info Presently Leased

Virtual Tour https://www.propertypanorama.com/409-Lake-Avenue-Lake-Worth-Beach-FL-33460/unbranded

Geo Area PB16

Legal Description TOWN OF LAKE WORTH LOTS 6 & 7 & S 40 FT OF LOT 8 BLK 25

Exterior

Waterfront No

Lot Size 0.43

Interior

Flooring Other

Total Number of Units 4

Internal Only

OriginalMLSID RX-11042962

* Excluded Features

List By

Mark C Barone

Listing Agent

Compass Florida Llc

Broker

mark.barone@compass.com

Affordability Calculator

$28,032

Per Month

Monthly Principal & Interest: $23,926
Monthly Property Taxes: $4,105
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Lake Worth, FL

Average List Price ^$1,373,741

Percent of Sale Price 66%

About Lake Worth, FL

36,971 Population

4% Since 2002

^$38,880 Median Income

38.36 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

368239 Elementary School

368240 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/6/2024	$3,995,000		Listed Price

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409 Lake Avenue, Lake Worth Beach, FL, 33460 is a Commercial Property for sale at $3,995,000 with 9,288 sqft. 409 Lake Avenue has 4.0 baths and was built in 1957. The property's zip code is 33460 which is in Lake Worth Beach, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Multiple Listing Service of BeachesMLS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 1/24/2025.

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