1120 S Federal Hwy, Lake Worth, FL 33460

Location incredible! Great zoning: residential, and commercial, mixed-use, retail or medical. Currently multifamily use. 3 min walk to the intracoastal and only 5 minutes drive to the golden sands of palm beach island - home to many billionaires, this exceptional property offers a rare blend of lifestyle and investment potential. The second floor alone generates an annual gross rental income of $28,200. One part of the first floor (room) is currently leased for $14,400 annually, while the other half, currently owner-occupied, potential for an additional $22,800 in yearly income. It set on a spacious lot with ample parking; the property includes a charming 112-square-foot patio and a large yard offering room to build or expand in the future. Walk to $70 million luxury hotel renovation.