Homes for sale - 402 N Federal HWY, Lake Worth Beach, FL 33460

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Alan Olem

alan.olem@engelvoelkers.com +1(954) 854-7678

Listed by Coldwell Banker Premium Realty

$ 1,299,000

Est. payment -/mo

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Price Dropped by $201K

402 N Federal HWY Lake Worth Beach, FL 33460

4,141 SqFt

UPDATED:

11/18/2024 12:26 AM

Key Details

Property Type Multi-Family

Sub Type Quad Plex

Listing Status Active

Purchase Type For Sale

Square Footage 4,141 sqft

Price per Sqft $313

Subdivision Lake Worth Town Of

MLS Listing ID RX-11023676

Construction Status Resale

HOA Y/N No

Year Built 1941

Annual Tax Amount $9,612

Tax Year 2024

Lot Size 0.299 Acres

Property Description

Prime investment opportunity in Downtown Lake Worth Beach. Located on Federal Hwy just four blocks north of Lucerne Avenue, this unique property consists of two separate structures on an oversized double parcel (TOWN OF LAKE WORTH LTS 1 & 2 /LESS W 5 FT SR R/W/ BLK 106) and is zoned Mixed Use Federal Hwy (MU-FH), which allows for a multitude of uses including Low intensity office uses, Low intensity personal service uses, Hotels and motels, Multifamily residences, and more. One structure with frontage on Federal Hwy is two stories housing three (3) dwelling units with nearly 2,800 SF. The second structure has frontage on 4th Ave N and features three (3) dwelling units with approximately 1,700 SF.

Location

State FL

County Palm Beach

Community Downtown Lake Worth Beach

Area 5600

Zoning MU-FH

Interior

Heating Central, Electric

Cooling Central, Electric

Flooring Tile

Exterior

Exterior Feature Covered Balcony, Covered Patio, Room for Pool

Community Features Sold As-Is

Utilities Available Public Sewer, Public Water

Amenities Available None

Waterfront Description None

Roof Type Metal

Present Use Sold As-Is

Private Pool No

Building

Lot Description 1/4 to 1/2 Acre

Story 2.0

Foundation CBS

Construction Status Resale

Others

Senior Community No Hopa

Restrictions None

Acceptable Financing Cash, Conventional, Owner

Listing Terms Cash, Conventional, Owner

Financing Cash,Conventional,Owner

Alan Olem

Advisor | License ID: 3348595

+1(954) 854-7678

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