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    940 Park Avenue

    Lake Park, FL 33403
    • $830,000
    • STATUS: Active
    • ON SITE: 69 days
    • MLS #: RX-10640143
    UPDATED: 57 min ago
    $830,000
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,456
      SQFT
    • $98
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1961
    County:
    Area:

    School Ratings & Info

    Description

    Prime investment opportunity. Corner lot with the best exposure in town of Lake Park. Perfect fit for a bar, restaurant, liquor store, salon, real estate office or other services. The property is situated at the principal well kept street Park Avenue steps away from the Post Office and Town Hall. The key property in town that needs some TLC. 8 retail spaces, 2 are occupied. This value add deal presents investors with the opportunity to purchase a cash flowing property with significant upside potential. Excellent redevelopment opportunity, the city is working on increasing the density.

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    www.ewm.com/homes/108038732
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    940 Park Avenue Lake Park, FL 33403

    • Price: $830,000
    • Status: Active
    • Updated: 57 min ago
    • MLS #: RX-10640143
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    8,456
    SQFT
    $98
    $/SQFT
    1961
    Built
    Neighborhood:
    Kelsey City
    County:
    Palm Beach
    Area:
    Lake Park
    Property Description
    Prime investment opportunity. Corner lot with the best exposure in town of Lake Park. Perfect fit for a bar, restaurant, liquor store, salon, real estate office or other services. The property is situated at the principal well kept street Park Avenue steps away from the Post Office and Town Hall. The key property in town that needs some TLC. 8 retail spaces, 2 are occupied. This value add deal presents investors with the opportunity to purchase a cash flowing property with significant upside potential. Excellent redevelopment opportunity, the city is working on increasing the density.
    Exterior Features

    Construction Block Roof Other Waterfront Description None Waterfront YN No

    Interior Features

    Bath Toilets 12.00 Ceiling Height 10 Cooling Central IndividualWall-Win A/C Flooring Ceramic TileLinoleum Heating Electric Miscellaneous1 Kitchen FacilitiesLounge Miscellaneous2 OfficeRear AccessShowroomTraffic LightTraffic Pedestrian Percent Air Conditioned 100.00

    Property Features

    Available Docs None Available Info None Built Desc Resale Expenses Real Estate Taxes 23024.00 Fire Protection Smoke Detector For Lease Yes For Sale Yes Lease Month To Month List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location City Meters 11.00 Possession At Closing Sale Includes Building And Land Special Info None Tax Amount Real Estate Taxes 21792.00 Tax Year 2019 Tenant Pays CableElectric Tenants 8 Terms Considered CashConventional Type Of Building Free StandingLoungeMedicalOffice/ProfessionalOffice/RetailRestaurantRetailStrip Store Use Professional OfficeRetail Utilities 201+ AmpElectricPublic SewerPublic Water

    Listing provided courtesy of Fpb Investment Properties, Inc. Listing information © 2020 BeachesMLS
     
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