4160 42nd Avenue S, Lake Worth FL 33463

$650,000

$39,000
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Overview

0.91 acres
Property Type

Agriculture

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.

Property Details

MLS#

R11137083

Address

4160 42nd

City

Lake Worth

State/county

FL

Zip/Postal Code

33463

Area

N/a

Country

United States

HOA

No

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$3,890

Maint Fee

$--

Tax Year

2025

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Boris Gelfand