402 N Federal Highway, Lake Worth Beach
402 N Federal Highway, Lake Worth Beach, FL 33460
- 4,141Living Sq. feet
- MLS®RX-11023676
- StatusActive
- $ 1,299,000
Featured
- Price
- $ 1,299,000
- Sq.Feet
- 4,141
- Year build
- 1941
- Type
- Multi Family
- Sub-type
- Quad Plex
- Status
- Active
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. Both buildings are currently operating as apartments and there is a MTM lease in place with a treatment facility. Property will be delivered vacant at closing. Perfect scenario for an end/user and also an investor looking for a value add property. See zoning code for MU-FH attached below. Property can also be split into two legal parcels with the main building having an address of 402 N Federal Hwy and the second building have an address of 316 4th Avenue North. This property won't last. Inquire for details. MU-FH (MIXED USED FEDERAL HWY) - SEE ATTACHMENTS FOR DETAILED ZONING CODE AND PERMITTED USES
Listing Courtesy of Compass Florida LLC
