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Monica Cataluña, CCIM, ALC

monica@koresrealty.com +1(954) 812-1831

$580,000

Est. payment - /mo

1,356 SqFt

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,356 sqft

Price per Sqft $427

Subdivision Lake Worth Town Of Add 1

MLS Listing ID B26066751

Style Twin Home,Duplex

HOA Y/N No

Leases Per Year 365

Year Built 1960

Annual Tax Amount $11,406

Tax Year 2025

Lot Size 0.300 Acres

Acres 0.3

Property Sub-Type Duplex

Property Description

Exceptional Duplex Investment & Development Opportunity in Lake Worth Beach! Situated on two lots totaling approximately 100 feet of frontage on Federal Highway by 135 feet deep, this versatile property offers multiple possibilities for investors, developers, or owner-occupants. The property is currently configured as a duplex featuring a spacious 3-bedroom, 2-bath residence plus a 1-bedroom, 1-bath unit. The property offers an opportunity to maintain the existing income-producing property while exploring additional development potential on the south lot. Zoned MU-FH - Mixed Use Federal Highway, the property offers both multifamily and mixed-use commercial potential. A buyer may consider retaining the existing duplex and developing an additional structure on the adjacent lot, or potentially clearing and redeveloping the site. Previous information indicates the possibility of development of up to approximately 14 units when utilizing applicable affordable-housing incentives, subject to verification and approval by the City of Lake Worth Beach and all applicable governmental authorities. Buyer is encouraged to independently verify zoning, density, permitted uses, setbacks, affordable-housing incentives, and development requirements. Excellent location along the Federal Highway corridor, just minutes from Downtown Lake Worth Beach, Lake Worth Beach and the Atlantic Ocean, the Lake Worth Beach Tri-Rail station, Downtown West Palm Beach, Palm Beach, and Palm Beach International Airport. Convenient access to dining, shopping, entertainment, major roadways, public transportation, and South Florida's coastal lifestyle. Utilities are provided through Lake Worth Beach, with water, sewer, electric, and garbage appearing on one utility bill. Electric service is currently shared between the units. ALL SIZES, DIMENSIONS, DEVELOPMENT POTENTIAL, ZONING INFORMATION, AND PROPERTY INFORMATION ARE APPROXIMATE AND SUBJECT TO INDEPENDENT VERIFICATION BY BUYER.

Location

State FL

County Palm Beach

Community Lake Worth Town Of Add 1

Area 5640

Zoning MU-FH (city)

Interior

Interior Features Main Living Area Entry Level

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Ceramic Tile, Tile, Vinyl

Window Features Impact Glass

Exterior

Exterior Feature Fence, Patio, Storm/Security Shutters

Pool None

Utilities Available Electricity Available, Water Available, Sewer Available

View Garden

Roof Type Composition

Porch Patio

Private Pool No

Building

Lot Description <1 Acre, 1/4 to 1/2 Acre Lot

Story 1

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

Water Public

Architectural Style Twin Home, Duplex

Level or Stories One

Structure Type Block,Stucco

Schools

Elementary Schools Barton

Middle Schools Lantana

High Schools Lake Worth

Others

Pets Allowed No

Senior Community No

Restrictions No Restrictions

Tax ID 38434427010670070

Acceptable Financing Cash, Conventional, VA Loan

Listing Terms Cash, Conventional, VA Loan

Special Listing Condition Listed As-Is

Pets Allowed No

Virtual Tour https://www.propertypanorama.com/1302-S-FEDERAL-Highway-Lake-Worth-Beach-FL-33460/unbranded

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Miami Association of Realtors (SEFMIAMI MLS)

Listed by RE/MAX Direct

"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

1302 S FEDERAL HWY Lake Worth Beach, FL 33460

Monica Cataluña, CCIM, ALC

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1302 S FEDERAL HWY