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500 Lake Avenue 500-506, Lake Worth Beach, FL 33460 (MLS# R10485367)

500 Lake Avenue 500-506, Lake Worth Beach, FL 33460

$1,092,650
Property Type: Commercial Sale Square Footage: 3,971 Status: Closed
Current Price: $1,092,650 List Date: 12/03/2018 Last Modified: 5/24/2026

Overview

Description

Amazing Location! Corner building consisting of 4 individual retail/store fronts; each unit with a restroom. On Lake Ave across from Cultural Plaza. This retail building is in the prime business area of Downtown Lake Worth and has a total of 8 parking spaces in the rear of the building, along with free street parking (on both sides)in front and on the side street. Amazing opportunity to use units separately or combine the space. High traffic corner, of both vehicular and pedestrians, with public sidewalks on the front and side. Come and be part of life ''Where the Tropics begin !''

Listing Details MLS# R10485367

General Property Information

Number Of Units Total
4
Building Area Main
3971
Building Area Source
Public Records
Year Built
1950
Lot Size Area
6534
Lot Size Acres
0.15
Stories
Yes

Property Features

Business Type: Commercial Ceiling: Suspended Electric: Separate Meters; Three Phase Flooring: Carpet; Ceramic Tile; Concrete; Terrazzo Heating: Central Individual Location of Property: Central Business District Possession: Close Of Escrow Property Condition: Resale Sale Includes: Building; Land Tenant Pays: Electricity; Insurance; Sewer; Water Construction Materials: CBS; Concrete Cooling: Central Individual Listing Terms: Cash Roof: Tar/Gravel Security Features: Fire Alarm; Smoke Detector(s); None Sewer: Public Sewer Structure Type: Retail Water Source: Public Showing Requirements: Call Listing Agent; Text Listing Agent Contingencies: Inspection

Contract Information

Comp Sale YN
No
Original List Price
1700000

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
500
Street Name
Lake
Street Suffix
Avenue
Unit Number
500-506
City Name
Lake Worth Beach
State Or Province
FL
Postal Code
33460
Area
5600
Geographic Area
PB16
Parcel Number
38434421155100090
Multiple Offers Accepted
No
Zoning
CAC(ci
Directions
Lake Ave east. Building on the NW corner of Lake & N M St.
Property Description
Town of Lake Worth

Financial Information

Tax Annual Amount
12218
Tax Year
2018
Tax Legal Description
TOWN OF LAKE WORTH LTS 9 & 10 /LESS N 5 FT R/W/ BLK L

Status Change Information

Major Change Timestamp
2019-05-03T18:22:56Z
Major Change Type
Status Change
Price Change Timestamp
2019-02-05T21:00:41Z
Status Change Date
2019-05-03
Under Contract Date
2019-03-11
Close Date
2019-05-03
Close Price
1092650
Buyer Financing
Cash

More Information

Building and Property Details

# Of Bays
4
# Of Toilets
4
% Air Conditioned
100
Interior Ceiling Height
10
Maximum Ceiling Height
10

Distance To Information

Miles to Beach
Yes

Description of Unit Type 1

Unit Type
Shop(s)
Half Baths
Yes

Description of Unit Type 2

Unit Type
Shop(s)
Half Baths
Yes

Description of Unit Type 3

Unit Type
Shop(s)
Half Baths
Yes

Description of Unit Type 4

Unit Type
Shop(s)
Half Baths
Yes

Price Calculations

Current Price To SqFt
275.15
Original List Price To Close Price
1.55

Originating Details

Originating System Key
20181130033532361391000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Separate Meters
Yes
Three Phase
Yes

Flooring

Carpet
Yes
Ceramic Tile
Yes
Concrete
Yes
Terrazzo
Yes

Property Condition

Resale
Yes

Structure Type

Retail
Yes

Tenant Pays

Electricity
Yes
Insurance
Yes
Sewer
Yes
Water
Yes

Location of Property

Central Business District
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Business Type

Commercial
Yes

Ceiling

Suspended
Yes

Heating

Central Individual
Yes

Sale Includes

Building
Yes
Land
Yes

Construction Materials

CBS
Yes
Concrete
Yes

Listing Terms

Cash
Yes

Roof

Tar/Gravel
Yes

Security Features

Fire Alarm
Yes
Smoke Detector(s)
Yes
None
Yes

Water Source

Public
Yes

Cooling

Central Individual
Yes

Showing Requirements

Call Listing Agent
Yes
Text Listing Agent
Yes

Contingencies

Inspection
Yes
Listing Office: Brown Harris Stevens of PB
IDX
Last Updated: May - 24 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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