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Property profile & analytics
OFF-MARKET
Land

106 Ocean Breeze Lake Worth Beach, FL 33460

Property ID
Property summary
AI-generated overview

Exceptional investment opportunity: 13,500 square foot commercial lot in downtown Lake Worth Beach, Florida (APN 38434421150300020), zoned DT. This property boasts a prime location in the Parrot Cove Historical District, just one mile from the beach. A site plan is already approved for a 29-unit boutique hotel/Airbnb, presenting a turnkey project primed for immediate development. Phase 1 permits and impact fees are fully paid, and complete construction documents for Phase 2 are available, streamlining the construction process. The property offers unparalleled access to the vibrant downtown area, with its diverse culinary scene, shopping, and cultural attractions. This is a rare chance to acquire a fully permitted and meticulously planned project in a highly desirable location, making it an ideal investment for developers seeking a quick return. The asking price is $1,695,000. This is a for sale by owner listing.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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