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1422 Lucerne Avenue
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PRICED AT ONLY: $1,600,000

Address: 1422 Lucerne Avenue, Lake Worth, FL 33460

Description

Lake Worth Beach Development Opportunity. .31 acre parcel with Mixed Use East (MU E) Zoning. Corner location allows for a broad range of commercial and residential applications. This district is home to a burgeoning arts scene and an array of mixed use developments projects. Potential uses include and are not limited to residential, office, retail, showroom, bakery, art studios, restaurant, personal services and more. Maximum base density for the parcel allows for 8 residential units. Incorporating specific city programs would increase density and allow for the development of up to 22 residential dwelling units. Currently an 800 sf. free standing commercial building and a 1700 sf. single family home (both CBS), with leases in place, occupy the property, generating $5700 per month.

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  • MLS#: RX-11034028 ( Mixed Use )
  • Street Address: 1422 Lucerne Avenue
  • Viewed: 6
  • Price: $1,600,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1950
  • Bldg sqft: 0
  • Days On Market: 49

Description

Lake Worth Beach Development Opportunity. .31 acre parcel with Mixed Use East (MU E) Zoning. Corner location allows for a broad range of commercial and residential applications. This district is home to a burgeoning arts scene and an array of mixed use developments projects. Potential uses include and are not limited to residential, office, retail, showroom, bakery, art studios, restaurant, personal services and more. Maximum base density for the parcel allows for 8 residential units. Incorporating specific city programs would increase density and allow for the development of up to 22 residential dwelling units. Currently an 800 sf. free standing commercial building and a 1700 sf. single family home (both CBS), with leases in place, occupy the property, generating $5700 per month.
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Features
Building and Construction
  • Absolute Longitude: 80.062998
  • Ceiling: Acoustic
  • Construction: CBS, Concrete
  • Flooring: Laminate, Other, Tile
  • Roof: Comp Rolled
  • Sqft Source: Floor Plan
  • Total Building Sqft: 2458.00
  • Type Of Building: Free Standing, Income, Other, Retail
Property Information
  • Property Condition: Resale
  • Property Desc: Retail & Residential
  • Property Group Id: 19990816212135227274000000
Utilities
  • Air Conditioned: 100.00
  • Cooling: Central, Electric
  • Fire Protect: Smoke Detector
  • Heating: Central, Electric
  • Number Of Meters: 2.00
  • Num Of Stories: 1.0
  • Utilities: Electric
Finance and Tax Information
  • Expenses Insurance: 3000.00
  • Expenses Miscellaneous: 1178.00
  • Expenses R E Taxes: 4576.00
  • Expenses Total Expenses: 5000.00
  • Tax Year: 2023
Rental Information
  • Tenant Pays: Cable, Electric, Insurance
Other Features
  • Avail Docs: Aerial, Survey
  • Avail Info: Books & Records, Copies of Lease, Existing Survey
  • Country: United States
  • Legal Desc: LAKE WORTH TOWN OF LTS 28 THRU 31 (LESS S 5 FT LUCERNE AVE R/W) BLK 6
  • Location: City
  • Parcel Id: 38434421150060280
  • Possession: At Closing
  • Sale Includes: Building and Land
  • Use: Mixed
  • Zoning: MU-E
Nearby Subdivisions
Lake Worth Hgts In   Lake Worth Town Of  
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