Address
940 Park Avenue Lake Park, FL
Price
$ 830,000
Property Attributes
  • MLS#RX-10640143
  • TypeCommercial
  • CountyPALM BEACH
  • CityLake Park
  • Area5270
  • NeighborhoodKelsey City
  • Zip33403
  • StyleProfessional Office,Retail
  • Year Built1961
  • Taxes$ 21792
  • Price$ 830,000
  • Bedrooms0
  • Full Bathrooms12
  • Half Bathrooms0
  • Sqr Footage8456
Listing Provided Courtesy Of:
FPB Investment Properties, Inc
Data Source:
Beaches MLS
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.

Price History
7/20/2020 Listed $830,000

General Features

Area 5270
Auction No
Built Desc Resale
Construction Block
Cooling Central Individual, Wall-Win A/C
Flooring Ceramic Tile, Linoleum
For Lease Yes
Geo Area PB26
Geo Lat 26.798559
Geo Lon -80.07238
Heating Electric
Legal Description KELSEY CITY LTS 19 TO 25 INC BLK 2
Location City
Misc. Kitchen Facilities, Lounge
Misc. Office, Rear Access, Showroom, Traffic Light, Traffic Pedestrian
Possession At Closing
Property Type E
R.E. Taxes 23024.00
Roof Other
Special Info None
Status Active
Stories 1.0
Subdivision KELSEY CITY
Tax Year 2019
Tenant Pays Cable, Electric
Terms Considered Cash, Conventional
Type Retail
Type Of Building Free Standing, Lounge, Medical, Office/Professional, Office/Retail, Restaurant, Retail, Strip Store
Use Professional Office, Retail
Utilities 201+ Amp, Electric, Public Sewer, Public Water
Virtual Tour https://www.propertypanorama.com/940-Park-Avenue-Lake-Park-FL-33403/unbranded
Waterfront None
Waterfront No
Year Built 1961
Zoning PADD

Interior Features

Total Number of Units 8

Exterior Features

Sale Includes Building and Land
Lot Size 0.43
Property Desc Lake Park Ave

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 33403

Price
AVG $1.16M
$830K
Taxes
AVG $16,641
$21,792
Visits
AVG 154
406
Year Built
AVG 1979
1961
Walkscore
AVG 59
71
Data Provided by Walkscore ® not using MLS data