Overview

Highlights

• Total building area over 25,800 SF across five buildings on 1.51 acre assemblage
• 36 industrial and flex units offering diverse tenant mix
• 2 Leased adjacent land parcels included for IOS uses or parking overflow
• Units feature grade-level loading doors and ceiling heights ranging from 10 to 14 feet
• Zoned LHTI/IA, allowing for light industrial and mixed-use development
• Ample surface parking for each building
• Located in a highly accessible industrial submarket
• Easy access to commuter rail and major highways

Description

Lee & Associates, as exclusive advisor, is pleased to present for sale Lake Worth Small Bay, a ±25,800-square-foot small-bay industrial warehouse assemblage situated on 1.51 acres at 518-604 N G St, Lake Worth Beach, Florida. Originally built in 1955, the property received substantial upgrades in 2023, including hurricane-proof windows and new electrical and plumbing systems, enhancing both durability and tenant satisfaction.

The asset comprises 36 individual warehouse units ranging from 387 to 1,800 square feet. and two leased IOS land parcels. Currently at 100% occupancy with leases below market rates, Lake Worth Small Bay offers an ideal small-bay configuration that supports higher rental rates and increased demand from local tenants. The property’s short-term leases provide flexibility to adjust rates over shorter periods, capitalizing on the area’s rental growth potential. With a broad range of allowable uses under the current zoning, these spaces are ideally suited for light industrial and storage tenants. Rising demand for this type of space positions a new owner to capture further upside as leases turnover. Historically maintaining full occupancy, this well-maintained property delivers stable cash flow with potential for rental growth in a low-vacancy, high-demand market.

Located in the thriving Lake Worth East Submarket, this property benefits from easy access to major transportation hubs and highways. The assemblage is a mere 4-minute drive from the Lake Worth Tri-Rail station and just 13 minutes from Palm Beach International Airport. The surrounding area boasts a walkable community with nearby amenities and a strong industrial presence, making this an attractive option for investors and owner-users alike.

Location

Situated in Lake Worth’s East Submarket, this property benefits from proximity to the Tri-Rail station and Palm Beach International Airport. The area’s walkable, industrial-friendly environment offers strong growth potential for a range of users.

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