$650,000

4160 42nd Avenue S, Lake Worth, FL 33463

  • Property Icon Commercial Property
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.91acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 8 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:
October 29, 2025
Data Last Updated:
July 3, 2026 at 3:07PM
Listing Office:
Partnership Realty Inc. : 561-355-0270
Listing Agent:
Julian Prieto Avila : 561-631-4297
MLS ID:
R11137083
  • Road/Access: City/County MaintainedPaved Road
  • Originating MLS: Miami Association of REALTORS®
  • County: Palm Beach County
  • 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: Unimproved Multi Family (5+Units)
  • Utilities: Sewer ConnectedWater ConnectedSewer AvailableWater Available
  • Water: Public
  • Sewer: At SitePublic SewerOtherPublic SanitationSewer
  • Source: Miami Association of REALTORS®

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

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