915 S Dixie Hwy #1, Lake Worth Beach, FL

$1,100,000

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3,610

Square feet

0.31

Acres

About 915 S Dixie Hwy #1

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.

Features of 915 S Dixie Hwy #1

MLS® # RX-10938090
Price $1,100,000
Square Footage 3,610
Acres 0.31
Year Built 1950
Type Commercial
Sub-Type Income, Hotel/ Motel, Other
Style Resident. Multi-Fam., Hotel / Motel, Income
Status Active Under Contract

Community Information

Address 915 S Dixie Hwy #1
Area 5640
Subdivision LAKE WORTH TOWN OF
City Lake Worth Beach
County Palm Beach
State FL
Zip Code 33460

Amenities

Utilities Public Sewer, Public Water, Municipal Water
Is Waterfront No

Interior

Appliances Building and Land
Heating No Heat
Cooling Wall-Win A/C
# of Stories 2

Exterior

Lot Description 11 Unit Multi Family
Roof Other
Construction CBS, Other

Additional Information

Zoning MU-DIXIE
RE / Bank Owned No

Listing Details

OfficeThe Keyes Company

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