The Lake Worth Commerce Centre

129 N Federal Hwy, Lake Worth Beach, FL 33460

  • For Sale $2,500,000
  • Property Type Retail - Street Retail
  • Property Size 8,667 SF
  • Units 8
  • Lot Size 0.3 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1928
  • Date Updated Nov 12, 2024
Located in the heart of Lake Worth, this property offers easy access to downtown amenities and excellent transportation links. The site is just minutes from the Lake Worth Tri-Rail station and a short drive from Palm Beach International Airport, making it highly accessible to both local and regional visitors.Lee & Associates, as exclusive advisor, presents 129 North Federal Highway, Lake Worth Commerce Centre, a prime investment opportunity located in the heart of historic downtown Lake Worth. This two-story, 8,667-square-foot retail and office property offers significant upside potential, situated on a high-visibility corner with frontage on both North Federal Highway and 2nd Avenue North. The property features four ground-floor retail suites totaling 5,679 square feet and four office suites on the second floor comprising 2,988 square feet. Tenants include popular destinations such as a pizzeria, a nightclub, and various office users. Located in Lake Worth's vibrant and emerging downtown arts and entertainment district, this property offers excellent accessibility that benefits from 120 feet of frontage on 2nd Ave N and 100 feet on N Federal Hwy. It is within walking distance to downtown Lake Worth, offering easy access to local amenities and a lively pedestrian environment. The property is also conveniently located near major transportation routes just minutes from I-95, A1A and the beaches, providing easy connectivity with Palm Beach International Airport just a 14-minute drive away and Lake Worth Tri-Rail station only 1.3 miles away. The area is characterized by a growing population and strong demographics, making it an ideal location for retail and office tenants.

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Attachments

Highlights

  • 8,667 SF historic retail & office building
  • Value-Add Below Market Rents
  • Ground floor offers a vacant bar, the "Oldest Bar in Palm Beach County"
  • 2 of the 3 buildings were reroofed October 2024
  • Built-in 1928 with masonry construction
  • Located at a signalized intersection with 220 feet of combined frontage
  • 120' frontage on 2nd Ave N, 100' on N Federal Hwy
  • High walkability, minutes from I-95 and the beaches
  • Walking distance to Lake Ave & Lucerne Ave in Downtown Lake Worth

Contacts

broker

C. Todd Everett, SIOR

Lee & Associates South Florida

Location

Getting Around

  • Walk Score ®

    89/100 Very Walkable
  • Bike Score ®

    82/100 Very Bikeable
Powered by Walk Score ®
  • City Lake Worth Beach, FL
  • Neighborhood Mango Groves
  • Zip Code 33460
  • Market West Palm Beach Boca Raton

Points of Interest

  • West Palm Beach

    6.53 miles

  • Chevron

    0.07 miles

  • Orion Fuels

    0.14 miles

  • M&T Food Mart

    0.15 miles

  • Valero

    1.06 miles

  • Sunoco

    1.23 miles

  • 7 Eleven

    1.36 miles

  • Costco Gasoline

    2.37 miles

  • Marathon

    2.37 miles

  • FPL EVolution

    6.29 miles

  • Tesla Supercharger

    7.65 miles

  • Lucerne Ave Parking

    0.07 miles

  • North M street parking

    0.11 miles

  • Lake ave Parking

    0.13 miles

  • Food Mart Parking

    0.14 miles

  • North L street parking

    0.15 miles

  • Lake Ave Parking

    0.19 miles

  • North K street parking

    0.20 miles

  • east lot parking

    0.20 miles

  • Lake AveParking

    0.23 miles

  • NYPD Pizza

    0.01 miles

  • Mother Earth

    0.03 miles

  • South Shores Tavern & Patio Bar

    0.09 miles

  • Toojays

    0.15 miles

  • havana hideout

    0.15 miles

  • Studio Cafe market

    0.16 miles

  • Nature's way cafe

    0.16 miles

  • Nature's Way Cafe

    0.17 miles

  • Downtown Pizza

    0.18 miles

  • The Pelican Restaurant

    0.19 miles

  • Publix

    0.28 miles

  • Supermercados el Bodegon #1

    1.18 miles

  • Presidente Supermarket #7

    1.87 miles

  • Winn-Dixie

    2.05 miles

  • ALDI

    2.12 miles

  • Walmart Supercenter

    2.14 miles

  • Ross

    2.43 miles

  • Target

    5.22 miles

  • Kohl's

    5.57 miles

  • 150 Worth

    5.83 miles

Frequently Asked Questions

How much does The Lake Worth Commerce Centre cost?

The space currently listed for sale at The Lake Worth Commerce Centre asks for $2,500,000.

What is the total square footage of The Lake Worth Commerce Centre?

The Lake Worth Commerce Centre totals 8,667 square feet.

When was this property built?

The Lake Worth Commerce Centre was built in 1928.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

C. Todd Everett, SIOR

Lee & Associates South Florida