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Property profile & analytics
FOR SALE
Commercial land

1600 S Federal Hwy Lake Worth, FL 33460

3,738 SF 0.31 ac lot Built 1958
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US18-4898652
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1958
Total area 3,738 SF
Lot 0.31 ac (13,499 SF)
Zoning code MU-FH
APN 38-43-44-27-01-090-0050
UPID US18-4898652
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
$1.01M
CAP Approach CAP
$990k
Comparable Approach Comparable
$709k
Blend (final) Blend
$1.01M
Owner & transaction history
Se Lucerne Holdings II LLC · 2 yrs held
Se Lucerne Holdings II LLC
since 2024
Last sale
$1.0M
3 recorded transactions
2024
$1.0M
2005
$760,000
2004
$225,000
Zoning & alternative use
MU-FH · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.5M +56.9%
Medical building $1.5M +50.2%
Neighborhood: shopping center $1.4M +38.6%
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