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614 Lake Ave 3,300 SF Retail Building Lake Worth, FL 33460 $1,600,000 ($484.85/SF)
Investment Highlights
- Heavy Foot Traffic
- All Furniture Fixtures Included in Sale
- Back Patio Area
- High Pecky Cypress Ceilings
- Full Kitchen
- Sidewalk Seating Available
Executive Summary
614 Lake Avenue presents a rare opportunity to acquire a fully equipped restaurant/pub in the heart of Downtown Lake Worth Beach. Located at 614 Lake Avenue, Lake Worth Beach, FL 33460, this 2,405± SF hospitality venue also features approximately 500 SF of covered outdoor dining, offering an ideal setup for indoor-outdoor service in one of the city’s most active dining and entertainment corridors. Renovated in 2023, the property blends character and functionality with impressive 14-foot pecky cypress ceilings, tile and wood flooring, and a turnkey buildout that includes all FF&E. The kitchen and back-of-house infrastructure are already in place, with an in-ground grease trap, 15-ton HVAC system installed in 2019, and roof replaced in 2019. Positioned between US-1/Dixie Highway and Federal Highway, this downtown location benefits from strong visibility, public parking, and signage on the building per city code. Zoned DT – Downtown Lake Worth, the property is well suited for an owner-user or investor seeking a distinctive restaurant, bar, or entertainment venue in a vibrant coastal market.
Taxes & Operating Expenses (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$15,344
|
$4.65
|
| Operating Expenses |
$5,000
|
$1.52
|
| Total Expenses |
$20,344
|
$6.16
|
Taxes & Operating Expenses (Actual - 2026)
| Taxes | |
|---|---|
| Annual | $15,344 |
| Annual Per SF | $4.65 |
| Operating Expenses | |
|---|---|
| Annual | $5,000 |
| Annual Per SF | $1.52 |
| Total Expenses | |
|---|---|
| Annual | $20,344 |
| Annual Per SF | $6.16 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
3,300 SF
Building Class
C
Year Built/Renovated
1955/2018
Price
$1,600,000
Price Per SF
$484.85
Tenancy
Single
Building Height
1 Story
Building FAR
0.95
Lot Size
0.08 AC
Zoning
DT - Intent. The "downtown (DT) district" is designed for the commercial core of Lake Worth, primarily along Lake and Lucerne Avenues
Parking
1 Spaces (0.3 Spaces per 1,000 SF Leased)
Frontage
33’ on Lake Ave
Amenities
- 24 Hour Access
- Restaurant
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
- Awning
Exceptionally walkable
90/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 38-43-44-21-15-509-0140 | Total Assessment | $550,822 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $15,344 ($4.65/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
38-43-44-21-15-509-0140
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$550,822 (2025)
Annual Taxes
$15,344 ($4.65/SF)
Tax Year
2026
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614 Lake Ave
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