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Listed by LPT Realty, LLC
$ 1,600,000
Est. payment /mo
Active
1422 Lucerne AVE Lake Worth, FL 33460
3 Baths
2,458 SqFt
UPDATED:
11/05/2024 08:40 PM
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-11034028
Construction Status Resale
Year Built 1950
Annual Tax Amount $4,581
Tax Year 2023
Lot Size 0.310 Acres
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 $5700 per month.
Location
State FL
County Palm Beach
Area 5620
Zoning MU-E
Interior
Heating Central, Electric
Cooling Central, Electric
Flooring Laminate, Other, Tile
Fireplaces Type Smoke Detector
Exterior
Utilities Available Electric
Roof Type Comp Rolled
Building
Story 100.00
Foundation CBS, Concrete
Construction Status Resale
Others
Acceptable Financing Cash, Conventional, Owner
Listing Terms Cash, Conventional, Owner
Financing Cash,Conventional,Owner