Lake Worth Beach Development Opportunity. .31 acre parcel with Mixed Use East (MU-E) Zoning. Corner location allows for a broad range of commercial and residential applications. This district is home to a burgeoning arts scene and an array of mixed use developments projects. Potential uses include and are not limited… Read More to residential, office, retail, showroom, bakery, art studios, restaurant, personal services and more. Maximum base density for the parcel allows for 8 residential units. Incorporating specific city programs would increase density and allow for the development of up to 22 residential dwelling units. Currently an 800 sf. free standing commercial building and a 1700 sf. single family home (both CBS), with leases in place, occupy the property, generating $5895 per month. Read Less
Courtesy of Michael William Luciano, LPT Realty, LLC 561-540-8979
Listing Snapshot
Days Online
13
Last Updated
Property Type
Mixed Use
Square Ft.
2,458
Year Built
1950
MLS Number
RX-11091817
30 Days Snapshot Of 33460
$382k
-31%
(avg) sold price
17
-50%
homes sold
116
+9%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
2,458 total building square feet, Built in 1950, 1 story, 2 units in build, Year built description: Resale, Square footage source: SimpleTemplate, Interior ceiling height: 9 feet, 1 tenant, 1 total unit for unit 1, CBS, Smoke Detector, Free Standing, Income, Office/Retail, Resident. Single Fam
Cooling
Central, Electric
Floors
Laminate, Other, Tile
Heating
Central
Lot
0 acres
Miscellaneous
Unit 1 description: Shops, Annual rent, unit 1: 34740.00, Unit 2 description: 3 Bedroom, Annual rent, unit 2: 36000.00, Cable, Electric, Cash, Conventional, Owner
Property
Property type: E, Zoning: MU-E, Waterfront: No
Roof
Comp Rolled
Taxes
Real estate taxes: $4,576, Year: 2024
Utilities
2.00 meter, Electric, Municipal Water, Public Sewer, Separate Meter
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