Caviar Global Properties - Pompano Beach & Boca Raton Real Estate | Buy or Sell

Courtesy of FPB Investment Properties, Inc.

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940 Park Avenue Lake Park, FL 33403
$830,000
  • beds
  • 0 baths
  • 8,456 sq ft

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Carola Lueder

Carola Lueder

Founder – Executive Director

LIC#BK3187419

Property Description

Prime investment opportunity. Corner lot with the best exposure in town of Lake Park. Perfect fit for a bar, restaurant, liquor store, salon, real estate office or other services. The property is situated at the principal well kept street Park Avenue steps away from the Post Office and Town Hall. The key property in town that needs some TLC. 8 retail spaces, 2 are occupied. This value add deal presents investors with the opportunity to purchase a cash flowing property with significant upside potential. Excellent redevelopment opportunity, the city is working on increasing the density.

Property Details & Features

Property Type

  • Retail

Year Built

  • 1961

Listing

  • Source: Palm Beach
  • List price: $830,000
  • MLS ID: 20121115220811115022000000
  • Listing ID: RX-10640143
  • Listing date: 2020-07-20
  • Status: Active
  • For lease?: Yes
  • $98 per square foot
  • Month to Month

Bathrooms

  • 12 total bathrooms

House

  • 8,456 total building square feet
  • Built in 1961
  • 1 story
  • 8 units in build
  • Year built description: Resale
  • Square footage source: SimpleTemplate
  • Interior ceiling height: 10 feet
  • 8 tenants
  • Block
  • Smoke Detector
  • Free Standing
  • Lounge
  • Medical
  • Office/Professional
  • Office/Retail
  • Restaurant
  • Retail
  • Strip Store

Cooling

  • Central Individual
  • Wall-Win A/C

Floors

  • Ceramic Tile
  • Linoleum

Heating

  • Electric

Location

  • County: Palm Beach
  • Subdivision: KELSEY CITY
  • City

Lot

  • 0 acres

Miscellaneous

  • Kitchen Facilities
  • Lounge
  • Office
  • Rear Access
  • Showroom
  • Traffic Light
  • Traffic Pedestrian
  • Cable
  • Electric
  • Cash
  • Conventional

Property

  • Property type: E
  • Zoning: PADD
  • Waterfront: No
  • None

Roof

  • Other

Taxes

  • Real estate taxes: $21,792
  • Year: 2019

Utilities

  • 11.00 meter
  • 201+ Amp
  • Electric
  • Public Sewer
  • Public Water

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