502-504 Lucerne Ave,Lake Worth,FL,33460,US
Lake Worth, FL | 4,237 sq. ft. | $ 7,414.75/mo
| Space Available: | 4,237 sq. ft. |
| Type: | Retail - Warehouse |
| Est. Rent: | 1.75/SF/Month |
This freshly renovated 4,000+/- sf restaurant is waiting for your unique style and design. Lovely large sidewalk seating area facing Lucerne Avenue as well as a beautiful patio and courtyard are included for 2 outdoor areas. Many a good time has been held here with the outdoor bar and a lively band! This is a busy spot on Lucerne Avenue in the heart of downtown, the town gateway from the beaches! In Florida, outside seating is essential and this has the most outside seating in area. Upstairs has 2 offices and employee break area plus restroom with shower. The restaurant has had a recent $400,000.00 renovation which includes all new electrical 3 phase, 400 AMP, ceilings, lighting, 2 A/C and floors. A brand new $54,000 hood with Ansel fire retardant system, never used. To help the new tenant complete the restaurant as needed the Lake Worth CRA has matching funds up to $50,000 for your improvements and additional $10,000 for signage. The kitchen is built out with wipe-clean walls, flooring, ceiling, hood, and grease trap. Floor drains are in. Area for cold storage and dry storage. Two new high-efficiency A/C units. There are new electrical panels, 400 AMP 3 phase service, It will take a well-seasoned restauranteur to take over and complete this restaurant. Usual rental on space like this should be $12,000 NNN per month, but to help in a successful start-up the owner is charging only $7,500 monthly first year. The 10-year lease increases $1,000 monthly each year. Instead of key money up front, to start is $39,000 which includes the security deposit, first and last month rent. Current NNN monthly includes $1,240.65 property tax, $637,84 property insurance ($1,878.49) plus applicable Florida sales tax.
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