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Mixed-Use

The Boydston Building

8 S J St, Lake Worth, FL 33460

Listing Price: $1,700,000

Cap Rate
2.56%
Number of Suites
11
Rentable SF
9,950
Lot Size
0.12 acres
Year Built
1922

Investment Overview

Marcus & Millichap, as exclusive agent, is pleased to present for sale The Boydston Bldg. (the Property), a +/- 9,050 rentable square foot retail and office building located in the heart of the high-energy historic downtown Lake Worth Beach just south of the main retail corridor on Lake Avenue and is available for the first time since 1997. The Property is a two-story building featuring prime retail on the ground floor with professional offices on the second floor. The buildings Spanish Mission Style facade maintains its original historic design and gives the Property tremendous street presence in this trendy location. The Property was built in 1922 and has undergone minor renovations throughout the years. Currently the Property is fully occupied with long term tenants on month-to-month leases on the ground floor with all but one office suite being vacant. This provides a great opportunity to capture upside through increasing the well below market rents as well as completely renovating and updating this iconic gem. Located in the emerging entertainment district of downtown Lake Worth Beach steps from the iconic Lake Worth Playhouse and Stonzek Theatre, the Property is surrounded by restaurants, retail, single-family and multi-family residential and just blocks from City Hall, CVS, Starbucks, Publix and multiple banks. Just two miles west of the Atlantic Ocean and the Lake Worth Pier the Property boasts easy proximity to Interstate I-95 and U.S. Hwy One.

Investment Highlights

  • Two-story High Street Retail with Second Floor Office
  • High Vacancy and Month-to-Month Tenancy Ideal For Renovation
  • Value-Add Opportunity For Investor or Partial Owner/User
  • Great Location in Thriving Downtown Lake Worth Beach

Exclusively Listed By

Mixed-Use

The Boydston Building

Listing Price: $1,700,000

Cap Rate
2.56%
Number of Suites
11
Rentable SF
9,950
Lot Size
0.12 acres
Year Built
1922

Investment Highlights

  • Two-story High Street Retail with Second Floor Office
  • High Vacancy and Month-to-Month Tenancy Ideal For Renovation
  • Value-Add Opportunity For Investor or Partial Owner/User
  • Great Location in Thriving Downtown Lake Worth Beach

Investment Overview

Marcus & Millichap, as exclusive agent, is pleased to present for sale The Boydston Bldg. (the Property), a +/- 9,050 rentable square foot retail and office building located in the heart of the high-energy historic downtown Lake Worth Beach just south of the main retail corridor on Lake Avenue and is available for the first time since 1997. The Property is a two-story building featuring prime retail on the ground floor with professional offices on the second floor. The buildings Spanish Mission Style facade maintains its original historic design and gives the Property tremendous street presence in this trendy location. The Property was built in 1922 and has undergone minor renovations throughout the years. Currently the Property is fully occupied with long term tenants on month-to-month leases on the ground floor with all but one office suite being vacant. This provides a great opportunity to capture upside through increasing the well below market rents as well as completely renovating and updating this iconic gem. Located in the emerging entertainment district of downtown Lake Worth Beach steps from the iconic Lake Worth Playhouse and Stonzek Theatre, the Property is surrounded by restaurants, retail, single-family and multi-family residential and just blocks from City Hall, CVS, Starbucks, Publix and multiple banks. Just two miles west of the Atlantic Ocean and the Lake Worth Pier the Property boasts easy proximity to Interstate I-95 and U.S. Hwy One.

Exclusively Listed By

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