4160 42nd AVE S, Lake Worth, FL 33463
4160 42nd AVE S, Lake Worth, FL 33463
4160 42nd AVE S, Lake Worth, FL 33463
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Monica Cataluña, CCIM, ALC

Monica Cataluña, CCIM, ALC

+1(954) 812-1831
$650,000
Est. payment /mo
0.91 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID R11137083

HOA Y/N No

Annual Tax Amount $3,890

Tax Year 2025

Lot Size 0.910 Acres

Acres 0.91

Lot Dimensions 262x151

Property Sub-Type Commercial

Property 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.

Location

State FL

County Palm Beach

Area 5700

Zoning RM—MULTI-FAMILY

Direction From I-95, take the 10th Avenue North exit and head west.Turn left (south) onto Kirk Road. Turn right onto 42nd Avenue South — the property will be on your right-hand side, just west of Kirk Road

Exterior

Utilities Available Water Available, Sewer Available

Street Surface Paved

Private Pool Yes

Building

Lot Description <1 Acre

Faces South

Sewer Not Connected (at lot), Public Sewer, Other

Water Public

Schools

Elementary Schools Diamond View

Middle Schools Tradewinds

High Schools Lake Worth

Others

Senior Community No

Tax ID 00424425000001040

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Partnership Realty Inc.
Monica Cataluña, CCIM, ALC

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

2665 Executive Park Drive, Suite 1 Weston, FL 33331

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4160 42nd AVE S