1700 S Federal Highway Lake Worth, FL 33460

$2,125,000
1700 S Federal Highway, Lake Worth, FL 33460
RX-10446279

Commercial Property for sale in Lake Worth, FL

for $2,125,000 with 22 full baths. This 9,000 square foot building was built in 1990 on a lot size of 0.54 Acre(s).

Property Information

  • $2,125,000
  • 22 Full Baths
  • Commercial
  • 9,000 Square Feet
  • Taxes are $17,219
  • Office
  • Hotel/Motel
  • Active
  • Lot size of 0.54 Acre(s)
  • Built in 1990
  • Unit 1-22
  • Lake Worth, FL
  • South Palm Park Neighborhood
  • Palm Beach County
  • MLS/Web ID is RX-10446279
  • Price Reduced

Description

CASH COW! - 13% CAP - 22 units with pool and plenty of parking. 1 electric and 1 water meter. Newer 12, 000 btu A/C's in all rooms with newer beds, furniture, artwork, 32 inch flat screens, refrigerators + microwaves. All rooms tiled throughout. 900 sq ft owner/manager apt. that hasa 900 sq ft office below it, both have C/A/H. 32-Unit security camera's. At seller's discretion, he is operating this part-time to cover expenses turning away 6-12 customers daily. This property has the potential income of $330-$350k annually with total expenses of approximately $70-$80k annually. This is a cash deal only! Proof of funds needed to show or to submit offers. Let your experienced motel investor do the math. Located between Lake Worth and Lantana Beaches, 2 blocks west of intracoastal.

Interior 7

Appliances

  • Smoke Detector

Building Amenities

  • Storage

Cooling System

  • Central Air
  • Window Unit(s)

Flooring

  • Tile Flooring

Interior

  • Ceiling Other
  • Furniture Included in Sale
  • Smoke Alarm

Sewer

  • Public Sewer

Water Source

  • Public Water

Exterior 5

Building Type

  • Office

Construction

  • Concrete

Exterior

  • Landscaped
  • Pool
  • Security Camera(s)

Roof

  • Composition Shingles

Waterfront Description

  • Access

Miscellaneous 4

Commercial

  • Office Space
  • Private Restroom
  • Sale Includes Building & Land
  • Sale Includes Fixture/Equip
  • Sale Includes Good Will
  • Sprinkler System

Documents

  • Other
  • Survey

Location

  • High Traffic Area
  • Urban

Utilities

  • Cable
  • Electric

Rental 1

Lease Terms

  • Lease Option

† Excluded Feature

Listed By

Listing Agent: Joe Gerard Sauter
Broker: JOE SAUTER REALTY 'A NAME YOU CAN TRUST IN'

1700 S Federal Highway, Lake Worth, FL, 33460 is a Commercial Property for sale at $2,125,000 with 9,000 sqft and a lot size of 0.54 Acre(s). 1700 S Federal Highway has 22.0 baths and was built in 1990. The property's zip code is 33460 which is in Lake Worth, FL

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Pricing History

Date Price Price Change Description
9/14/2018 $2,125,000 -2.07 % Price Change
9/12/2018 $2,170,000 -1.14 % Price Change
9/10/2018 $2,195,000 -0.11 % Price Change
9/7/2018 $2,197,500 0.11 % Price Change
9/4/2018 $2,195,000 -0.11 % Price Change
9/3/2018 $2,197,500 -2.22 % Price Change
8/31/2018 $2,247,500 -0.11 % Price Change
8/24/2018 $2,250,000 -1.09 % Price Change
8/15/2018 $2,274,900 0.00 % Price Change
8/13/2018 $2,275,000 1.11 % Price Change
8/10/2018 $2,250,000 -9.27 % Price Change
8/7/2018 $2,480,000 -0.20 % Price Change
8/3/2018 $2,485,000 -0.10 % Price Change
7/30/2018 $2,487,500 -0.10 % Price Change
7/26/2018 $2,490,000 3.97 % Price Change
7/10/2018 $2,395,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Lake Worth $431,403 80 % below $319,990 85 % below
Commerical listings in Lake Worth $1,220,303 43 % below $700,000 67 % below

Get the facts about Lake Worth, FL!

Population 35,999
Population Growth (since 2000) 1 %
Median Income $38,305
Median Age 37.16
Households w/ Children 30 %

Residential Dwellings

  • Owned 6779
  • Vacant 3278
  • Rented 6690

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Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363