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

4160 42nd for Sale & Rent

Price $650,000.00

• Lot size 39795
• Year Build
• Waterfront
• Zip 33463
• 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)

County Location, 1/2 To Less Than 3/4 Acre Lot, Less Than 1 Acre, Cleared Land, Cleared

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—MULTI-FAMILY,Country:United States,List A O R:BeachesMLS,Tax Year:2025,Latitude:26.615831,List Price:650000,Listing Id:R11137083,Longitude:-80.108754,Mls Status:Active,Utilities:1:Water Connected,2:Sewer Available,3:Water Available,Directions:From I-95, take the 10th Avenue North exit and head west.Turn left (south) onto Kirk Road. Turn right onto 42nd Avenue South — the property will be on your right-hand side, just west of Kirk Road,High School:Lake Worth,Postal Code:33463,Street Name:42nd,Vegetation:1:Mostly Pines,2:No Trees,Coordinates:1:26.615831,Lot Features:1:1/2 To Less Than 3/4 Acre Lot,2:Less Than 1 Acre,3:Cleared Land,4:Cleared,Photos Count:9,Days On Market:192,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:2025-10-29,Parcel Number:00424425000001040,Property Type:Commercial Land,Street Number:4160,Street Suffix:Avenue,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,Direction Faces:South,Documents Count:3,Expiration Date:2026-07-31,Frontage Length:262,List Office Name:Partnership Realty Inc.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Property Sub Type:Agriculture,Road Surface Type:1:Paved,State Or Province:FL,Street Dir Suffix:S,Subdivision Name:N/A,Tax Annual Amount:3890,Unparsed Address:4160 42nd Avenue S, Lake Worth FL 33463,Elementary School:Diamond View,Listing Agreement:Exclusive Agency,M I A M I R E_ Blogging:1,Road Frontage Type:1:Paved Road,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Dimensions:262x151,Lot Size Square Feet:39795,M I A M I R E_ L P Amt Sq Ft:16.33,M I A M I R E_ Price Acre:714285,Original List Price:689000,Previous List Price:670000,Documents Available:1:Plans Available,2:Survey Available,I D X Participation Y N:1,M I A M I R E_ Last Status:Active With Contract,M I A M I R E_ Sub Board I D:Palm Beach,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:2025-10-29,Originating System I D:miamire,Showing Instructions:Call Listing Agent,Elect Lockbox-Call List Agent,Go Directly,Lockbox-No Appointment,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,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Supplement Count:3,Contract Status Change Date:2025-10-29,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,M I A M I R E_ Multiple Offers Accepted Y N:1,Internet Automated Valuation Display Y N:1,