Building Description
Executive Summary
This Palm Springs portfolio combines stability and flexibility for investors seeking cash flow and value-add potential.3801 10th Ave N, Lake Worth, FL 33461 and 3236 Reo Lane, Palm Springs, FL 33461 a two-building, two-parcel investment situated on 0.37 acres and .4313 acres total .8013 acres with prime frontage on 10th Ave N in Palm Beach County, consists of:.- A second Freestanding building 1,852 sf included in the sale with a parking lot vacant but recently cut in half and made one half into a nail salon, ideal for additional rental income or owner-user use. Buyers may continue the existing restaurant lease for immediate cash flow, or the seller will buy out the lease to deliver both buildings vacant. Building 1: Restaurant (3,434 SF). Building 2 is 1852 sq-ft with offices currently not occupied. Building 2 at one time was used as a restaurant location with a hood system.
Building 1: Restaurant (3,434 SF) freestanding restaurant. Features: Fully built-out restaurant with equipment included
Tenant: Previous restaurant Una Mas Bar & Grill Size: 3,400 SF freestanding restaurant. Features: Fully loaded built-out restaurant with liquor license
included Status:
Building 2: Retail / Flex (1,852 SF)
Size: 1,852 SF freestanding building Status: Included in sale, delivered vacant Potential Uses: Retail, office, medical, restaurant, or storage Rental Upside: Market rent estimated $20–25/SF NNN (~$34,000–$42,500 annually) Flexibility: Owner-user space or additional rental income.
Two parcels and two buildings being sold together. Includes restaurant equipment. Tenant long term tenant operating restaurant and has a long-term lease. Property can be purchased with or without tenants, as seller will buy out or exercise cancellation of lease for the right buyer. Rents can be increased to obtain a 9% or 10% return with new tenants. This offering is ideal for investors, developers, or owner-users seeking a prime Palm Beach County location with multiple exit strategies and significant upside.
Approved Uses by Zoning — Commercial General (CG)
Uses permitted by right under the municipality’s zoning for this district. The property may carry additional restrictions (deed, association or lease), so tenants are responsible for confirming their intended use with the municipality and landlord before committing.
Allowed by right
Retail store / general merchandise shop, Clothing / apparel boutique, Shoe store, Furniture and home furnishings store, Hardware / paint / decor store, Grocery store / supermarket / bodega / market, Retail bakery / panaderia, Pharmacy / drug store (no drive-through), Florist, Gift shop / party supply store, Bookstore / stationery store, Electronics and cell phone store / phone repair counter, Auto parts store (retail only, no installation), Sporting goods store, Restaurant (full-service, indoor seating), Fast-casual / counter-service restaurant (no drive-through), Coffee shop / cafe, Ice cream, juice bar, boba / smoothie shop, Pizzeria / takeout with delivery, Barbershop, Hair salon / nail salon, Day spa / licensed massage therapy, Eyebrow, lash and waxing studio, Dry cleaner drop-off / tailor / alterations, Shoe repair / watch and jewelry repair, Attorney, accountant, insurance, title or real estate office, Mortgage / financial advisory office, Travel agency, Print, copy, sign design and mail/pack shop, Photography studio, Medical or dental office, Urgent care / walk-in clinic, Chiropractic, physical therapy or rehab clinic, Optometrist / optical shop, Bank or credit union branch (no drive-through)
With special approval
Bank or pharmacy with drive-through lane, Restaurant with drive-through, Gas station / full service fuel station, Convenience store with fuel pumps, Car wash (tunnel or self-serve), Auto repair garage / mechanic shop, Tire shop, Quick lube / oil change, Auto detailing / window tint / audio installation, Auto body and paint shop, New or used car / truck dealership, Car rental agency, Bar / lounge / tavern, Brewery taproom / microbrewery / tasting room, Package liquor store, Nightclub / live entertainment venue, Banquet hall / event and quinceanera venue, Fitness gym / health club, CrossFit / functional training box, Jiu-jitsu, boxing, karate or martial arts studio, Yoga / pilates / barre studio, Dance studio / performing arts school, Indoor arcade, trampoline park or family entertainment center, Movie theater, Laundromat (self-service), Tattoo / permanent makeup studio, Smoke, vape or hookah shop, Pawn shop / gold buyer, Check cashing / money transfer / payday lending, Pet grooming, Pet daycare / boarding kennel, Veterinary clinic / animal hospital, Catering kitchen / commissary kitchen, Coffee roaster with retail counter, Child care center / preschool / VPK, Private school, charter school or vocational/trade school, Church / place of worship, Assisted living facility, Funeral home, Hotel or motel, Self-storage / mini-warehouse facility, Contractor's office with enclosed equipment storage, Wireless communication tower / rooftop antenna
Read the full CG zoning guide ›
