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4160 42ND Avenue S, Lake Worth FL 33461

Commercial For Sale
$650,000

BTC: 7.81813808

ETH: 245.28301887

3 days
Waterfront
0 room(s)

Overview

Rare development opportunity in Lake Worth Beach. 0.91 acre multifamily development site with an approved site plan for a 10-unit, 2-story multifamily residential project. The property is zoned RM (Medium Density Multifamily) with Future Land Use MR-5 and allows a variety of residential development strategies. Approved plans include 10 residential units, 23 parking spaces, recreation area, and site infrastructure already designed, significantly reducing entitlement timeline and development risk. This project offers multiple potential exit strategies for developers and investors, including building the approved 10-unit multifamily rental project, redesigning into townhomes for individual sale, or exploring alternative residential configurations within the existing zoning.

Location

Florida • Lake Worth • 33461 • Commercial • For Sale • Waterfront

Details

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

Valuation

Our model vs. what's actually selling nearby.
Estimate
$299,999
$175K – $1.7M
Confidence Low
List vs. estimate
$350K above estimate
List $650,000 · +116.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
29 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
$3,893
2025
Waterfront
Yes
All facts and features

  • Property

    • Exterior Features: None

    Lot

    • Lot: 0.91 Acres

    Other Property Information

    • Parcel Number: 00424425000001040

    • Zoning: RM-5

  • Type and style

    • Property Type: Commercial Land

    • Property Sub Type: Agriculture

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Water Connected

    • Electricity Available

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $3,893

  • Source details

    • MLS ID: B26078789

    Other facts

    • Lot Features: 1/2 To Less Than 3/4 Acre Lot / Less Than 1 Acre

    • Waterfront: Yes

    • Water Source: Public

    • Lot Size Dimensions: 262x151

    • Subdivision Name: N/A

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
261
median $130K
Active
Same city
Lake Worth
668
median $434K
Active
Same type
Commercial
18
median $2.0M
Active
Similar price
$455K – $845K
216
median $560K
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: Partnership Realty Inc.