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407 S Dixie Hwy Lake Worth Beach, FL 33460
3,314 SqFt
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,314 sqft
Price per Sqft $603
MLS Listing ID A12121262
HOA Y/N No
Year Built 1983
Annual Tax Amount $16,142
Lot Size 0.302 Acres
Property Sub-Type Mixed Use
Property Description
An exceptional opportunity to acquire a well positioned, two story office and retail investment property along the highly traveled S Dixie Highway corridor in Lake Worth Beach, Florida. The property features a versatile mix of professional office suites and retail space, complemented by on site parking, prominent street frontage, and excellent accessibility to Downtown Lake Worth Beach and surrounding commercial districts.
A key investment advantage is the property's existing lease structure, with all tenants operating under one-year leases at rental rates currently below market. This provides an incoming investor with significant flexibility and the opportunity to capitalize on rental upside through strategic lease renewals, rent adjustments, and potential property improvements. The smaller suite configurations also appeal to a broad range of professional and service-oriented tenants, supporting diversified tenancy and long-term leasing demand.
Strategically situated just south of Lake Avenue, the property benefits from its central location, strong visibility, and proximity to established residential neighborhoods, local businesses, and major transportation routes. With below market rents, short term lease commitments, and multiple avenues for income growth,
407 S Dixie Highway presents a compelling value
-add investment opportunity in the heart of Lake Worth Beach.
A key investment advantage is the property's existing lease structure, with all tenants operating under one-year leases at rental rates currently below market. This provides an incoming investor with significant flexibility and the opportunity to capitalize on rental upside through strategic lease renewals, rent adjustments, and potential property improvements. The smaller suite configurations also appeal to a broad range of professional and service-oriented tenants, supporting diversified tenancy and long-term leasing demand.
Strategically situated just south of Lake Avenue, the property benefits from its central location, strong visibility, and proximity to established residential neighborhoods, local businesses, and major transportation routes. With below market rents, short term lease commitments, and multiple avenues for income growth,
407 S Dixie Highway presents a compelling value
-add investment opportunity in the heart of Lake Worth Beach.
Location
State FL
County Palm Beach
Area 5610
Zoning MU-DH (c
Exterior
Private Pool Yes
Others
Tax ID 38434421151490170
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by ONE Commercial LLC