Bought with VLC Property Group, Inc
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705 Lucerne AVE Lake Worth, FL 33460
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Key Details
Sold Price $785,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,264 sqft
Price per Sqft $184
Subdivision Lake Worth Town Of
MLS Listing ID RX-10291300
Sold Date 07/28/17
Year Built 1946
Annual Tax Amount $12,850
Tax Year 2016
Lot Size 4,356 Sqft
Property Description
There is no NOI for this property. Property is used by the owner. Two of the storefronts are recently vacant. Incredible investment opportunity to own a building with 4 retail bays in the heart of hip and trendy downtown Lake Worth. These two Art Deco buildings (2 bays each) are directly across from the U.S. Post Office which brings significant foot traffic to your front doors. Art Deco architectural details embellish the buildings, including neon lights. Each bay is 17' X 60'. The roof was serviced 5 years ago and all A/C units are less than 5 years old. The building exterior was just painted. Shutters for all windows. Eight (8) off-street parking spaces behind the building, plus there is a large public parking lot directly adjacent to building which provides excellent parking.
Location
State FL
County Palm Beach
Area 5600
Zoning CAC(ci
Interior
Heating Central
Cooling Central
Flooring Terrazzo Floor
Fireplaces Type Smoke Alarm
Exterior
Community Features None
Utilities Available Cable, Electric, Public Sewer, Public Water, Separate Meter
Waterfront Description None
Roof Type Built-Up
Present Use None
Building
Story 100.00
Foundation CBS
Others
Security Features Burglar Alarm
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Panagiotis Peter Sarantidis
Licensed Real Estate Sales Professional | License ID: 3332095