Land in Lake Worth, FL 33461
4160 42nd Ave S

Overview Features True Comps Price History Payment Location Similar Homes

$650,000

Estimate Payment $3,611 Closing Costs

Beds

0.91

Acre

$714,286

$/Acre

Land

Waterfront

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.

MLS Number: B26078789

On Site: 16 Days

Updated: 0 Days ago

Page Views: 0

Features

All features

Current Use: MultiFamily
Approx SqFt Total Area: 39639.6
Property SqFt: 39639.6
Remarks: 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.
REO: Standard
Internet Remarks: 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.
Waterfront: Yes
Days on Market: 15
Office Name: Partnership Realty Inc.
Taxes: 3893.19
Tax Year: 2025
Listing Date: 2026-09-21T14:27:57.000-00:00
Lot Size Square Feet: 39639.6