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5321 Maine Street, Lake Worth FL 33461

Commercial Active With Contract
$2,600,000

BTC: 40.88050314

ETH: 1,366.52230585

+$200K (2025/02/02)
178 days
0 room(s)

Overview

Prime Multi-Family Development Opportunity - 5321 Maines Street This 1.81-acre lot is zoned Multi-Family Urban Fill, making it a prime investment for high-density residential development. The site comes with an approved site plan for 88 one-bedroom, one-bathroom units and 4 two-bedroom, one-bathroom units, maximizing its potential. Located in a rapidly growing urban area, this property offers excellent access to amenities and infrastructure. A rare opportunity for developers seeking a turnkey project in a strong rental market!

Location

Florida • Lake Worth • 33461 • Commercial • Active With Contract

Details

Type:
Commercial Land
Parking:
No Data
Year Built:
No Data
Lot:
2.52 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$389,500
$171K – $1.3M
Confidence Low
List vs. estimate
$2.2M above estimate
List $2,600,000 · +567.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
14 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $11.0M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$6,855
2024
All facts and features

  • Lot

    • Lot: 2.52 Acres

    Other Property Information

    • Parcel Number: 00424425000005380

    • Zoning: Urban Infill

  • Type and style

    • Property Type: Commercial Land

    • Property Sub Type: Agriculture

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Electricity Available

    • Sewer Available

  • Other financial information

    • Annual tax amount: $6,855

  • Source details

    • MLS ID: R11058271

    Other facts

    • Lot Features: City Location / County Location / 1 To Less Than 2 Acre Lot / Cleared Land / Cleared

    • Direction Faces: West

    • Subdivision Name: None

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33461
247
median $148K
Active
Same city
Lake Worth
674
median $449K
Active
Same type
Commercial
19
median $2.6M
Active
Similar price
$1.8M – $3.4M
23
median $2.5M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: KW Innovations