About 4160 42nd Avenue S
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.
Features of 4160 42nd Avenue S
| MLS® # | B26078789 |
|---|---|
| Price | $650,000 |
| Acres | 0.91 |
| Type | Land & Docks |
| Sub-Type | Unimproved Land |
| Status | New |
Community Information
| Address | 4160 42nd Avenue S |
|---|---|
| Area | 5700 |
| Subdivision | N/A |
| City | Lake Worth |
| County | Palm Beach |
| State | FL |
| Zip Code | 33461 |
Amenities
| Utilities | Electricity Available, Sewer Available, Water Available |
|---|---|
| Is Waterfront | Yes |
School Information
| Elementary | Diamond View |
|---|---|
| Middle | Tradewinds |
| High | Lake Worth |
Additional Information
| Zoning | RM-5 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Partnership Realty Inc. |
|---|---|
| Phone | 561-631-4297 |