$650,000

4160 42nd Avenue S, Lake Worth, FL 33463

Land
Built in ——
0.91acre lot
—— car garage
$——/sqft
Listed 5 months ago

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.

Listing Status:: Active
Date Added:: January 30, 2026
Data Last Updated:: March 28, 2026 at 7:18AM
Listing Office:: Partnership Realty Inc. : 561-355-0270
Listing Agent:: Julian Prieto Avila : 561-631-4297
MLS ID:: R11137083

Road/Access: Paved
Originating MLS: BEACH_BEACH
County: Palm Beach

Zoning: RM—MULTI-FAMILY25-44-42E 1/2 OF W 1/2 OF SW1/4 OF NE 1/4 OF NE 1/4 (LESS S 340 FTN 70 FT CNL & W 15 FT 42ND AVE S R/W)00424425000001040
Current Use: Multi-Family

Utilities: Sewer AvailableWater Available
Water: Public
Sewer: Public Sewer

Source: BEACH_BEACH

This listing courtesy of Julian Prieto Avila , Partnership Realty Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Somerset Academy Jfk Charter School

4696 Davis Rd, Lake Worth, FL, 33461

Grades KG-8

0.95 miles away

Tradewinds Middle School

5090 S Haverhill Rd, Greenacres, FL, 33463

Grades 6-8

1.21 miles away

John I. Leonard High School

4701 10th Ave N, Greenacres, FL, 33463

Grades 9-12

1.28 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.