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402 N Federal Highway

Lake Worth Beach, FL 33460
  • $1,299,000
  • STATUS: Active
  • ON SITE: 68 Days
  • ID#: RX-11023676
UPDATED: 35 min ago
$1,299,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,141
    SQFT
  • $314
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1941
County:

School Ratings & Info

Description

Prime investment opportunity in Downtown Lake Worth Beach. Located on Federal Hwy just four blocks north of Lucerne Avenue, this unique property consists of two separate structures on an oversized double parcel (TOWN OF LAKE WORTH LTS 1 & 2 /LESS W 5 FT SR R/W/ BLK 106) and is zoned Mixed Use Federal Hwy (MU-FH), which allows for a multitude of uses including Low intensity office uses, Low intensity personal service uses, Hotels and motels, Multifamily residences, and more. One structure with frontage on Federal Hwy is two stories housing three (3) dwelling units with nearly 2,800 SF. The second structure has frontage on 4th Ave N and features three (3) dwelling units with approximately 1,700 SF.

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www.evluxuryrealestate.com/homes/155757244
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402 N Federal Highway Lake Worth Beach, FL 33460

  • Price: $1,299,000
  • Status: Active
  • On Site: 68 Days
  • Updated: 35 min ago
  • ID#: RX-11023676
0
Beds
0
Baths
0
½ Baths
0.3
Acres
4,141
SQFT
$314
$/SQFT
1941
Built
Neighborhood:
Lake Worth Town Of
County:
Palm Beach
Area:
Lake Worth Beach
Property Description
Prime investment opportunity in Downtown Lake Worth Beach. Located on Federal Hwy just four blocks north of Lucerne Avenue, this unique property consists of two separate structures on an oversized double parcel (TOWN OF LAKE WORTH LTS 1 & 2 /LESS W 5 FT SR R/W/ BLK 106) and is zoned Mixed Use Federal Hwy (MU-FH), which allows for a multitude of uses including Low intensity office uses, Low intensity personal service uses, Hotels and motels, Multifamily residences, and more. One structure with frontage on Federal Hwy is two stories housing three (3) dwelling units with nearly 2,800 SF. The second structure has frontage on 4th Ave N and features three (3) dwelling units with approximately 1,700 SF.
Exterior Features

Carport Spaces 0.00 Construction CBS Exterior Features Covered BalconyCovered PatioRoom for Pool Lot Description 1/4 to 1/2 Acre Private Pool YN No Roof Metal Unit1 Parking Open Parking Unit2 Parking Open Parking Waterfront Description None Waterfront YN No

Interior Features

Cooling CentralElectric Flooring Tile Heating CentralElectric Unit1 Desc A/C UnitDen/FamilyKitchenPatio Unit1 Full Baths 0 Unit1 Furnished No Unit1 Sq Ft 0 Unit2 Desc A/C UnitDen/FamilyKitchenPatio Unit2 Full Baths 0 Unit2 Furnished No Unit2 Sq Ft 0 Unit3 Sq Ft 0 Unit4 Sq Ft 0

Property Features

Annual Net Operating Income 0.00 Annual Total Expenses 0.00 Auction No Available Info Leases Built Desc Resale Development Name DOWNTOWN LAKE WORTH BEACH Gated Community No Gross Operating Income 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Greater Fort Lauderdale Realtors Multifamily Type Quad Plex Possession At ClosingFunding REO No Restrictions None Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Other Special Info Sold As-Is Sq Ft Total 4439.00 Subdivision Amenities None Tax Amount 9612.00 Tax Year 2024 Taxes City/County Tenant Pays CableElectricWater Terms Considered CashConventional Unit1 Monthly Income 0.00 Unit2 Monthly Income 0.00 Unit3 Monthly Income 0.00 Unit4 Monthly Income 0.00 Utilities Public SewerPublic Water Zoning MU-FH

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Thomas Kane | TrustLarry Real Estate
3111 Bayview Drive
Fort Lauderdale FL, 33306