4160 42nd Avenue S,Lake Worth, FL 33461
Lake Worth, FL 33461
Description
Rare development opportunity in Lake Worth Beach. 0.91 acre multifamily development site with an approved site plan for a 10-unit, 2-story multifamily residential project. The property is zoned RM (Medium Density Multifamily) with Future Land Use MR-5 and allows a variety of residential development strategies. Approved plans include 10 residential units, 23 parking spaces, recreation area, and site infrastructure already designed, significantly reducing entitlement timeline and development risk. This project offers multiple potential exit strategies for developers and investors, including building the approved 10-unit multifamily rental project, redesigning into townhomes for individual sale, or exploring alternative residential configurations within the existing zoning.
Details
| MLS # | B26078789 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 36 |
| Listing Provided By | Partnership Realty Inc. | Julian Prieto Avila |
Features
| Zoning | RM-5 |
|---|---|
| Acreage | 0.91 |
| Water Front | Yes |
Taxes
| Tax Annual Amount | 3893.19 |
|---|
Area Information
| State | FL |
|---|---|
| County | Palm Beach |
| City | Lake Worth |
| Zip Code | 33461 |
| Area | 5700 |
| Subarea | PB17 |
| Community Name | N/A |
| Listing VS Median (in N/A) | |
Price: $650,000 low | high Med: $675,000 On site: 36 low | high Med: 47 | |
Market Activity 33461
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Learn More About This Property
| State | FL |
|---|---|
| County | Palm Beach |
| City | Lake Worth |
| Zip Code | 33461 |
| Area | 5700 |
| Subarea | PB17 |
| Community Name | N/A |
| Listing VS Median (in N/A) | |
Price: $650,000 low | high Med: $675,000 On site: 36 low | high Med: 47 | |
