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Listed by LPT Realty, LLC

$1,600,000

Est. payment - /mo

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3 Baths

2,458 SqFt

New

1422 Lucerne AVE Lake Worth, FL 33460

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MAXIM LLC

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 2,458 sqft

Price per Sqft $650

Subdivision Lake Worth Town Of

MLS Listing ID RX-11091817

Construction Status Resale

Year Built 1950

Annual Tax Amount $4,575

Tax Year 2024

Lot Size 0.310 Acres

Property Sub-Type Mixed Use

Property 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 $5895 per month.

Location

State FL

County Palm Beach

Area 5620

Zoning MU-E

Interior

Heating Central

Cooling Central, Electric

Flooring Laminate, Other, Tile

Fireplaces Type Smoke Detector

Exterior

Utilities Available Electric, Municipal Water, Public Sewer, Separate Meter

Roof Type Comp Rolled

Building

Story 100.00

Foundation CBS

Construction Status Resale

Others

Acceptable Financing Cash, Conventional, Owner

Listing Terms Cash, Conventional, Owner

Financing Cash,Conventional,Owner

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1422 Lucerne AVE Lake Worth, FL 33460

MAXIM LLC

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1422 Lucerne AVE