Mixed Use For Rent

1422 Lucerne Avenue, Lake Worth, FL 33460

$1,600,000
0.31
Property 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.

Basic Details
Listing Type : For Rent
Price : $1,600,000
Features
: Central, Electric
Central,Electric
Laminate,Other,Tile
No
Comp Rolled
Location
US
FL
Palm Beach
Lake Worth
33460
Lucerne Avenue West to corner of North ''C'' Street. Drive around block as ''C'' Street is one way.
1422 Lucerne Avenue, Lake Worth, Fl 33460
Extended Details
Virtual Tour URL
LAKE WORTH TOWN OF
11.04.2024
CBS,Concrete
Cash,Conventional,Owner
Electric
2.00
2
MU-E
Yes
2023
At Closing
$0
LPT Realty, LLC
Michael William Luciano
1.0
100.00
4581.75
beachesmls
Property TypeMixed Use
StatusActive
Listing IDRX-11034028
Year Built1950
Lot Area0.31
Realtyna

Nadereh (Nana) Rezaie, P.A.  Broker Associate, Certified Luxury Home Marketing Specialist™ GUILD™

Nana Rezaie 561-660-1948

Office: 561-472-1236 1400 Corporate Center Way, Second Floor, Wellington, FL 33414 Each office independently owned and operated.

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