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Hidden Gem Investment: 3 Coastal Units, Triple Growth
Hidden Gem Investment: 3 Coastal Units, Triple Growth
Lake Worth Beach, FL (Palm Beach County)
Asking Price:$1,700,000
Gross Revenue:Not Disclosed
Price/Sq. Ft.:Not Disclosed
NOI:Not Disclosed
Building SF:Not Disclosed
Year Built:2018
Property Description
Detailed Information
3-Unit Commercial Condo Portfolio, Lake Worth Beach (South Palmway District)
Price: $1,700,000
Cap Rate: ~8.47%
Property Type: Retail / Office / Mixed Use
Building Size: 5,511 SF
Year Built: 2018
Zoning: DT, Downtown (38)
Occupancy: 100% (Fully Leased)
Units: 3 Commercial Condos (Unit 101, 102, 103)
Stories: 1
Ceiling Height: Up to 20 ft
Cooling: Central Building
Lot Size: 0.10 Acres
Annual Taxes (2024): $19,954
Condo Fees: TBD
Terms: Cash, Conventional, or Cryptocurrency Accepted
Description
Stabilized, income-producing 3-unit commercial condo portfolio located in the thriving South Palmway/Bryant Park corridor of Lake Worth Beach, Florida. Each unit is currently leased to long-term tenants at $4,000/month, generating approximately $144,000 annual income with a strong 8.47% cap rate and room for future rent growth.
Built in 2018, these fee-simple retail/office condos feature high ceilings, modern finishes, and full air conditioning. Situated just steps from Bryant Park, the Intracoastal Waterway, and the vibrant Downtown Lake Ave dining and retail district, this investment offers both stability and long-term appreciation potential.
The area is undergoing major revitalization, highlighted by the historic Gulfstream Hotel redevelopment (2025, 2026), adding 140+ rooms, 83 market-rate apartments, a spa, ballroom, and rooftop restaurant, expected to significantly increase local business activity and property demand.
Supported by CRA-backed commercial and residential projects and pro-growth zoning updates, Lake Worth Beach continues to attract investors seeking strong returns and coastal proximity.
Highlights
? Income-Producing Asset: ~$144,000 annual rent (3 tenants x $8800/mo)
? Cap Rate: ~7.45% (based on current income)
? Modern Construction: 2018 build, well-maintained
? Prime Location: Steps from Intracoastal, Beach, and Downtown Lake Ave
? Major Catalyst: Gulfstream Hotel reopening 2025, 2026 fueling area growth
? Pro-Growth Zoning: Downtown District (DT-38) supports retail/mixed-use
?? Tenant-Paid Expenses: Electric, CAM, Insurance, Cable
? Sale Includes: Building Only (Tenants in place, leases transferable)
? Confidential Sale: NDA required prior to address release
? Crypto Accepted: Seller open to cryptocurrency transaction
Financial Summary
Metric Value
List Price $1,700,000
Annual Rent $144,000
Cap Rate 7.45%
Annual RE Taxes $19,954
Occupancy 100%
Year Built 2018
Stories 1
SqFt 3,415
Type Retail / Office Condo
Price: $1,700,000
Cap Rate: ~8.47%
Property Type: Retail / Office / Mixed Use
Building Size: 5,511 SF
Year Built: 2018
Zoning: DT, Downtown (38)
Occupancy: 100% (Fully Leased)
Units: 3 Commercial Condos (Unit 101, 102, 103)
Stories: 1
Ceiling Height: Up to 20 ft
Cooling: Central Building
Lot Size: 0.10 Acres
Annual Taxes (2024): $19,954
Condo Fees: TBD
Terms: Cash, Conventional, or Cryptocurrency Accepted
Description
Stabilized, income-producing 3-unit commercial condo portfolio located in the thriving South Palmway/Bryant Park corridor of Lake Worth Beach, Florida. Each unit is currently leased to long-term tenants at $4,000/month, generating approximately $144,000 annual income with a strong 8.47% cap rate and room for future rent growth.
Built in 2018, these fee-simple retail/office condos feature high ceilings, modern finishes, and full air conditioning. Situated just steps from Bryant Park, the Intracoastal Waterway, and the vibrant Downtown Lake Ave dining and retail district, this investment offers both stability and long-term appreciation potential.
The area is undergoing major revitalization, highlighted by the historic Gulfstream Hotel redevelopment (2025, 2026), adding 140+ rooms, 83 market-rate apartments, a spa, ballroom, and rooftop restaurant, expected to significantly increase local business activity and property demand.
Supported by CRA-backed commercial and residential projects and pro-growth zoning updates, Lake Worth Beach continues to attract investors seeking strong returns and coastal proximity.
Highlights
? Income-Producing Asset: ~$144,000 annual rent (3 tenants x $8800/mo)
? Cap Rate: ~7.45% (based on current income)
? Modern Construction: 2018 build, well-maintained
? Prime Location: Steps from Intracoastal, Beach, and Downtown Lake Ave
? Major Catalyst: Gulfstream Hotel reopening 2025, 2026 fueling area growth
? Pro-Growth Zoning: Downtown District (DT-38) supports retail/mixed-use
?? Tenant-Paid Expenses: Electric, CAM, Insurance, Cable
? Sale Includes: Building Only (Tenants in place, leases transferable)
? Confidential Sale: NDA required prior to address release
? Crypto Accepted: Seller open to cryptocurrency transaction
Financial Summary
Metric Value
List Price $1,700,000
Annual Rent $144,000
Cap Rate 7.45%
Annual RE Taxes $19,954
Occupancy 100%
Year Built 2018
Stories 1
SqFt 3,415
Type Retail / Office Condo
Ad#:2438577
Detailed Information
- Location:
- Lake Worth Beach, FL
- Type:
- Retail
- Building Status:
- Established
Listed By: John Bucher
Background information
Reference:
KMF-00274
Premises
Square footage:
3415
Location:
Lake Worth Beach, FL
Price and terms
Price:
$1,700,000