1422 Lucerne Avenue
Lake Worth, Florida 33460, United States

MLS#: RX-11034028

$1,600,000 USD

Total rooms
3
Minimum sellable space
228m² (2,458ft²)
The details

Property features

Date Updated: Nov 6, 2024

Construction details

Year built
1950
Roofing
Composition Roll

Area

Property size
228m² (2,458ft²)
Land/Lot size
1,255m² (0.31ac)
Bathrooms
3
Total rooms
3
Cooling system
Electric
Central
Heating system
Electric
Central

Description

Lake Worth Beach Development Opportunity. .31 acre parcel with Mixed Use East (MU-E) Zoning. Corner location allows for a broad range of commercial and residential applications. This district is home to a burgeoning arts scene and an array of mixed use developments projects. Potential uses include and are not limited to residential, office, retail, showroom, bakery, art studios, restaurant, personal services and more. Maximum base density for the parcel allows for 8 residential units. Incorporating specific city programs would increase density and allow for the development of up to 22 residential dwelling units. Currently an 800 sf. free standing commercial building and a 1700 sf. single family home (both CBS), with leases in place, occupy the property, generating $5700 per month.

Location

1422 Lucerne Avenue, Lake Worth, Florida 33460, United States
map image
Courtesy of Michael William Luciano LPT Realty, LLC