$1,600,000
For Sale

1422 Lucerne Avenue

Lake Worth, FL 33460
2458 sqft | #RX-11091817
Browse 22 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

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.

  • Property Details
      • Utility FeaturesElectricity Connected, Public Sewer, Municipal Water, Separate Meter
      • SubdivisionLAKE WORTH TOWN OF
      • RoofComp Rolled
      • MLS #RX-11091817
      • MLS #RX-11091817
      • CountyPalm Beach
      • Original List Price$1,600,000
      • Property SubtypeMixed Use
      • CoolingElectric
      • Property TypePurchase
      • Cost1600000
      • Taxes Annual$4,575
      • Square Feet2458
      • Year Built1950
      • ZoningMU-E

Location

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© BEACHES MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Last Updated: . Source: BMLS

Listing Courtesy
Listing Agent: Michael William Luciano (#442019020)
Listing Office: LPT Realty, LLC (#276771746)

Leah Ball & Co.Leah's Property Shop
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    © BEACHES MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.