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202 Lucerne Ave # 14, Lake Worth FL 33460

Commercial For Sale
$2,950,000

BTC: 45.91439689

ETH: 1,550.47723164

-$30K (2026/05/29)
90 days
0 room(s)

Overview

Well-located 14-unit multifamily property in the heart of downtown Lake Worth Beach at 202 Lucerne Avenue. The asset consists of thirteen 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, all featuring central A/C, private balconies, and ample natural light, along with an on-site laundry facility for additional income. Built in 1974 with concrete block construction and a stucco exterior, the property is currently operated as annual rentals and also holds a valuable transitory license, allowing for potential conversion to short-term rentals and increased revenue. Positioned just steps from Lake Avenue, the property offers exceptional walkability to dining, retail, and entertainment, and is located just minutes from the Intracoastal Waterway, Lake Worth Beach Park, and JFK Medical Center. Strong in-place income with clear upside through rental growth and operational improvements in a highly active and improving downtown submarket supported by ongoing redevelopment and long-term demand drivers.

Location

Florida • Lake Worth • 33460 • Commercial • For Sale

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1974
Lot:
0.31 Acres
Heating:
Central Individual A/C
Price/sqft:
No Data
Cooling:
Central Individual A/C
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,825,000
$975K – $3.6M
Confidence Low
List vs. estimate
$125K above estimate
List $2,950,000 · +4.4%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $497K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$52,941
2025
All facts and features

  • Heating

    • Central Individual A/C

    Cooling

    • Central Individual A/C

  • Lot

    • Lot: 0.31 Acres

    Other Property Information

    • Parcel Number: 38434421150300150

    • Zoning: DT (city

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Other financial information

    • Annual tax amount: $52,941

  • Source details

    • MLS ID: A12001661

    Other facts

    • Construction Materials: Concrete Block Construction

    • Water Source: Public

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
33460
188
median $544K
Active
Same city
Lake Worth
674
median $449K
Active
Same type
Commercial
19
median $2.6M
Active
Similar price
$2.1M – $3.8M
19
median $2.7M
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: Fausto Commercial Realty Consultants Inc