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    1600 Federal Hwy Lake Worth Beach, FL 33460

    Sponsored
    For Sale
    $1,390,000

    Prime Lake Worth Beach land, 0.82 acres, 37-unit potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.82-acre parcel presents a rare development opportunity in the desirable East Lake Worth Beach area. Located just two blocks from the Intracoastal Waterway, this property boasts a central location, offering easy access to both Downtown Delray Beach and West Palm Beach. The site is zoned to allow for the construction of up to 37 residential units, making it an ideal investment for developers seeking a high-density project. Comprehensive due diligence materials are available, including a zoning letter outlining the permitted density, a detailed survey of the land, a Phase 1 environmental report, and soil borings. These documents provide a solid foundation for planning and development, minimizing upfront uncertainties. The asking price for this remarkable property is $1,390,000. Prospective buyers are responsible for conducting their own due diligence to verify all aspects of the property and its development potential. The property is located at 1600 S Federal Hwy, Lake Worth Beach, FL 33460, in Palm Beach County. This is a truly unique opportunity to acquire a substantial land holding in a thriving South Florida market. Don't miss out on this chance to build your next successful project.

    Property Features for 1600 Federal Hwy

    General Information

    Property type
    Land
    Lot Size
    35,719 SF

    HighLights

    • $1,390,000 asking price.
    • 0.82‑acre commercial and residential land parcel.
    • Located in Lake Worth Beach, FL, at 1600 S Federal Hwy, Palm Beach County, zip code 33460.
    • Zoning allows for up to 37 units (buyer to verify).
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0522883
    Latitude
    26.5961824

    Nearby Comparable

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    FAQs

    What type of property is this?
    Land - Prime Lake Worth Beach land, 0.82 acres, 37-unit potential.
    Where is this land located?
    The property is located at 1600 Federal Hwy Lake Worth Beach, FL.
    What is the asking price?
    The asking price for this property is $1,390,000.
    What are key features of this property?
    This property features: $1,390,000 asking price.; 0.82-acre commercial and residential land parcel.; Located in Lake Worth Beach, FL, at 1600 S Federal Hwy, Palm Beach County, zip code 33460.
    Request Owner's contact information
    1600 Federal Hwy Lake Worth Beach, FL 33460
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    Lake Worth Beach, FL 33460
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1600 Federal Hwy Lake Worth Beach, FL 33460
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