106 Ocean Breeze Lake Worth Beach, FL 33460
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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