AvailableCommercialNew
Verified
1205 North Dixie Highway, Lake Worth Beach, FL, 33460
Space Coast / Palm Beach RegionAsking Price
$1,049,000
Bedrooms
1
Asking Price
$1,049,000
Bedrooms
1
Bathrooms
0.5
Sq Ft
3,200
County
Palm Beach
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Margin
28%
Spread
$67K
ARV
$285K
Built: 1948
CBS
Off market
Occupancy: Fully occupied with stable tenants.
Configuration: Two commercial units (first floor) and two residential units (second floor).
- Utilities: One water meter and four electric meters.
-no open permits/lien
Apartments upstairs needs remodeling Unit Breakdown:
Residential:
- 3-bed/1-bath: $1,700/month (month-to-month)
- 2-bed/1-bath: $1,450/month (month-to-month)
- Retail: (Leases expire October 2026)
- Clothing Store: $1,900/month
- Upholstery Store: $1,700/month
Financial Summary:
- Current Gross Income: $81,000/year -
Projected Income: $87,000 per year
- Taxes: $10,804
- Management: No management fees currently applied.
Recent Upgrades:
- Roof: Brand new (2024)
- Electrical: Four new city-approved panels (2023)
Location Advantages:
- High-visibility frontage on Dixie Highway. - Excellent accessibility, located just two minutes from I-95.
- Situated in the high-growth 33460 ZIP code with strong redevelopment potential. -10 min from beach
Miami-Dade County
$695,000
ARV Spread
$XXK
Broward County
$340,000
ARV $XXX,XXX
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ARV Spread
$XXK
Palm Beach County
$214,000
ARV $XXX,XXX
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ARV Spread
$XXK
1205 North Dixie Highway, Lake Worth Beach
$1,049,000
Property
1205 North Dixie Highway, Lake Worth Beach, FL, 33460
Luke Roasst
Fix & Flip, DSCR, and Non-QM Loan Specialist
NMLS# 2311093