4160 42nd Avenue S, Lake Worth FL 33463

About This Property

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.

Property Details

Property Type

Agriculture

Status

Active

MLS #

R11137083

Lot Size

0.91 acres

Zoning

RM—MULTI-FAMILY

Days on Market

264

Price

$650,000