$1,600,000
Sqft: 2,458
16 Days On Market

Courtesy of LPT Realty, LLC

Status: Active
Property Type: Mixed Use
Year Built: 1950
Days On Website: 16

Property Details for 1422 Lucerne Avenue, Lake Worth, FL 33460

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.

Listing

  • Source: Palm Beach
  • List price: $1,600,000
  • MLS ID: 20121115220811115022000000
  • Listing ID: RX-11034028
  • Listing date: 2024-11-01
  • Status: Active
  • For lease?: No
  • $651 per square foot
  • Annual

Bathrooms

  • 3 total bathrooms
  • 1 full bathroom, unit 1
  • 2 full bathrooms, unit 2

Building

  • 2,458 total building square feet
  • Built in 1950
  • 1 story
  • 2 units in build
  • Year built description: Resale
  • Square footage source: SimpleTemplate
  • Interior ceiling height: 9 feet
  • 2 tenants
  • 1 total unit for unit 1
  • 1 total unit for unit 2
  • CBS
  • Concrete
  • Smoke Detector
  • Free Standing
  • Income
  • Other
  • Retail

Cooling

  • Central
  • Electric

Floors

  • Laminate
  • Other
  • Tile

Heating

  • Central
  • Electric

Interior Features

  • Acoustic

Location

  • County: Palm Beach
  • Subdivision: LAKE WORTH TOWN OF
  • City

Lot

  • 0 acres

Miscellaneous

  • Unit 1 description: Shops
  • Annual rent, unit 1: 32754.00
  • Unit 2 description: 3 Bedroom
  • Annual rent, unit 2: 36000.00
  • Cable
  • Electric
  • Insurance
  • Cash
  • Conventional
  • Owner

Property

  • Property type: E
  • Zoning: MU-E
  • Waterfront: No

Roof

  • Comp Rolled

Taxes

  • Real estate taxes: $4,582
  • Year: 2023

Utilities

  • 2.00 meter
  • Electric

Map View


$1,600,000 - 1422 Lucerne Avenue, Lake Worth, FL 33460

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1422 Lucerne Avenue
Lake Worth, FL 33460
County: Palm Beach

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