4160 42ND ,Agriculture, Unimproved Multi Family (5+units) for Sale & Rent

4160 42ND for Sale & Rent

Price $650,000.00

• Lot size 0
• Year Build
• Waterfront
• Zip 33461
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Rare development opportunity in Lake Worth Beach. 0.91 acre multifamily development site with an approved site plan for a 10-unit, 2-story multifamily residential project. The property is zoned RM (Medium Density Multifamily) with Future Land Use MR-5 and allows a variety of residential development strategies. Approved plans include 10 residential units, 23 parking spaces, recreation area, and site infrastructure already designed, significantly reducing entitlement timeline and development risk. This project offers multiple potential exit strategies for developers and investors, including building the approved 10-unit multifamily rental project, redesigning into townhomes for individual sale, or exploring alternative residential configurations within the existing zoning.

25-44-42~ E 1/2 OF W 1/2 OF SW1/4 OF NE 1/4 OF NE 1/4 (LESS S 340 FT~ N 70 FT CNL & W 15 FT 42ND AVE S R/W)

1/2 To Less Than 3/4 Acre Lot, Less Than 1 Acre

Rare development opportunity in Lake Worth Beach. 0.91 acre multifamily development site with an approved site plan for a 10-unit, 2-story multifamily residential project. The property is zoned RM (Medium Density Multifamily) with Future Land Use MR-5 and allows a variety of residential development strategies. Approved plans include 10 residential units, 23 parking spaces, recreation area, and site infrastructure already designed, significantly reducing entitlement timeline and development risk. This project offers multiple potential exit strategies for developers and investors, including building the approved 10-unit multifamily rental project, redesigning into townhomes for individual sale, or exploring alternative residential configurations within the existing zoning.

City:Lake Worth,Sewer:1:Public Sewer,2:Other,3:Public Sanitation,4:Sewer,Zoning:RM-5,Country:United States,List A O R:BeachesMLS,Tax Year:2025,Latitude:26.615831,List Price:650000,Listing Id:B26078789,Longitude:-80.108754,Mls Status:Active,Utilities:1:Sewer Connected,2:Water Connected,3:Electricity Available,4:Sewer Available,5:Water Available,High School:Lake Worth,Postal Code:33461,Street Name:42ND,Coordinates:1:26.615831,Lot Features:1:Less Than 1 Acre,Photos Count:7,Listing Terms:1:Conventional,Lot Size Acres:0.91,Lot Size Units:Square Feet,M I A M I R E_ Area:5700,M L S Area Major:N/a,On Market Date:2026-09-21,Parcel Number:00424425000001040,Property Type:Commercial Land,Street Number:4160,Street Suffix:Avenue,Waterfront Y N:1,Public Remarks:Rare development opportunity in Lake Worth Beach. 0.91 acre multifamily development site with an approved site plan for a 10-unit, 2-story multifamily residential project. The property is zoned RM (Medium Density Multifamily) with Future Land Use MR-5 and allows a variety of residential development strategies. Approved plans include 10 residential units, 23 parking spaces, recreation area, and site infrastructure already designed, significantly reducing entitlement timeline and development risk. This project offers multiple potential exit strategies for developers and investors, including building the approved 10-unit multifamily rental project, redesigning into townhomes for individual sale, or exploring alternative residential configurations within the existing zoning.,County Or Parish:Palm Beach County,Documents Count:3,Expiration Date:2027-04-26,Frontage Length:262,List Office Name:Partnership Realty Inc.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Property Sub Type:Agriculture,Road Surface Type:1:Paved,State Or Province:FL,Street Dir Suffix:S,Subdivision Name:N/A,Tax Annual Amount:3893,Unparsed Address:4160 42ND Avenue S, Lake Worth FL 33461,Elementary School:Diamond View,Listing Agreement:Exclusive Agency,M I A M I R E_ Blogging:1,Road Frontage Type:1:Paved Road,2:City,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Dimensions:262x151,M I A M I R E_ L P Amt Sq Ft:16.4,M I A M I R E_ Price Acre:714285,Original List Price:650000,Documents Available:1:Plans Available,2:Survey Available,I D X Participation Y N:1,Syndication Remarks:Rare development opportunity in Lake Worth Beach. 0.91 acre multifamily development site with an approved site plan for a 10-unit, 2-story multifamily residential project. The property is zoned RM (Medium Density Multifamily) with Future Land Use MR-5 and allows a variety of residential development strategies. Approved plans include 10 residential units, 23 parking spaces, recreation area, and site infrastructure already designed, significantly reducing entitlement timeline and development risk. This project offers multiple potential exit strategies for developers and investors, including building the approved 10-unit multifamily rental project, redesigning into townhomes for individual sale, or exploring alternative residential configurations within the existing zoning.,Listing Contract Date:2026-09-21,Originating System I D:miamire,Showing Instructions:Vacant,Street Number Numeric:4160,Tax Legal Description:25-44-42~ E 1/2 OF W 1/2 OF SW1/4 OF NE 1/4 OF NE 1/4 (LESS S 340 FT~ N 70 FT CNL & W 15 FT 42ND AVE S R/W),M I A M I R E_ Current Price:650000,M I A M I R E_ Owner Agent Y N:1,Middle Or Junior School:Tradewinds,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Geographic Area:Palm Beach 5670; 5680; 5700; 5710,M I A M I R E_ Parcel Number M L X:0042,Contract Status Change Date:2026-09-21,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Acreage Description:1/2+ To 3/4 Acre,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Agent Alternate Phone:561-631-4297,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,