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 

All listings featuring the BMLS logo are provided by Association of Palm Beaches. This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by MLS.

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Data last updated 4:10 PM UTC, 4/15/2024

 

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