Sold
915 S Dixie Highway 1
Lake Worth Beach FL, 33460
$1,010,000
Sold
Commercial
Built in 1950
OPPORTUNITY TO PURCHASE AN 11-UNIT MULTI FAMILY PROPERTY IN LAKE WORTH BEACH, FL. THIS INCOME PRODUCING PROPERTY HAS EXCELLENT VISIBILITY WITH FRONTAGE ON DIXIE HWY, WHICH HAS AN AADT OF 14,900 (2022 FDOT) AND VERY EASY ACCESS TO I-95. ADDITIONALLY, IT IS LOCATED IN A DEMOGRAPHICALLY DENSE AREA WITH A 5 MILE POPULATION JUST SHY OF 252,000. UNITS USUALLY OCCUPIED WITH LONG TERM TENANTS AND OF THE 11 UNITS, 10 ARE STUDIOS AND ONE IS A 1 BEDROOM/1 BATHROOM. UPSIDE POTENTIAL THROUGH A RENT INCREASE PROGRAM. ZONING IS MIXED USE, WHICH CAN ACCOMODATE COMMERCIAL USES SUCH AS OFFICES, EATING/DRINKING ESTABLISHMENTS, RETAIL, AUTOMOTIVE AND MUCH MORE. PLEASE INQUIRE FOR OFFERING MEMORANDUM.
R10938090
MLSⓇ ID
November 22, 2023
Listed
April 15, 2024
Updated
Map
915 S Dixie Highway 1
Lake Worth Beach FL, 33460
Interior Features
Total Stories
2
Floor Description
Ceramic Tile, Other
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
No
Heating Description
None
Exterior/Building Features
Lot Size
0.31 Acres
Roof
Other
Sewer
Public Sewer
Other Property Details
Area Name
5640
Taxes
$8,242
Tax Frequency
Annually
Days on Market
71
Garage
No
View
No
County
Palm Beach County
Water Source
Public
Pool
No
Buyer Agency Compensation
3.0%
Listing History
Date | Event | Price |
---|---|---|
4/15/2024 | Sold | $1,010,000 |
3/8/2024 | Under Contract | — |
1/24/2024 | Active | — |
12/20/2023 | Under Contract | — |
Listed by: The Keyes Company
Listing Contact: (561) 866-9616
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Data last updated 4:10 PM UTC, 4/15/2024